Additional Superannuation Election Clause Samples
The Additional Superannuation Election clause allows an employee to choose to make extra contributions to their superannuation fund beyond the standard employer contributions. Typically, this clause outlines the process for notifying the employer of the desired additional amount, whether as a fixed sum or a percentage of salary, and specifies how and when these contributions will be deducted from the employee’s pay. Its core function is to provide employees with flexibility in managing their retirement savings, ensuring they can increase their superannuation benefits in a structured and transparent manner.
Additional Superannuation Election. Teachers with Five or More Years of Service
Additional Superannuation Election. Teachers with Five or More Years of Service
(a) A Teacher with five or more years of service with their current employer may elect to receive additional superannuation contributions under clause 12.4 instead of receiving benefits provided under clause 17.8 – Leave Loading and Long Service Leave in excess of the legislation as provided under clause 20.
(b) The School shall advise the Teacher of the existence of this option on engagement.
Additional Superannuation Election. An employee may elect to both:
(a) accrue long service leave as provided under clause 9.2(b); and
(b) receive the benefits provided under clause 10
Additional Superannuation Election. (a) A Teacher may elect to both;
Additional Superannuation Election. A Teacher may elect to both:
(a) accrue long service leave as provided under clause 9.2(b); and
(b) receive the benefits provided under clause 10