Salary for Superannuation Purposes. The definition of salary for superannuation purposes differs depending upon the employee’s nominated Superannuation Scheme. The employee and the Library agree that the Library will certify the salary for superannuation purposes according to the terms and conditions of the nominated Superannuation Scheme of the employee.
Salary for Superannuation Purposes. (1) The Secretary and an employee may agree a salary for superannuation purposes in respect of the employee’s membership of the Commonwealth Superannuation Scheme, Public Sector Superannuation Defined Benefits Scheme or the Public Sector Superannuation Accumulation Plan or such other accumulation plan chosen by the employee under clause 3.52.
(2) The timing of an employee’s salary for superannuation purposes provided for by this clause taking effect for the purposes of employer superannuation contributions, employee contribution purposes (if applicable) and payment of superannuation benefit purposes will be in accordance with the rules of the employee’s superannuation scheme.
Salary for Superannuation Purposes.
1. For the Commonwealth Superannuation Scheme and for the purposes of the Superannuation Act 1976 the annual rate of salary is the amount to which the employee is entitled as per Schedule 1.
2. For Public Sector Superannuation Scheme members and for the purposes of the Trust Deed and Rules under the Superannuation Act 1990 the:
(a) Basic Salary is the amount to which the employee is entitled at Schedule 1; and
(b) the amount of any allowances to which the employee is entitled under this Agreement.
3. For ordinary employer sponsored members of the Public Sector Superannuation Accumulation Plan (PSSAP) and for the purposes of the Trust Deed and Rules under the Superannuation Act 2005 the Fortnightly Contribution Salary is as though the employee had been a PSS member.
Salary for Superannuation Purposes. 9.1 Salary for superannuation purposes will be calculated as if a full 4.25 base rate increase was paid from the first payday after commencement of this Agreement.
9.2 Notwithstanding the actual dates of effect of base rate increases under this Agreement for 2010/2011, salary for superannuation purposes will be calculated as if a full 4.25% base rate increase was paid from 8 July 2010.
9.3 These increases are calculated from the actual pay rises of 3.25% each year plus 1% derived from 2 days of the Office shut down over the Christmas period.
9.4 For AVO employees, salary for superannuation purposes will be 105% of salary for the period from the commencement of this Agreement to the day prior to the first payday after commencement of this Agreement. Pay
Salary for Superannuation Purposes. 22.1 The rate of salary for superannuation purposes is in accordance with the rules of either:
a) the Superannuation Act 1976 (for CSS members); or
b) the Superannuation Act 1990 (for PSS members).
22.2 For ordinary employer sponsored members of the Public Sector Scheme Accumulation Plan (PSSap) and for the purposes of the Trust Deed and Rules under the Superannuation Act 2005 the Fortnightly Contribution Salary is as though the employee had been a PSS member.
Salary for Superannuation Purposes. For the Commonwealth Superannuation Scheme and for the purposes of the Superannuation Act 1976 the annual rate of salary is the amount to which the employee is entitled as per Schedule 1. For Public Sector Superannuation Scheme members and for the purposes of the Trust Deed and Rules under the Superannuation Act 1990 the: Basic Salary is the amount to which the employee is entitled at Schedule 1; and the amount of any allowances to which the employee is entitled under this Agreement. For ordinary employer sponsored members of the Public Sector Superannuation Accumulation Plan (PSSAP) and for the purposes of the Trust Deed and Rules under the Superannuation Act 2005 the Fortnightly Contribution Salary is as though the employee had been a PSS member. Employers Superannuation Contribution ACLEI will make compulsory employer contributions as required by the applicable legislation and fund requirements. Without providing financial advice ACLEI will: ensure that a new employee is fully informed about superannuation arrangements immediately on commencement or recommencement of employment allow superannuation choice for an employee who is eligible for membership of the Public Sector Superannuation Accumulation Plan; and provide an employer contribution of 15.4% of ordinary time earnings for members of the Public Sector Superannuation Accumulation Plan and for those employees exercising superannuation choice.
Salary for Superannuation Purposes. Except where a higher rate is maintained in accordance with the rules of the superannuation scheme and / or legislation, salary for all superannuation purposes is the salary provided for in the salaries schedule at Appendix 2.
Salary for Superannuation Purposes. 9.1 Salary for superannuation purposes will be calculated as if a full 4.5% base rate increase was paid from the date of commencement of this Agreement.
9.2 Notwithstanding the actual dates of effect of base rate increases under this Agreement for 2007/2008, salary for superannuation purposes will be calculated as if a full 3.5% base rate increase was paid from 1 July 2007 and a full 3% base rate increase was paid from 1 January 2008.
9.3 Notwithstanding the actual dates of effect of base rate increases under this Agreement for 2008/2009, salary for superannuation purposes will be calculated as if a full 6% base rate increase was paid from 1 July 2008.
9.4 These increases are calculated from the actual pay rises of 3.5%, 2.5%, 2% and 5% plus 1% derived from 2 days of the Office shut down over the Christmas period.
