SALARY SACRIFICE OF SUPERANNUATION Sample Clauses

SALARY SACRIFICE OF SUPERANNUATION. Contributions a) Remuneration payable under this agreement may be made up entirely of wages or, at the option of an employee (other than a casual employee) and subject to the employer’s agreement, wages and a superannuation contribution to the CSR Australian Superannuation Fund or the Xxxxxx PGH Superannuation Fund as appropriate. Wages and Superannuation are the two components which will make up remuneration. The sum allocated to each component will be negotiated initially between the employer and the employee and thereafter renegotiated in accordance with this clause. b) Should the employer make a superannuation contribution in accordance with this clause, it shall not, to the extent of that contribution, be liable to pay wages to the employee under this agreement or applicable award. c) The opportunity for an employee to initially negotiate the components of remuneration as per a) above shall be in accordance with procedures determined by the employer and may only be changed during the period specified in accordance with procedures established by the employer. d) Thereafter, the opportunity to renegotiate with the employer the components of remuneration as per a) above shall be available once a year at a time and in accordance with procedures determined by the employer, and may only be changed during the period specified in accordance with procedures established by the employer. d) In the event that changes in legislation, the Income Tax Assessment Act, tax office rulings or determinations remove or alter the company’s capacity to maintain the salary sacrificing arrangements pursuant to this agreement, the company will be entitled to withdraw from these arrangements by giving notice to each affected employee. e) Employer and employee contributions to the CSR Australian Superannuation Fund or the Xxxxxx PGH Superannuation Fund shall be adjusted at the time any remuneration increase is received by the employee.
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SALARY SACRIFICE OF SUPERANNUATION. 16.1 An employee who is a contributing member can elect to have any amount of their current salary paid each pay period by the employer into the Local Government Superannuation Scheme (Local Super) on behalf of the employee. 16.2 Any contribution made by the employer on behalf of the employee will represent a deemed contribution. A deemed contribution is made on behalf of the member, and is paid from gross salary, thus effectively reducing the table salary of the employee. 16.3 An employee can elect to vary the amount of salary sacrifice paid to the Local Government Superannuation Scheme (Local Super) at any time during the life of this agreement, consistent with the rules of the fund. 16.4 No employee shall be disadvantaged by entering a Salary Sacrifice Agreement. CLAUSE 17: CORPORATE WARDROBE 17.1 Whilst not compulsory, Council encourages employees to wear the Corporate Wardrobe. Full time permanent staff is entitled to a uniform allowance at the commencement of employment. An annual amount per year (non‐cumulative) is available to employees for corporate uniform purchases. Such payments are for purchase of corporate wardrobe garments only. Payment amounts presently $400 “one off” uniform allowance and $330 per financial year (non cumulative) thereafter. Rates are periodically reviewed as part of the policy review process. CLAUSE 18: TRAINING 18.1 Council is committed to enhancing the skills of its workforce through the provision of training both internal (on the job) and external (through attendance courses) and will support and encourage employees who undertake work related private study. 18.2 Following consultation between senior management and interested officers, reasonable opportunity will be given to officers to attend appropriate Local Government related courses (provided, however, that such reasonable opportunity to attend shall be subject to any organisational constraints which may arise). 18.2 Officers undertaking courses of study by correspondence shall be permitted time off with pay of two hours per week (subject to office convenience) for the purposes of completing exercises/assignments which are essential to the course and such time as is necessary for practical training and examinations. 18.3 Where an officer is required by the Council to undertake a course of study or attend a training course, the Council shall on the satisfactory completion of each year, reimburse the officer for all fees paid in respect of such course. CLAUSE 19: FLEX...
SALARY SACRIFICE OF SUPERANNUATION. 23.1 An employee who is a contributing member can elect to have any amount of their current salary paid each pay period by the employer into the Local Government Superannuation Scheme (Statewide) on behalf of the employee. 23.2 Any contribution made by the employer on behalf of the employee will represent a deemed contribution. A deemed contribution is made on behalf of the member, and is paid from gross salary, thus effectively reducing the taxable salary of the employee. 23.3 An employee can elect to vary the amount of salary sacrifice paid to the (Statewide) at any time during the life of this agreement, consistent with the rules of the fund. 23.4 No employee shall be disadvantaged by entering into a Salary Sacrifice Agreement. 23.5 The employee’s substantive gross salary for all purposes, including but not limited to superannuation, annual leave, annual leave loading and long service leave, shall be the pre- sacrificing salary.
SALARY SACRIFICE OF SUPERANNUATION. 24.1 An employee who is a contributing member can elect to have any amount of their current salary paid each pay period by the Council into Local Super SA-NT on behalf of the employee. 24.2 Any contribution made by the Council on behalf of the employee will represent a deemed contribution. A deemed contribution is made on behalf of the member, and is paid from gross salary, thus effectively reducing the taxable salary of the employee. 24.3 An employee can elect to vary the amount of salary sacrifice to the Local Super SA- NT at any time during the life of this Agreement, consistent with the rules of the fund. 24.4 For the purposes of calculating Annual Leave, Annual Leave Loading, superannuation employer contributions, and all other relevant entitlements under this Agreement, the employee’s gross salary before the salary sacrifice component is deducted will be taken as the relevant gross salary figure. City of Xxxxxxx Payneham & St Xxxxxx Local Government Employees Enterprise Agreement No. 5, 2011 - 2014
SALARY SACRIFICE OF SUPERANNUATION. 31.1 As a salary sacrificing arrangement, an employee can elect to have any amount of their current salary paid each pay period by the employer into the Local Government Superannuation Scheme on behalf of the employee.
SALARY SACRIFICE OF SUPERANNUATION. This clause provides the mechanism whereby an employee can request an alternative system for the payment of a part of their wages. It is intended that this will benefit employees without imposing costs on the Company. The program is voluntary.
SALARY SACRIFICE OF SUPERANNUATION. The company offers employees bound under this collective agreement the option of salary sacrificing an amount of their income to be paid into their superannuation fund over and above, that which is paid by the Company per statutory requirements. As an alternative the company offers the option of making Personal Contribution After Tax into their superannuation fund.
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Related to SALARY SACRIFICE OF SUPERANNUATION

  • Superannuation 13.1 The Employer shall contribute, on behalf of the Employee, superannuation to a fund that will be nominated by the Employer, in accordance with the requirements of the relevant, prevailing superannuation legislation.

  • SALARY SACRIFICE ARRANGEMENTS 34.1 Employees covered by this Agreement will have access to salary sacrifice arrangements in addition to the compulsory arrangement detailed above. The requirements of any such arrangements shall ensure that: (a) Accessing a salary sacrifice arrangement is a voluntary decision to be made by the individual Employee. (b) An Employee wishing to enter into a salary sacrifice arrangement will be required to notify their Employer in writing of the intention to do so and have sought expert advice in relation to entering into such an arrangement. (c) The Employer shall meet the cost of implementing the administrative and payroll arrangements necessary for the introduction of salary sacrifice to the Employees under the Agreement. (d) The co-contribution of superannuation payments referred to herein shall be made by way of salary sacrifice arrangements.

  • Salary Sacrifice (a) Where an Employee wishes to have their pay salary sacrificed for additional superannuation, the Employer will comply with the Employee’s request without unreasonable delay and consistent with any relevant statutory requirements. (b) All entitlements and benefits contained in this Agreement will be calculated on the pre-salary sacrifice pay rate.

  • Superannuation fund Unless, to comply with superannuation legislation, the employer is required to make the superannuation contributions provided for in Clause 24(b) to another superannuation fund that is chosen by the employee, the employer must make the superannuation contributions provided for in Clause 24(b) and pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) to one of the following superannuation funds: (i) Health Employees Superannuation Trust of Australia (HESTA); (ii) any superannuation fund to which the employer was making superannuation contributions for the benefit of its employees before 12 September 2008, provided the superannuation fund is an eligible choice fund and is a fund that offers a MySuper product or is an exempt public sector scheme.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Salary Scales ‌ 2.5.1 Effective from 1 January 2024, and subject to the Remuneration provisions in the Terms of Settlement, a 4% increase will apply to all paid and printed rates. The following Allied Divisions shall refer to the applicable schedules for their scales: MIT, UCOL and Otago. 2.5.2 Effective from 1 January 2025, kaimahi will be translated into the following salary scale, which includes the 4% salary increase: Band Step (N/A for UCOL and TOPNZ) Scale Scale 2025 (4%) 40 hours Band Step(N/A for UCOL and TOPNZ Scale 2025 (4%) Scale 2025 (4%)

  • Standard Company Benefits Executive shall be entitled to participate in all employee benefit programs for which Executive is eligible under the terms and conditions of the benefit plans that may be in effect from time to time and provided by the Company to its employees. The Company reserves the right to cancel or change the benefit plans or programs it offers to its employees at any time.

  • 401(k) Plan Executive shall be entitled to participate in the Company’s 401K plan in accordance with its terms and conditions.

  • Travel Allowance 18.01 The existing Board travel allowance shall be paid to an Occasional Teacher. This shall only apply when replacing an itinerant teacher.

  • Travel Allowances There shall be no payments for travel expenses, travel time, subsistence allowance or other such reimbursements or special pay except as expressly set forth in this Agreement.

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