Superannuation
All employees at the University are entitlted to superannuation benefits. Under the current Enterprise Bargaining (EB) Agreement, the University contributes to Unisuper the superannuation fund that is dedicated exclusively to employees who work in the higher education and research sector.
Defined Benefit Division and Accumulation Super (2) (previously DBP/ICP)
Full-time and part-time (50% or more) staff appointed for an initial period of two years or more and whose salaries are funded from the University recurrent funding are required to join the Defined Benefit Division and Accumulation Super (2) as a condition of their employment.
The employer contribution rate is 17 % of a member's gross salary.
The standard rate of member contributions is 7%. From 1 July 2006, members can elect to reduce the level of member contributions to 4.45%, 4%, 3%, 2%, 1% or 0%.
Accumulation Super (1) (Previously Award Plus Plan -APP)
The Accumulation Super (1) accepts the contributions the University is required to make for staff under the Federal Government Superannuation Guarantee legislation. Employees who do not qualify for membership of DBD and Accumulation (2) will have 9% of their annual salary contributed by the University to Accumulation Super (1) as part of the Superannuation Guarantee. There is no compulsory member contribution to this plan.
Superannuation Entitlements for Casual Employees
Staff who are defined by the University as casual employees are eligible for Accumulation Super (1) benefits provided that;
- in the case of Academic Staff, the staff member earns at least $ 2,135 in each half year (ending June/December);
- or in the case of General Staff, the staff member works at least 100 hours in each half year (ending June/December).
Please contact our Superannuation Team for further information.
UniSuper Seminar Program
UniSuper runs a national seminar program for all members. Further information and online registration is now available at: http://www.unisuper.com.au/resources/seminars.cfm.