Most University staff are members of UniSuper. There are 3 plans within UniSuper:
The University offers generous UniSuper contribution provisions.
The UniSuper scheme is administered by UniSuper Management Pty Ltd, whose principal office is situated in Melbourne.
The University's Superannuation Officer is Sandra Lyons. Sandra can be contacted on +61 3 6324 3156.
Sandra is based at the Newnham campus.
The functions of the UniSuper Consultative Committee are to:
The current University of Tasmania members of the Committee are:
Staff who are members of UniSuper's Defined Benefit Division or Accumulation 2 can elect to forego the 3% employer contribution to the UniSuper Accumulation Account and instead receive 3% non-superannuable salary loading. As stated in the UniSuper Consolidated Trust Deed, undertaking this entitlement is only possible if one of the following employee contribution rates is maintained:
Before tax contribution rate
After tax contribution rate
A 2.55% employee contribution rate must be made to be eligible to receive the 3% non-superannuable loading. Employees who have elected an employee contribution rate less than 2.55% are not eligible to receive the 3% non-superannuable salary loading.
Further information on contribution flexibility can be found in the Product Disclosure Statements: Defined Benefit Division and Accumulation 2 members and in the UniSuper Contribution Flexibility Fact Sheet for members receiving 14% Employer contributions.
Should you wish to exercise this option and are eligible to do so, download the form (PDF 97.8KB) to be completed and returned to the Superannuation Officer.
The University made a decision to pay employer superannuation contributions at the rate of nine per cent of a casual employee's gross pay (or such higher amount as may be required in future by the Superannuation Guarantee (Administration) Act 1992) without application of the age limits or the $450 per calendar month minimum threshold included in the Act from 1 July 2009.
The UTAS Enterprise Agreements require that casual staff become members of the UniSuper Superannuation Fund (without the choice of other funds). All employer and voluntary employee contributions will therefore be made into UniSuper.
The UniSuper benefit can subsequently be transferred to another fund once employment with the University has ceased.
Please contact the Superannuation Officer, Sandra Lyons (+61 3 6324 3156) should you have any further questions in relation to Superannuation.
For the 2012/13 and 2013/14 financial years, the $25,000 per annum concessional contributions cap will apply to everyone contributing to super, regardless of age or account balance. The concessional contributions cap is the amount of contributions that can be made into a superannuation fund in a financial year at the tax rate of 15%.
Authorised by the Director, Human Resources
13 January, 2014