1 general conditions of employment - Department of Education and ...

9 SUPERANNUATION9.5.6 CHOICE OF SUPERANNUATION FUNDSSalary sacrifice contributions can be made to First State Super (FSS), or any complying privatesuperannuation fund under the Commonwealth Superannuation Guarantee Charge Act 1992and the Commonwealth Superannuation Guarantee (Administration) Act 1992. Staff will need toconfirm with a fund other than FSS that it is a complying fund and include the fund’s compliancenumber on the application to enter the salary sacrifice to superannuation scheme. Salarysacrifice payments may only be made to one fund, not multiple funds.9.5.7 AMOUNT OF SALARY WHICH MAY BE SACRIFICED TO SUPERANNUATION9.5.7.1 Up to 30% of a staff member’s superannuable salary may be sacrificed tosuperannuation. This limit has been set by the Premier’s Department. Part-time staffmay sacrifice up to 30% of their pro-rata superannuable salary.9.5.7.2 To determine current superannuable salary, staff need to contact the superannuationscheme to which their employer superannuation contributions are made.9.5.7.3 For State Superannuation Scheme (SSS, also known as SSF) and State AuthoritiesSuperannuation Scheme (SASS) members, the superannuable salary is that lastadvised to State Super. Contact the State Super Advisory Service or alternatively youcan contact the Salary Packaging Unit, Blacktown State Office on (02) 9836 9808 or(02) 9836 9013.9.5.7.4 For contributors to FSS or any other complying fund, the superannuable salary is thecurrent substantive base salary excluding allowances, such as an allowance paid iftemporarily appointed to a higher position.9.5.8 EFFECT ON SSS OR SASS CONTRIBUTIONS OR ENTITLEMENTSNormal superannuation contributions to, and benefits from, these schemes are not reduced bysalary sacrifice to superannuation.9.5.9 EFFECT ON NET PAYNet pay will be reduced, as salary sacrifice to superannuation contributions are made from thegross, or pre-tax, pay.9.5.10 EMPLOYER SUPERANNUATION GUARANTEE CONTRIBUTIONSAll employers must comply with the superannuation guarantee contribution laws which requireemployer contributions of 7% of salary as from 1 July 1998. Salary sacrifice by a staff memberwill not reduce those contributions by the employer, which continue to be calculated on thesame basis as before commencing salary sacrifice to superannuation contributions.9.5.11 EFFECT ON OTHER EMPLOYMENT BENEFITSOther employment benefits include overtime, shift penalties or other allowances includingannual leave loading will be paid on the same basis as before you sacrificed salary tosuperannuation.Handbook for non teaching staff in schools Page 9 − 15