The University's Superannuation Officer is Sandra Lyons (extension 3156).
Sandra is based at the Newnham campus and travels regularly to the Sandy Bay campus.
Most University staff are members of UniSuper. There are 3 plans within UniSuper, the Defined Benefit Division, the Accumulation 2 Plan and the Accumulation 1 Plan.
The UniSuper scheme is administered by UniSuper Management Pty Ltd, whose principal office is situated in Melbourne.
UniSuper Consultative Committee
The functions of the UniSuper Consultative Committee are to:
a. Advise and make recommendations to the Trustee:
i. on matters of difficulty in the implementation or application of the Trust Deed;
ii. on matters concerning the provisions of the Trust Deed;
iii. on any other matters on which the Trustee requires its consent in terms of the Trust Deed.
b. Consider and if thought fit to give its consent in any matter requiring its consent in terms of the Trust Deed.
The current University of Tasmania members of the Committee are:
- University appointee - Mr Chris Smyth, Executive Director, Human Resources
- University appointee - Mr Graham Poskitt, Associate Director, Services & Systems (HR)
- Elected academic staff representative - Dr Peter Jarvis (term expires 12 October 2017)
- Elected professional staff representative - Miss Adele Kay (term expires 12 October 2017
3% Non-Superannuable Salary Loading Option instead of 3% Employer Contribution to the Accumulation Account
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, click here to access the forms to be completed and returned to the Superannuation Officer.
Superannuation for Casual Employees
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 (extension 3156) should you have any further questions in relation to Superannuation.