UniSuper
UniSuper is the industry fund dedicated exclusively to all who work in the Australian higher education & research sector.
About My Super
Your UniSuper membership gives you the option and features to help build and manage your super throughout your working life and into retirement. Your membership is also portable across the higher education and research sector, so you can stay with UniSuper throughout your career.
Super Seminars
UniSuper runs free seminars for members throughout the year which cover a range of topics.
Defined Benefit Division and Accumulation (2) Super
A 17% Employer Contribution applies as follows:
- Fixed-term contract staff on a 50% or more service fraction and who are continuously employed for two years or more;
- Ongoing staff with occupancies of 50% or more.
The Defined Benefit plan is a formula-based plan that guarantees a certain lump sum benefit at retirement or resignation. Final benefits are calculated using a formula that includes your age, benefit salary, years of membership with UniSuper and average service fraction. Benefits are not determined by investment returns.
Accumulation (2) Super is an accumulation plan that provides a lump sum benefit based on investment returns. Contributions are invested in your choice of one of twelve investment strategies. If you do not choose an investment strategy, contributions will be invested in the "Balanced" option which is UniSuper's current default investment strategy.
If you are a Defined Benefit member, all voluntary contributions and rollovers are deposited into Accumulation.
For further information please visit the UniSuper website: www.unisuper.com.au.
Fact sheet - Understanding how the concessional contribution cap applies to existing DBD members
Fact sheet - Understanding how the concessional contribution cap applies to Accumulation 2 members
Accumulation (1) Super
9% Employer Contribution shall be made in respect of:
- Fixed-term contract staff who have less than two years continuous service;
- Ongoing staff with occupancies of less than 50%;
- General Casual staff.
Academic Sessional Staff:
- 9% Employer Contribution will be paid for staff whose wages are $450 or more per calendar month.
- 3% Employer Contribution will be paid for staff whose wages are less than $450 per month but total $1950 or more in a six month period.
NB. From 1st January 2012, all casual/sessional employees will receive 9% Employer Contribution.
Contributions are invested in your choice of one of twelve investment strategies. If you do not choose an investment strategy, contributions will be invested in the "Balanced" option which is UniSuper's current default investment strategy.
For further information please visit the UniSuper website: www.unisuper.com.au
A World of Benefits for Staff@ECU