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ACT Govt cuts contribution
People joining the will find themselves receiving the flat 9 per cent Superannuation Guarantee, as a result of the ACT’s Budget handed down in early June.
ACT Chief Minister and Treasurer earned the ire of the major public service unions when he used the Budget to prevent all new public servants gaining more than the standard 9 per cent Superannuation Guarantee.
The change means that while existing public servants working for both the ACT and the Commonwealth will continue receiving an employer superannuation contribution of 15.4 per cent, their newly recruited colleagues will receive only the compulsory 9 per cent.
Public service unions have warned that other Government departments and agencies might emulate the ACT Government’s actions as workplace arrangements expire.
AUTHOR
Mike Taylor
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