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ACT Labor Govt breaks SG nexus
People joining the ACT Public Service will find themselves receiving the flat 9 per cent superannuation guarantee, as a result of the territory’s Budget handed down this week.
ACT Chief Minister and Treasurer Jon Stanhope earned the ire of the major public service unions on Wednesday 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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