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Ansett workers' long wait for super nearly over
After waiting nearly a decade, former employees of the failed airline Ansett Australia will soon receive distribution statements regarding their superannuation entitlements.
The trustees, Mercer Investment Nominees, will be issuing a distribution statement to members of the Ansett Residual Superannuation Fund in the next six to eight weeks.
Assistant Treasurer and Minister for Superannuation, Bill Shorten, said the statements will provide clarity to some 11,000 members by giving them an indication of the amount they are likely to receive and the timing of the winding-up process.
“Finally, Ansett workers will know how much they can expect and when they can expect it,” Shorten said.
At 1 July 2010 there was $17.5 million in the fund, which Shorten said has remained invested on behalf of members and, to date, has achieved a positive return since then.
The latest value of the fund’s assets, minus remaining member disablement claims and costs, will be distributed to members, he said.
The Ansett Residual Superannuation Fund was established in 2004 by the former trustees of the Ansett Australia Ground Staff Superannuation Plan and the Ansett Australia Flight Attendants Superannuation Plan to pay outstanding death and disablement claims before distributing the remaining assets to members.
AUTHOR
Ashleigh McIntyre
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