Qantas chips in to meet super obligations
Qantas will make further payments totalling $66 million to cover its defined benefits obligations to the Qantas Superannuation Fund.
The company has announced to the Australian Securities Exchange that it and the fund had agreed to a revised funding plan for the defined benefits divisions to reflect the adverse performance of financial markets over recent months.
The announcement said in addition to current contributions, further payments totalling $66 million would be made by the company over the next three years.
It said the new funding plan had been prepared by an independent actuary and agreed to by the company and the trustee.
Qantas confirmed its ongoing support for the plan and said it remained in a strong financial position despite the challenging economic environment.
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