Superannuation is a form of remuneration whereby some percentage of a staff member's total remuneration is set aside to act as retirement income.

There are two types of superannuation: 'non-contributory', where only the University makes contributions on the staff member's behalf; and 'contributory' where both the University and the staff member contribute.

Contributory membership of UniSuper is a compulsory condition of employment at UTS for new stafff appointed on a continuing basis or fixed-term contract of greater than 12 months.

Contributory membership of UniSuper is optional for part-time staff who work between 20% and 49% of full-time. Casual staff and staff appointed on a fixed-term contract of less than 12 months are not eligible for contributory superannuation. The University contributes 9% of salary to the UniSuper Award Plus Plan (APP) for those staff who are non-contributory members of

Some new staff who are current members of the State Supperannuation Scheme (SSS) or the State Authorities Superannuation Scheme (SASS) may continue their membership of that scheme. See below for further information regarding these schemes - SSS and SASS.

If staff are unsure of the best option available for them in relation to superannuation UTS recommends that you seek independent financial advice.

UniSuper

Compulsory Contribution to the Defined Benefit Plan (DBP) or Investment Choice Plan (ICP) 

Membership in UniSuper is as follows for those staff who are on a continuing appointment or on contracts of greater than 12 months' duration, including part-time staff who work50% or greater of full-time.

• Academic Staff
  
  Staff contribution is compulsory at 7% of gross annual salary and 14% of gross annual salary for employer contributions.
  
• Support Staff

Salary Level 5 and above

Staff contribution is compulsory at 7% full rate of gross annual salary and 14 % of gross annual salary for employer contributions.

Salary Levels 3-4

Contribution is compulsory but staff may choose to contribute either at half rate (3.5%) or at full rate (7%)

Salary Levels 1-2

Staff contribution is not compulsory but staff can elect to join at half or full rates.

Staff contributions are deducted each fortnight from salary. UTS' superannuation contribution is double the staff members' contribution.

For further information on the Defined Benefit Plan or Investment Choice Plan or on UniSuper generally please refer to the UniSuper website.

Award Plus Plan

Staff who are contributing to UniSuper also receive a further 3% employer award contribution in addition to the employer contribution of 14% (7% for half rate contributors) paid into the UniSuper Award Plus Plan (APP).

The conditions contained in the Certified Agreement (Senior Staff Group) 2004 and the Enterprise Agreement (Support Staff) 2004 allow for staff who make compulsory contributions to UniSuper to choose to forego the above 3% employer award contribution and instead receive a 3% salary loading. For further information please see the Superannuation Flexibility Factsheet or contact the Superannuation area on 9514 2845 or 9514 2853.  

Staff on fixed-term contracts of less than one year and staff appointed to casual employment are not eligible to make contributions to UniSuper. The University will contribute 9% to the fund on their behalf.

For further information on the Award Plus Plan please refer to the UniSuper website. 

Further information can be obtained from the Superannuation Guidelines, the Superannuation and Fixed-term Academic Management Position Factsheet or by contacting the Superannuation area on either 9514 2845 or 9514 2853.  

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Current Members of SSS and SASS

Staff who are current members of SSS (State Superannuation Scheme) and SASS (State Authorities Superannuation Scheme) can continue their membership of that scheme (NB these schemes are both closed, so no new memberships are available).

SSS and SASS are administered by Pillar Administration.

The University contributes 17% of a staff members salary to these two funds. Any additional payments above ordinary working hours such as higher duties, salary supplementation and casual lecturing payments attract an employer contribution of 9% on these additional payments.

The policies of these two old funds stipulate that the 9% employer contribution can only be paid into UniSuper. In most cases members of SSS and SASS may therefore also have membership with UniSuper.

For information on contributions and other related matters, current members of these schemes can refer to the following websites:

State Superannuation Scheme (SSS)
State Authorities Superannuation Scheme (SASS)

Further information can be obtained from the Superannuation Guidelines, the Superannuation and Fixed-term Academic Management Position Factsheet or by contacting the Superannuation area on either 9514 2845 or 9514 2853.      

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