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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'>Just attended a briefing from Vicsuper. Some points.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'>. Vicsuper
is the default fund for all DET employees – central, local, crts etc.
No-one is liable if Vicsuper don’t make money. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'>. Anyone
employed for a continuous period of 28 calendar days is entitled to a choice of
funds. (with some exceptions)<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'>. Anyone
in the New, Revised or GSO based funds is NOT entitled to a choice –
legislated this way because if they all changed the govt would have to find $14
Billion. Their fund is not based on interest rates and investment returns
anyway so yhety are guaranteed a good return based on final average salary and
a multiple. A lot don’t realise that.<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'>. Centrally
paid employees will receive a choice of funds form sent to them by DET.
We don’t have to do anything.<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'>. Locally
paid staff who have a continuous employment base even if it is casual rates –
get a choice. E.g. I employ canteen staff on casual wages so they will
get a choice. i.e. each term is longer than 28 days.<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'>. You
are only obliged to accept a choice of form once per year (September) –
you can accept more often if you want.<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'>Anyone employed
on the central payroll currently with SG contributions going to Vicsuper is
eligible but will be looked after by DET sending the letter. <o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'>Any new staff
employed (central payroll) will need to be given a choice of funds form in
their employment pack (along with TFN dec, direct deposit etc.)<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'>We will have a
new box in HRMS Job data 1 that we enter a date that the form was given to the
employee.<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-left:36.0pt;text-indent:-36.0pt'><font size=2
color=navy face=Arial><span style='font-size:10.0pt;color:navy'>I believe a
circular will come out before the end of term.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'>Unless anyone has a lot of people on local payroll there is nothing
to fear.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'>GO to a Vicsuper briefing if you can they make everything
very clear. Ring Melanie Warton at Vicsuper if you need help otherwise.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'>Ross McDonald<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'>Mooroopna Secondary College<o:p></o:p></span></font></p>
<div>
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face="Times New Roman"><span lang=EN-US style='font-size:12.0pt;font-family:
"Times New Roman"'>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span lang=EN-US
style='font-size:10.0pt;font-family:Tahoma;font-weight:bold'>From:</span></font></b><font
size=2 face=Tahoma><span lang=EN-US style='font-size:10.0pt;font-family:Tahoma'>
busmanagers-bounces@edulists.com.au
[mailto:busmanagers-bounces@edulists.com.au] <b><span style='font-weight:bold'>On
Behalf Of </span></b>Hastings, Janet F<br>
<b><span style='font-weight:bold'>Sent:</span></b> Friday, 17 June 2005 12:11
PM<br>
<b><span style='font-weight:bold'>To:</span></b> <st1:PersonName w:st="on">Business
Managers' Mailing List</st1:PersonName><br>
<b><span style='font-weight:bold'>Subject:</span></b> [Busmanagers] Super Funds</span></font><font
face="Times New Roman"><span lang=EN-US style='font-family:"Times New Roman"'><o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt'>Have
any of you heard anything about what we do re super plans for new staff
starting after the hols? I don’t recall seeing anything about it
yet from DET, but wondering if I have missed it. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><b><i><font size=6 color="#333399" face="French Script MT"><span
style='font-size:24.0pt;font-family:"French Script MT";color:#333399;
font-weight:bold;font-style:italic'>Jan Hastings<o:p></o:p></span></font></i></b></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt'>Business
Manager</span></font><font face="Times New Roman"><span style='font-family:
"Times New Roman"'><o:p></o:p></span></font></p>
<p class=MsoNormal><st1:place w:st="on"><st1:PlaceName w:st="on"><font size=3
face=Arial><span style='font-size:12.0pt'>Rowville</span></font></st1:PlaceName>
<st1:PlaceType w:st="on">Primary School</st1:PlaceType></st1:place><o:p></o:p></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt'>Phone:
9764-1955<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt'>Fax:
9763-8658<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt'><o:p> </o:p></span></font></p>
<p><b><font size=3 face="Times New Roman"><span style='font-size:12.0pt;
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<p></p><p><b>Important - </b>This email and any attachments may be confidential. If received in error, please contact us and delete all copies. Before opening or using attachments check them for viruses and defects. Regardless of any loss, damage or consequence, whether caused by the negligence of the sender or not, resulting directly or indirectly from the use of any attached files our liability is limited to resupplying any affected attachments. Any representations or opinions expressed are those of the individual sender, and not necessarily those of the Department of Education & Training.</body>
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