Superannuation: your new freedom to choose.
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Most Australian employees can now choose the fund into which their employer deposits their 9% Superannuation Guarantee (SG) contributions, and this choice is soon to be introduced for WA State Government employees.
In February 2009 the Treasurer, the Hon Troy Buswell, made an announcement about Choice of Super.
Currently, in most cases, State Government employer super contributions have to be paid into GESB.
Once choice is introduced, you will be able to choose another super fund or remain with GESB.
If you don't make a choice, your employer super contributions will be paid into the fund chosen by your employer. GESB is the employer (or default) fund for most State Goverment employees.
If you don't make a choice, your employer super contributions will be paid into the fund chosen by your employer. GESB is the employer (or default) fund for most State Goverment employees.
If you are unsure of your employer's current default fund you should contact your HR Officer.
This website explains, for employees and employers, how the changes will affect you.
