1978 Staff Handbook

The 1978 Staff handbook confirms that in 1978:

  • The Member’s Contribution Rate was 5% of the Member’s Salary, and
  • The Employer’s Contribution Rate was 12.2% of total Salaries

The Employer’s Contribution Rate is determined by period actuarial reviews by the Fund Actuary.

Therefore the combined contribution rate was 17.2% ┬áin 1978 which was over four times the initial 4% “Superannuation Guarantee” rate introduced in over a decade later 1992 when superannuation was made compulsory for all working Australians by the Keating Government.

    1978 Staff Handbook 1978 Staff Handbbook #1 1978 Staff Manual p6