Member Contributions

The occupational pension trust established on the 23 December 1913 in the State of South Australia is a contributory pension fund.

Regulation 4 in the original Trust Deed prescribed a Member contribution rate of 2.5% of salary.

The Member contribution rate was periodically increased to assist in funding the improvement to benefits that were also periodically increased.

Regulation 25 in the consolidation Deed of Variation dated 6 May 1958 prescribed a Member contribution rate of 5% of salary effective from 1 February 1957.

It was a typical practice to confirm the 5% Member contribution rate in employees’ Contracts of Employment which also confirmed their entitlement to become a members of the fund after a qualifying period of employment.

Member Contributions in Excess of 5%

The Member Contribution rate was not increased above 5% in any subsequent Deeds of Variation.

However to cover-up the theft on monies from the Trust Estate of the fund the Member Contribution rate was increased to around 15% of “salary” {or 18% of “cash salary”}

Therefore Members were making contributions of around three times the prescribed rate in order to receive a benefit that was typically worth 20% or less than the lawful entitlement.


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