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Local Government Super Employer Newsletter Winter 2011

welcome

In the winter edition of the Employer Newsletter you’ll find links to informative articles plus some practical tips to help make your job a little easier.

Do you have an employee leaving? Notify LGS by completing an Employment Termination Advice

When an employee leaves your employment, as part of the exit process we would like you to send us an Employment Termination Advice (ETA) to notify us of their departure.
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Retirement and Defined Benefit Scheme billing changes from 1 July

From 1 July 2011, the Monthly Employer Due and Monthly BB Due amounts for the Retirement Scheme have changed, reverting to the long term ‘Notional’ contribution rate. The 4-weekly bill for Defined Benefit Scheme members has also changed.
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Come in and see us Local Government Super is committed to servicing members across NSW. That’s why we have an office in Newcastle, Wollongong, Sydney city, Wagga Wagga, Orange, Lismore and Parramatta. To visit us at one of our offices, make an appointment today! What employer superannuation contributions should be included on annual Payment Summaries

You only need to include certain contributions made for Retirement and Defined Benefit Scheme members on Payment Summaries. We’ve categorised the contributions to help you identify which ones you need to include.
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Retirement Scheme: 180 benefit point members Once a Retirement Scheme member has accrued 180 benefit points, the employer is required to pay a 6.5% award contribution which is detailed in Appendix A in the monthly bill.-

Errors and refunds of contributions

If you have made an error when remitting contributions and require a refund, you need to contact us by email.
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New member accounts

We must receive a contribution before we can create an account for a new member.
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Employers to provide details of super contributions on employee’s payslips

Starting from 1 July 2012, all employers must provide details of the employee’s super contributions on the employee’s payslip.
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Contact us, click here for contact details We want your feedback We value your feedback, so please send us your comments or suggestions on what articles you’d like to see in future newsletters by emailing employerservices@lgsuper.com.au

Issued by LGSS Pty Limited (ABN 68 078 003 497) (AFSL 383558), as Trustee for Local Government Superannuation Scheme – Pool A (ABN 74 925 979 278) and Pool B (ABN 28 901 371 321) – collectively known as Local Government Super. This document contains general information only and is not intended to be a substitute for advice. It does not take into account any individual’s or organisation’s investment objectives, financial situation or particular needs. Accordingly any individual or organisation should seek professional advice that takes account of investment objectives, financial situation, and particular needs before making a decision in relation to any of the matters covered in this document. For more information about Local Government Super, contact Member Services on 1300 369 901 or go to www.lgsuper.com.au to obtain a copy of the relevant Product Disclosure Statement pertaining to your membership.

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