LGS

Your obligations in detail

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Continuation of membership

Continuity for

the Accumulation Scheme (Div A) and Executive Schemes (Div E)-

  1. set-up payroll deduction
  2. obtain the membership number from the employee and include this; and
  3. include the member details on the Contribution Return Spreadsheet; and
  4. include the new employees Tax File Number.

the Retirement (Div B) and Defined Benefit (Div D) Schemes -

  1. determine if the cessation of employment from the previous employer is less than 3 months after the month in which they left their previous employer
  2. confirm if they completed a Scheme Exit - Resignation, Discharge or Dismissal form - Section 2, Continuity of membership form and included the name of the new employer on the form, and forwarded the form to LGS
  3. obtain the member number
  4. ask what percentage rate they were contributing and their previous annual superable salary.

NB: you can commence deductions from the employees pay, however, contributions are not to be remitted until such times as the Administrator has advised the correct amounts to be paid, on the monthly bill. If the member does not appear on your next bill, contact Employer Services and let them know.