Pensions - Global News Item: Superannuation changes to go into effect
5/6/2008 11:45:20 AM
As of July 1, 2008, all employers must provide superannuation support of at least 9 percent per employee’s “notional earnings base.” In addition, all superannuation funds must provide a minimum level of death insurance to members who have joined it by default. Although employers have been preparing to meet these requirements for some time, many are taking another look at their plans now that the deadline is drawing near. [AUSTRALIA]...full article