Superannuation definition

Superannuation. , in relation to an employee, means the attainment by the employee of such age as is fixed in the contract or conditions of service, as the age on the attainment of which the employee shall vacate the employment:

Superannuation means contributions made in accordance with the Superannuation Guarantee (Administration) Act 1992;

Superannuation is the compulsory Employer contribution governed by superannuation legislation, as varied from time to time, and placed into a complying superannuation fund by the Employer on behalf of the Employee. Superannuation is paid in addition to the Base Rate.

Examples of Superannuation in a sentence

• Pro rata Long Service Leave will be paid after 5 years of service.• Appropriate assistance with placement outside the company will be offered.• Superannuation will be paid on termination in accordance with the fund rules.• Severance payment will be calculated on base salary only.• Years of service include unbroken service as a full time or part time employee of Orica.

• Company’s contribution towards Superannuation Fund: Such contribution shall not exceed 15% of the salary or such other rate as may be laid down in the Income Tax Rules, 1962 from time to time.

• This is different to a contribution in respect of membership of a Spouses’ and Children’s scheme, or the Additional Superannuation Contributions (ASC).

• Head of Supply Chain Management, The Public Service Superannuation Fund, Bima House Building,11th Floor, Harambee Avenue,P.

• Superannuation and Retirement The successful candidate will be offered the appropriate superannuation terms and conditions as prevailing in the Civil Service at the time of being offered an appointment.

More Definitions of Superannuation

Superannuation means a system under Australian law where by employers are required to make contributions to an approved fund in order to provide for the employee’s retirement, or at the death of this employee;

Superannuation in relation to an employee, means the attainment by the employee of the age of superannuation as per notified Rules of the Corporation and as per the terms of employment applicable to him. In case of Functional Directors and CMD, it will mean the date till when their contract of employment is valid / in force.

Superannuation means where a Participant’s employment with the Company is terminated due to his/her death, serious disability or serious incapacity;

Superannuation means termination of the services of an employee by the employer when the employee reaches the age of sixty years or such other age, if any, fixed in the contract of service;

Superannuation means in respect of each employee the date on which he attains the age of 58 years.

Superannuation means the retirement of an employee after the attainment of such age as prescribed by the Statutory Authority.

Superannuation means the annual minimum Employer contribution referred to in clause 6.3 of this Agreement to the designated approved Superannuation fund, currently set at 9% of base salary;