Employer Induction - Understanding salary and super

Defined Benefit Scheme (Div D)

The Rules concerning the calculation of Superable Salary are found in Schedule 4 of the Trust Deed, (Rules 1.2 and 1.3), which can be accessed on the Scheme's website. Superable salary is very similar to Div B and includes the base pre-tax salary actually paid to an employee, plus allowances included in termination pay, plus shift loadings, plus weekly workers compensation, plus approved employment benefits.

Employers are required to advise the superable salaries being paid on the Annual Review Day (ARD) which determine the contribution rate payable, occurring from the first pay day on or after the Annual Adjustment Day (AAD) as follows:

Month of Birth	Annual Review Day	Annual Adjustment Day
January to June	28 July	21 October
July to December	9 February	5 May

Employers are required to provide OTE salaries as at 30 June each year.

Further information can also be found in the Employer Handbook.

Energy Industries Superannuation Scheme Pty Limited ABN 72077947285
Pool A ABN 22277243559 | Pool B ABN 64322090181
Personal advice is provided by FuturePlus Financial Services Pty Limited | ABN 90080972630 | AFSL Number 238445

This website has information about particular superannuation products offered under the Energy Industries Superannuation Scheme (EISS) for members and prospective members. The issuer of the superannuation fund interest is Energy Industries Superannuation Scheme Pty Limited, the trustee of EISS. In some circumstances, the seller of a superannuation product in relation to EISS will be a financial planner or another person associated with the trustee's service provider, FuturePlus Financial Services Pty Limited. The relevant Product Disclosure Statements (PDS) are available on the website or by contacting Member Services on 1300 369 901. You should consider the relevant PDS in deciding whether to acquire, or continue to hold the superannuation product.