Superannuation
13 Superannuation
The Company must not establish a superannuation scheme after the commencement day specified in the Public Sector Superannuation Reform Act 1999.
The Company must comply with any instruction relating to superannuation given to it by the Minister responsible for the administration of the Public Sector Superannuation Reform Act 2016.
The Company must make adequate provision to meet its liability under the Public Sector Superannuation Reform Act 2016 to pay pension and other benefits in respect of – all MTT employees; and any of its employees who are members of a superannuation scheme referred to in subsection (1); and all former employees of the Trust.
Where an MTT employee is a member of a scheme established or maintained by the Trust before the commencement day specified in the Public Sector Superannuation Reform Act 1999, nothing in this Act affects his or her entitlements as such a member.
This Act’s bill:Second reading speech
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