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In 1992, the FLAIEU amalgamated with another union to form the present day Liquor Hospitality and Miscellaneous Union . While State Secretary, Sherry also helped establish the HostPlus Superannuation Fund, an industry superannuation fund then only for hospitality industry workers, but now a full public offer fund with over $7 billion under ...
In general people can seek early release superannuation for severe financial hardship or on compassionate grounds, such as for medical treatment not available through Medicare. Generally, superannuation benefits fall into three categories: Preserved benefits; Restricted non-preserved benefits; Unrestricted non-preserved benefits
It was the largest superannuation fund merger in Australian history. [4] On 30 April 2022, the Australia Post Superannuation Scheme (APSS) was merged into the Australian Retirement Trust. [5] In May 2022, Woolworths appointed the Australian Retirement Trust to manage its corporate superannuation services. [6]
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world's largest public pension fund. Pension funds typically have large amounts of money to invest and are the ...
In 2012, First State Super merged with Health Super, a not-for-profit superannuation fund for workers in the health care and community services sector. At the time the merger meant the combined entity was the third largest superannuation fund in Australia. [6] In 2016, First State Super acquired StatePlus for $1.1bn to boost its advice offering.