Info for Energy members Re EISS super scheme

The following documents have been posted in response to concerns raised by a number of members as to how their pension related entitlements have been calculated by Energy Industry Superannuation Scheme and other concerns they have had with the Scheme.

Paper: Taxation Experience of the Electricity Industry Superannuation Scheme (EISS) 1 July 2000-30 June 2007

Author: Raymond (Ray) J.S. Hickman, Ph.D., Diploma of Superannuation Management

About the author: Ray is a retired academic and is a superannuant of the South Australian Superannuation Scheme. During retirement he has been involved in representing the interests of members of public sector defined benefit pension schemes at State and Federal levels. A substantial interest that Ray has had is the taxation status of the State Pension Scheme, and consequences for members should the scheme cease its constitutional protection. To acquire technical superannuation knowledge Ray enrolled in, and completed, the Diploma of Superannuation Management which is offered by the Association of Superannuation Funds of Australia (ASFA) in cooperation with Macquarie University. He was the national prize-winner for two units of the Diploma including the unit Defined Benefit Funds.

Please note:, Ray does not claim to be a recognized authority on the tax consequences of a superannuation fund ceasing constitutional protection and what follows should be viewed as a scholarly document, the merit of which readers should judge for themselves. It has been written for the purpose of assisting people to understand the effects of a change in taxation status on their pensions.

Ray via the ASU provided the Chairman of the Electricity Industry Superannuation Scheme (EISS) Board with an equivalent version of the document and an invitation to point out any significant errors it contained. Ray also asked the EISS Chairman to indicate if he had any objection to the document being made available to interested persons. In the interests of balance the response that we have now received from EISS can be found below.

For ease of printing specific pages contents listing is: Pages 1-13 Ray Hickman Paper 14-15 EISS Chairman Response Letter 16-19 SCT Complaint Form

Download File:
19 Page -Paper, includes EISS response and complaint application form [ pdf ]

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