Home' Army News : July 18th 2013 Contents MOUNT MARGARET
THE PLACE FOR SPACE
Wa nting more space for a real lifestyle, big house,
pool, shed, car, boat AND a yard? Well, at Mount
Margaret you don’t need to choose – you’ ll have space for
At Mount Margaret, To wnsville’s DEDICATED big-block
estate, all lots are at least 4 times bigger than those in town
and a minimum of 2,000m2 (half an acre) in size.
With other estates in To wnsville commonly around
$340/m2, the first stage of Mount Margaret offers
unrivalled value at ONLY $80/m2 - particularly for
those that want to enjoy real North Queensland living.
Only 10 minutes from town, Mount Margaret will have
access to all the facilities – boasting walking trails, picnic
areas, access to the Alice River, tennis courts, a convenience
store, school buses and childcare.
Selling now, come out to take a look at what lifestyle Mount
Margaret can offer you!
Just follow the signs at Rupertswood.
Stage 1 Now Selling
For sales or development enquiries, please
contact Rod To me, Sales Manager
0409 722 627 or email
Army July 18, 2013
RECENT news headlines regard-
ing superannuation in general has
prompted me to request further
information relating to Maximum
Benefit Limits (MBL).
It is now over 12 months since I
reached my MBL. I acknowledge that
I have had the choice to commence
paying into a non-military super fund
but my concern is that as a serving
military member (over 33 years) and
still willing to serve and contribute to
my MSBS, I am unable to as a result
of existing regulations.
I also acknowledge that not being
able to contribute to the military
super negates any pre-MBL fortnight-
ly contributions by the employer. My
understanding is that my employer
will not contribute to any superannua-
tion fund outside Military Super.
If I had been able to contribute to
my Military Super at 5 per cent over
the past 12 months, my understanding
is employer superannuation contribu-
tions would have totalled approxi-
mately $3464.50 ($133.25 per fort-
night), based on my last contribution
on March 29, 2012 being $222.08 per
I would appreciate being
advised whether the Directorate of
Superannuation Policy is continu-
ing to work with Government in this
space as it purports to be and wheth-
er there are likely to be any future
reforms in this area.
Personally, it is frustrating
and irks me to the core that when
Government strongly encourages
individuals to contribute to their
superannuation fund; I am unable to
contribute to my military super fund
with the benefit of receiving employ-
I am also disappointed that there
appears to be no one to actively
champion this cause.
Maj Graham Hales
21 Const Regt
Paul Morrow, Assistant Director Military
MAJ Hales acknowledges that as
a result of his reaching his pension
Maximum Benefit Limit, Defence
does not make a 3 per cent productiv-
ity contribution for him each fortnight
because he is not contributing to the
Military Superannuation and Benefits
However, an important missing
component to this discussion is that
productivity contributions are not paid
as a separate MSB benefit; they form
part of the total employer benefit.
The Directorate of Military
Remuneration now has responsibility
for military superannuation policy. At
this stage Military Remuneration is
not actively pursuing any proposals
with Government for change to the
maximum benefit arrangements in the
Maximum Benefit Limits
Super struggle at the limit
Maximum Benefit Limits put a cap on employer superannuation contributions for long-serving members
effectively cap the amount the
employer is ultimately required to pay.
It is important to note that MSB
Scheme members’ employer benefit
continues to grow in line with increas-
es in a member’s final average salary
and also with indexed increases in the
actual maximum benefit limits.
Maximum Benefit Limits exist
in each of the Commonwealth
Superannuation Scheme, the Public
Sector Superannuation Scheme and
the Defence Force Retirement and
Death Benefits (DFRDB) scheme.
Any proposals for changes to the
maximum benefit arrangements in
the MSB Scheme, which could have
implications on the manner in which
MSB operates and the benefits avail-
able, would also need to take account
of arrangements in these other
schemes for Government employees
and members of the ADF.
Most of those MSB Scheme
members who have reached their
Maximum Benefit Limit are long-
serving members who received gener-
ous transfer values when they trans-
ferred from the DFRDB scheme to
the MSB Scheme in 1991 (for exam-
ple, the annual rate of interest attrib-
uted to DFRDB contributions made
before transfer averaged 12.98 per
cent for contributions made between
1980 and 1992).
Those members who did transfer
should have been aware of the MSB
maximum benefit arrangements in
place prior to transfer.
At the peak:
Limits are a common
feature of military
and public service
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