AIMPE

SUPERANNUATION

(updated 07 02 17)

The MOST fund

The Maritime Officers Superannuation Trust [MOST] is an accumulation style superannuation fund set up by AIMPE in 1990 specifically to provide for casual officers who, prior to that time, were not entitled to any superannuation. MOST originated in the Shipping sector and was then extended to the Offshore Oil and Gas sector.

Contribution rates were originally uniform for all MOST members and were struck at 13% [company] and 5% [member] contributions of an average rate of pay for 3/E on blue-water ships. In recent years many Enterprise Agreements have been negotiated with companies to provide contributions based on actual salary [not the average 3/E figure] and in some cases at higher levels of company contributions.

MOST originally carried insurance cover for Death, Total and Permanent Disablement and Temporary Disablement however this proved too expensive and the Temporary Disablement cover was eliminated. MOST members are automatically covered for Death and TPD but if desired may opt out of this cover – by notifying the Administrator in writing.

MOST is now incorporated within the AMP’s CustomSuper master trust. CustomSuper provide a website which enables members to set up online access to their accounts. To register, MOST members should go to AMP Superannuation and enter the MyPortfolio section to register.

MOST fund members can take advantage of personal superannuation advice from Finergy Solutions - just use the information on the following link:

Contact_Finergy_solutions_for_superannuation_advice.pdf Contact_Finergy_solutions_for_superannuation_advice.pdf (5.40 MB Tue Feb 7 16:15:33 2017)

The MODIF fund

The Maritime Officers Dredging Industry Fund (MODIF) is an accumulation fund similar in nature to the MOST fund. MODIF pre-dated the MOST plan by many years. MODIF has only a relatively few members.

Like MOST, MODIF is managed within AMP's CustomSuper master trust.

MODIF fund members can take advantage of personal superannuation advice from Finergy Solutions - just use the information on the following link:

Contact_Finergy_solutions_for_superannuation_advice.pdf Contact_Finergy_solutions_for_superannuation_advice.pdf (5.40 MB Tue Feb 7 16:15:33 2017)

The AIMPE fund

The AIMPE Superannuation Plan has a history which goes back many decades. It was in part established to cover employers which did not want to operate superannuation funds for their employees. The AIMPE fund also applied to AIMPE employees.

Originally the AIMPE fund was a Defined Benefit scheme with benefits caculated on a formula taking into account length of membership of the fund and final average salary. The Defined Benefit section of the fund is now closed to new members and the majority of members of this fund are now in the accumulation section which is similar to MOST.

The AIMPE fund is now part of the "SignatureSuper" scheme.

Superannuation Advice

AIMPE has engaged with the Finergy Solutions company to provide members of the three funds with financial advice.

Members can take advantage of personal superannuation advice from Finergy Solutions - just use the information on the following link:

Contact_Finergy_solutions_for_superannuation_advice.pdf Contact_Finergy_solutions_for_superannuation_advice.pdf (5.40 MB Tue Feb 7 16:15:33 2017)

In addition, Finergy has provided information sheets on the following subjects:

Superannuation contribution limits Finergy_Superannuation_contribution_limits.pdf Finergy_Superannuation_contribution_limits.pdf (553.75 KB)

(Note new contribution limits will apply from 1 July 2017)

Nomination of beneficiariesFinergy_Nominating_a_beneficiary.pdf Finergy_Nominating_a_beneficiary.pdf (2.95 MB)

Salary sacrificeFinergy_Pay_your_super_before_you_pay_your_tax.pdf Finergy_Pay_your_super_before_you_pay_your_tax.pdf (402.89 KB)

Consolidation of superannuationFinergy_Consolidate_your_super_.pdf Finergy_Consolidate_your_super_.pdf (1.99 MB)

InsuranceFinergy_Insurance.pdf Finergy_Insurance.pdf (2.96 MB)

Co-contributions for low income earnersFinergy_Boost_your_super_with_the_government_co-contribution.pdf Finergy_Boost_your_super_with_the_government_co-contribution.pdf (2.04 MB)

CONTACTS

Finergy can be contacted at:

enquiry@finergy.com.au
or 1300 071 540

The contact person at AMP is Wendy Ho:

Wendy_Ho@amp.com.au

The toll free number for AMP is 1300 653 456


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