Volume 2 of the Auditor-General's 2001 Report to Parliament identified the need for agencies to improve compliance with NSW superannuation legislation. Agencies are required to undertake monthly reconciliations between superannuation contributions invoiced and the amounts actually deducted from employees' salaries and wages.

 

The Report identified reconciliation problems in a number of agencies with respect to the following schemes: the State Authorities Superannuation Scheme (SASS); the State Superannuation Scheme (SSS); the Police Superannuation Scheme (PSS); and the State Authorities Non-contributory Superannuation Scheme (SANCS).

 

Agencies are encouraged to: ensure that relevant staff receive regular training on superannuation legislation requirements (see information on Workshops being offered by the Trustee and Pillar Administration below). improve accounting systems and software applications where necessary. take advantage of assistance offered by Pillar and the Trustee including: employer guides (available from Pillar or the employer area of State Super's website - http://www.statesuper.nsw.gov.au); annual conferences for payroll staff; telephone help desk for employers; Employer Relationship Managers who will visit agencies and train new employee contacts; and on-line data transfer mechanisms for agencies to send member contribution data to Pillar.

 

Information on your agency's accounts can be obtained from Pillar's Employer Relationship Managers: ERM Name Contact Number Agencies Ann McGee 9238 5275 Government Trading Enterprises, Police and  Universities Phil Jones 9238 5282 Education and Public ServiceMichael Foreman 9238 5760 Energy Industries, Health, Local Government, Rural Land Protection Boards and Waste, Planning and Management Boards Other queries can be directed to Stephen Sefton, FSS and SAS Trustee Corporation, 9238 2515. The Auditor General proposes to conduct the next review in 2003. SASS Reconciliations Workshop

 

The SAS Trustee Corporation, in conjunction with Pillar Administration, has organised a workshop to assist your agency with meeting its superannuation obligations. The workshop will focus on the invoicing and reconciliation process for the State Authorities Superannuation Scheme (SASS). I encourage you to bring this information to the attention of relevant staff in your agency.

 

Program: 9:30 to 9:50 AM Lyn Gearing, CEO State Super on investment outlook for State Super 9:50 to 10:30 AM SASS reconciliations: Providing documentation to Pillar Resulting invoice adjustments 10:30 to 11:00 AM Morning Tea11:00 to 11:45 AM Detailed examination of the invoice and reconciliation process11:45 to Noon Question and answer session Dates: 26 or 27 November 2002. Venue: The Lang Room, Level 1, Corus Hotel, Corner Margaret and York Streets, Sydney (near Wynyard Station)

 

C. Gellatly

Director-General