Employers
Employer Benefits
Our Fund was established to provide a tailor made transport industry super fund. We offer our Employers and Employees CHOICE, as well as a range of core benefits including:
- Our 1800 777 060 Freecall Number, connects you straight to staff who can answer any enquiry you have,
- Simple for the employer to administer,
- Paperwork needed to operate the Fund is kept to an absolute minimum,
- The option to utilise automatic banking facilities to pay members contributions,
- The option to utilise email and fax facilities to advise us of contribution details for each member.
- The opportunity to offer a group life plan to reward employees.
The Fund can only survive with the support of the Transport Industry. The more members enrolled the more benefits we are able to give all members. Support the Fund that supports the transport industry.
Please call our freecall number 1800 777 060 for any questions. We can send you comparative information on the Fund including an implementation kit and our latest employer bulletins and annual report.
Improved Insurance Options from 1 March 2012
The Trustee Board have negotiated significant improvements to the insurance options previously available to T.I.S. Fund members. These changes take affect from 1 March 2012.
A letter has been mailed to all members providing a summary of the changes, and the impact these will have on members insurance cover in the Fund. Going forward The T.I.S. Fund will provide a higher level of insurance cover as standard, together with additional insurance options designed to help employers and employees to make sure the right level of cover is held for your personal circumstances.
Further information is available in the Significant Event Notice or the Insurance Fact Sheet. Please call us on 1800 777 060 for any questions.
T.I.S. Fund Insurance?
T.I.S. Fund Insurance provides (automatic) Default Cover for Death and Total & Permanent Disablement (TPD) to members where employer contributions are received on their behalf.
Members can also apply for additional Death Cover or Death and TPD insurance cover, as well as other insurance benefits.
T.I.S. Fund Insurance assists you to provide benefits to your employees:
a) Gives employees the opportunity to protect their family in the event of death and/or events, that leave them totally and permanently unable to work in their own similar occupation;
b) The employer is seen as offering a facility by providing employees with a convenient method of payment to protect their families. The payments are paid to the T.I.S. Fund on behalf of the employee with the authority of the employee;
c) Employees can have the payments tied in with their salary package or salary sacrifice strategy.
What does it cost?
The cost to employers can be looked at in two ways:
a) If the member is paying, then the only cost to the employer would be administration costs;
b) If the employer decides they would be prepared to subsidise the cost for good quality and long standing employees, the before tax cost to employers would probably be between $6.80 and $20 per week for most employees.
Who is eligible?
All TIS Fund members who have contributions made on their behalf by their employer, and are under age 65 years will be eligible to apply.
What happens if the employee leaves?
If the employee leaves you would stop paying, and they would have the option to either continue the cover on their own account or they could instruct us to stop deductions from their Fund account.
Can all employees be covered for Death & TPD Insurance?
Yes. However, there are maximum levels of underwritten cover, and insured members are covered up until age 70.
What other benefits are available?
Refer to Significant Event Notice and Insurance Fact Sheet, or phone 1800 777 060 for assistance.
