Transport Industry Superannuation Fund

Thursday 9th September, 2010

Employers

Employer Benefits

Our Fund was established by an employer organisation to provide a tailor made trucking industry super fund.  We offer a range of benefits to our employers including:

  • Our 1800 777 060 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 their 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 longstanding and all valuable employees.

The Fund can only survive with the support of the Trucking Industry. The more members enrolled the more benefits we are able to give all members. Support the Fund that is supporting employers of the trucking industry.

Please call our freecall number 1800 777 060 for more information.  We can send you comparative information on the Fund including an implementation kit and our latest employer bulletins and annual report.

Family Protection Plan

What is TIS Family Protection?

The TIS Fund provides automatic cover for death and total and permanent disablement to members where employer contributions are received.

Members can now apply for additional death cover or death and total permanent disablement cover under the TIS Family Protection Plan.

How can the TIS Family Protection Plan help me retain staff?

Group Life Protection over and above superannuation has often been available to executive staff. It is becoming more common for many companies to offer this facility to all employees of the company.

The TIS Family Protection Plan provides benefits to your staff by giving;

a) 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 TIS Fund on behalf of the employee with the authority of the employee.

c) Having the payments can be tied in with salary sacrifice benefits strategy (see salary sacrifice brochure).

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 $10 and $20 per week for most employees.

Who is eligible?

All TIS Fund members under age 60 years are 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?

Yes. However, there are maximum levels of cover depending upon the occupation eg. Long haul truck drivers have a maximum of $200,000 death cover.
Short haul truck drivers, labourers, mechanics etc have a maximum of $300,000 death and or total and permanent disablement cover.

More Frequently Asked Questions