The 3% Benefit
In June 1986, as part of a National Wage Case, the Conciliation and Arbitration Commission allowed employers and unions to negotiate superannuation arrangements costing no more than 3 % of wages. These arrangements are generally referred to as 3 %productivity benefits or award superannuation. The Commonwealth decided that the 3% benefit should apply to all its employees, including members of the ADF, and that it should be phased in from 1 January 1988.
Military Superannuation and Benefits Scheme (MSBS) Implementation Team