Former Ansett workers get $16m super paybackBY LINDA HAUSKEN | MONDAY, 2 JUL 2012 12:35PMA decade after the collapse of Ansett, Australia's second largest airline at the time, former workers have finally been paid $16 million in super entitlements. |
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Raelene Seales
CHIEF EXECUTIVE OFFICER
PRIME SUPER
PRIME SUPER
Prime Super's Raelene Seales' immersions in cultures of innovation and creativity have equipped her to breathe new life into the fund, to the benefit of its broad church of members. Andrew McKean writes.
I assume that the employee superannuation entitlements, frozen 10 years ago, received a nominal compound interest rate of at least 5% pa.
If an employee had a balance of say $100,000 ten years ago, then at 5% interest, the balance would be close to $169,000 today.