In these difficult economic times when many super funds are making negative returns, the PFA has been questioned about being over vigilant in demanding that clubs honour their super obligations to their players. It is a criticism the PFA firmly rejects.
“Our position is very clear,” PFA Chief Executive Brendan Schwab says. “Paying super is a fundamental obligation of all clubs under both the Standard Player Contract and Australian law. This year, the superannuation entitlements of A-League players collectively exceed $1.3 million. With the salary cap rising to $2.25 million per club in 2009/2010, the total super obligations of clubs will be over $2 million. A 5 year A-League player on the average wage will have over $50,000 invested in super on his behalf in that time. We are determined to ensure this substantial amount is paid and managed in the best interests of A-League players.”
“In addition, as most foreign players are entitled to access their super on departing Australia, they are particularly entitled to expect immediate compliance by their clubs.”
The PFA conducts education seminars for players about their super entitlements and gives tips on how players can choose a super fund, exercise choice within a fund and maximize superannuation returns.
