Al salaam a'alaykum Charles

22 Jul 03 20:53, Charles Angelich wrote to David Drummond:

 DD>> Maybe Australia has learned from the silliness there. 

 DD>> The pension funds here are not managed/controlled by the
 DD>> employer, they're managed by financial institutions (fund
 DD>> managers). 

 CA> I don't think the pension fund can be tax sheltered if the
 CA> companies control them? I really don't know who controls them.
 CA> I do know the companies haven't kept up their 'contributions'. 

 DD>> The employer just pays money into the fund (supposedly
 DD>> quarterly). 

 CA> Theoretically, yes. You may want to verify that yourself before
 CA> assuming this is being done as it should be. 

I get an annual statement from my pension fund managers showing the amounts
and dates of the Company's contributions (and the performance of the fund
investments). They (the Company) make payments quarterly as legislated.

Regards,
David

--- Msged/LNX TE 06 (pre)