How does the income protection and extended sick leave interact with workers compensation payments?
A. (i) Workers Compensation only covers you for an injury/illness that is related to your work. The extended cover provided by the company and the plan covers you for all situations. You can therefore be comfortable that you and your family are comprehensively protected from you being unable to work due to illness, injury or death. (ii) Where the injury/illness is work related, any difference between your workers compensation payment and 75% of your average earnings will be covered. For further information on the Border Express sick leave and other entitlements policy, refer to the Human Resource Department. For details on Spectrum’s terms and conditions on Group Salary Continuance, refer to your Spectrum Master Fund employee guide and welcome kit. Q. Who pays for the insurance cover? A. All insurance costs are recovered monthly from your super account. IT IS VERY IMPORTANT THAT YOU REVIEW YOUR INSURANCE COSTS AS THEY REDUCE THE AMOUNT SAVED TOWARDS RETIREMENT. In some cases you may wa
Related Questions
- Do I need to maintain membership to continue receiving benefits from my employer (e.g. extended sick leave, long service leave, maternity leave)?
- How does the income protection and extended sick leave interact with workers compensation payments?
- Who decides on issues concerning sick leave payments and carer’s allowance?
