BURMESE TRANSLATION - For Those Who Love High Quality Service
My Blog



Those people who have been working in Australia are aware of superannuation. In accordance with the government legislation, the employer is required an amount equivalent to 9% of the earning of the employee to be credited to the account which is specifically opened for employee's superannuation fund. Employee can also contribute with his own money toward his superannuation and contribute as well on behalf of his partner who has no income or low income. Employee has no right to have access to the fund. The fund
can be accessed lump sum or otherwise be managed in other ways once he attained retirement age.
This kind of fund existed once in Burma. It had been when Burma was under British and under prime minister U Nu government. Under British there had been legislation in relation to this kind of fund. This fund is called provident fund. Provident fund was given a specific term in Burmese as 'fund for old age'. Most people did not remember this glossary of
' fund for old age' because when prime minister U Nu government had gone the providence fund had gone along with it. Some people have no idea of it. I was aware
of this glossary when I attended law school.
This provident fund is relatively similar to superannuation which is currently in force in Australia. Some people did not recollect 'fund for old age' and hence often had mistaken with full service retirement pension. It is not. It is not a salary to be paid during retirement. In Burma, a government worker can get full service retirement pension when he completed 30 years in service. He is entitled to monthly pension (salary) paid by the government for the rest of his life. This salary is called full service retirement pension (salary). It is different from provident fund.
Australian Labour Party had initiated superannuation bill and enacted into a law and superannuation is regarded as a saving which would allow self reliance and security for
the employee when he gets older and unable to work.
The company in which superannuation fund has been opened uses the fund in investments for the benefit of the account holders in various strategies of which the most popular one
is share market. The fund also contributes toward premiums for life insurance, total and permanent disablement and income protection for the beneficiary, the employee.
Superannuation is provident fund, not full service retirement pension.

14 Comments to Superannuation::

Comments RSS
adres www on Saturday, 16 August 2014 3:32 AM
Lighting Design associated with extensive variety among the others In preferred food markets complex with quality or
Reply to comment
johan on Wednesday, 18 October 2017 2:27 AM
thank you

check my essay on Wednesday, 18 October 2017 2:28 AM
Every country has their issues and you live in Australia and you know the better than me. I just try to understand the problems of the people who are facing. You try to give the wonderful information and it is very helpful material for the people.

Ryan on Saturday, 2 December 2017 3:32 PM
There are some of the fighting through which a man cannot be express by the time as well as it make more over the time to make the thing better.But there are some of the reason through which a person become the victim and going to be in trouble.
Reply to comment

help with assignment brief on Wednesday, 13 December 2017 3:49 PM
I'm taking cooking classes after my university and i know the worth of your old knife because its your habit to cut items with it so you are used to of that particular knife.
Reply to comment

writing on Saturday, 13 January 2018 3:23 PM
Thanks a lot for the kind of perfect topic I have not a lot of information about it but I have got an extra unique info in your unique post.Perfect description you have provided thanks for sharing.
Reply to comment

Assignment Help Birmingham on Monday, 23 April 2018 10:58 PM
Nice post that you shared with us.
Reply to comment

hrm essay on Saturday, 5 May 2018 4:32 PM
I am very impress to see this old post of the cmc dental courses. I am know you are doing very well job. Thanks for taking time to share
Reply to comment

writing assignment on Wednesday, 9 May 2018 4:23 PM
It's imperative that you buy the interior decor in the home right after that which will be discussed, it is actually an issue of an snapshot, you could properly confess is often a legitimate do the job involving art
Reply to comment

dissertation help service on Wednesday, 23 May 2018 9:05 PM
This is such an eye-opening content. I am so impressed with your thoughts.
Reply to comment

how to turn printer online on Friday, 1 June 2018 9:41 PM
It’s a good reference for all the history students to know about some facts. But the article seems to be very short. I am going to use it for completing my assignment work. Thank you so much for the share.
Reply to comment

loemrntdherid1 on Monday, 23 July 2018 5:18 PM
This posting is marvelous and what a fantastic research that you have done. Thanks
Reply to comment

Bela Anjani on Tuesday, 7 August 2018 5:01 PM
This starts with creating a fully functional, fully optimized website geared towards the customer. This is a Spesialis Herbal Indonesia important because it is the first interaction customers will have with your hospital.
Reply to comment

spesialisherbal on Wednesday, 29 August 2018 4:58 PM
Toko Online Spesialis Herbal Indonesia menyediakan obat herbal bermutu tinggi dengan tujuan memperbaiki performa kesehatan tubuh. Situs Kesehatan Spesialisherbal merupakan pusat obat herbal yang menjual obat herbal bermutu yang terpercaya di Nusantara.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment

Recent Posts

The Chaos of Direct Translation
The Use of English Question Mark "?" in Burmese Translation
One Prisoner of Conscience is one too many!
Burmese Translation for the word "client"
Story of Thuwanna Tharma
powered by

Website Builder provided by  Vistaprint