Victorian rates hike blamed on superannuation slug

By Paul Hemsley and Julian Bajkowski The Municipal Association of Victoria (MAV) has blamed unpopular rate hikes averaging 4.8 per cent or $76 on growing ‘critical’ cost pressures arising from the need to top-up $396.9 million worth of unpaid liabilities for the Defined Benefit Superannuation Shortfall, a yawning infrastructure backlog and pervasive cost shifting to […]

Lender tender for Vic councils superannuation funding gap

By Paul Hemsley Going to the bank for a loan doesn’t ordinarily require the extra screening of a tender process, but the Municipal Association of Victoria (MAV) is doing just that to get financial help to fund a Defined Benefit Plan that is troubling councils which urgently need to top-up their employees’ superannuation shortfall. MAV […]

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