The Rail Tram and Bus Union and Gordon Legal have announced a class action against one of Australia’s largest super funds.
The Emergency and State Services Super (ESSSuper) is under fire for unpaid superannuation to transport employees, which could exceed more than $40 million in unpaid entitlement.
ESSSuper is responsible for managing the superannuation of more than 127,000 members, holding over $36 billion in assets. The super fund has been accused of breaching its obligation to its members and failing to include shift penalty allowances when calculating the super owed to some Transport Fund members.
The class action will represent a few hundred group members, including a mix of transport workers who are still actively working and those who have already retired and are eligible to join the legal action.
Gordon Legal Partner James Naughton, one of the lawyers leading the class action, is calling for possibly affected transport workers to get in touch directly with the firm to receive advice on their eligibility to join the class action.
We have uncovered cases where ESSSuper has been miscalculating superannuation entitlements by as much as $300,000. Such variances can have a drastic impact on the ability of members to retire and have the quality of retirement they deserve.
The RTBU will keep working tirelessly to ensure members get the retirement funds they are entitled to.
Superannuation is the most important aspect of financial planning for retirement in Australia and it is a basic expectation of workers that superannuation is paid correctly.
We are encouraging members to share this notice widely and ensure anyone who has been a member of the ESSS Transport Fund is able to contact the law firm to understand their legal rights and eligibility to join the class action. Please note this could also affect deceased members who were part of the Transport Fund.
Finally I’d like to acknowledge the hard work of Bill Seventis and Amanda Swayn for their hard work in research and preparation towards getting this important case off the ground and into a strong position for RTBU members.
For more information and registration, head to: https://gordonlegal.com.au/services/class-actions/ESSSuper-class-action/
