01 Sep 2017by msup msup

30 years of making a difference

As the industry super fund for the print, media, entertainment and arts industries, we’ve been proudly providing super and pension products to our members for 30 years.

In 1987, Print Super and JUST formed as the industry funds for printing and packaging industries and the media, entertainment and arts sectors respectively.

In the beginning…

Australia has one of the best retirement savings systems in the world, but it wasn’t too long ago that only 39% of workforce had access to superannuation.

Before the mid-1980s, eligibility for super was limited by a worker’s age, gender, occupation and work status. While some high income white collar employees and public servants could access old-style pension funds, women and blue-collar workers were poorly represented and significantly disadvantaged.

In 1987 a mandatory 3% super requirement was introduced into industrial awards, and Print Super and JUST were established to represent members in their industries.

Print Super first began as a jointly sponsored arrangement between the Printing Industries Association of Australia (PIAA) and Printing & Kindred Industries Union (PKIU), which later became the Printing Division of the Australian Manufacturing Workers’ Union (AMWU). Membership was initially limited to current and past employees and spouses of participating employers, but 2005 legislation changes opened membership up to those employed in other industries and self-employed workers for the first time.

JUST originally represented media and journalism professionals. Then in 1992 the Australian Journalists Association, Actors Equity and the Australian Theatrical & Amusement Employees Association merged to form the current Media Entertainment and Arts Alliance (MEAA), and logically JUST merged with JEST (the Joint Entertainers Superannuation Trust). JUST didn’t only provide super for traditionally employed media and entertainement professionals, they also had a self-funded plan for freelance and self-employed workers entitled to super under an award or agreement.

While the early super system was a big step forward for Australian workers, there were shortfalls in the system. In July 1992 the federal government introduced the Superannuation Guarantee, which made it compulsory for all employees earning more than $450 a month. The Superannuation Guarantee started at 3%, rising to 9% over the following 10 years.

In 2008, Print Super and JUST merged and Media Super was born, bringing together our community of creators, makers and informers.

And 30 years later, we’re still working for you

For three decades we’ve been through both the good and the bad with you, as each of our industries has gone through significant changes and faced unique challenges, all the while helping our members save for their retirement and prepare for life after work.

But our commitment runs deeper than that – with the support and representation from our Board, we’ve been proudly supporting your industries through partnerships, talent programs and awards to help you excel professionally and celebrate your achievements.

Read on to hear from some of our members who have been part of the fund for over three decades, and how your industries have changed over that time.

 

Categories: 30 year