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SSB was established under the Social Security Act of 1954, which implemented a social security scheme covering employees working for firms employing over 5 employees, including state-owned, private, foreign and joint ventures. [3] The social security scheme is contributory, with 2.5% of contributions coming from the employer, 1.5% by the employee, and a capital investment by the government. [3 ...
State Super is a superannuation fund in Australia that was established in New South Wales in 1919. It serves current and former government employees and public sector workers. As of June 2023, it manages close to $38 billion AUD in assets and has around 86,840 members.