LATEST NEWS AND UPDATES
The Alcoa of Australia Retirement Plan aim to keep our members up to date with the latest news from the Plan in addition to wider market and superannuation news. For more updates from the plan straight to your inbox, log in to member online and update your email address.
Member Director Election 2021
Nominations are now open for employee members of the Plan in the Western Australia electorate, to nominate candidates to fill one Member Director vacancy.
Alcoa Annual Statements 2021
We are pleased to announce that all Annual Statements are now available on the website via your online account.
2021/2022 Federal Budget Highlights
The 2021/2022 Federal Budget focused on improving the aged care system, creating jobs, lowering unemployment rates and implementing changes to support women’s personal and economic security..
Enhanced Cash And Negative Returns
The Plan only offers one ‘cash’ style investment option, the Enhanced Cash Option.
Considering Working Part-Time?
If you are considering working part-time there are a few things you need to consider.
Alcoa introduced weekly crediting rates
Following on from our earlier notification in January, the Plan is excited to announce that we have now moved to weekly crediting rates for all members from 1 February 2021.
New Chairman for the Alcoa Plan
The Alcoa of Australia Retirement Plan has announced the appointment of Mr Gabriel Szondy as Chairman of the Plan.
Market Update - interim credit rates
Please note the Trustee has determined interim March 2020 crediting rates (applicable for the period from 1 March 2020 to date of payment for benefit payments) using market return data now available.
Insurance changes aged 55 and above
From 1 October 2019, members aged 55 years and above have the option to opt-out of Death insurance cover, but still retain their Total and Permanent Disability (TPD) insurance cover.
Insurance changes for members aged 16-34
From 1 October 2019, the Plan is making changes to the way in which default death and total and permanent disablement (TPD) insurance benefits are calculated for members aged 16-34.
Moving to Retained Benefit
Effective 19 August 2019, the process to transfer Accumulation Section members to the Retained Benefit Facility or pension account or out of the Plan is changing.