'Unknown' law could up pension costs

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AUSTRALIA - Many companies are unaware of a legislative change that could spike their superannuation contribution costs by more than 10%, Mercer Human Resource Consulting has warned.

  The legislation, passed in 2004 and set to come into effect in 2008, rules that employers must use ordinary time earnings (OTE) as the earnings base for calculating the 9% Superannuation Guarante...

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