Insist on SEET

Members who have won this condition through an EBA now receive long service entitlements of 1.3 weeks per year of service (13 weeks after 10 years), with pro-rata entitlements after 7 years if they leave the industry.
To sweeten the deal, your entitlement is now protected through a fund called SEET (Secure Employee Entitlements Trust).
We are pleased to report that in a little over 18 months, almost 200 companies have signed up into SEET and it is finally portable between companies that have registered. If your company is not registered with SEET, make it your business to make sure it is. You should also be wary of other schemes. They are not true industry funds, and in most cases their benefits are inferior.

Benefits of SEET

1 It is the only true industry fund, with both union and employer representatives on its Board. Other funds have no union representation at all, and some don?t even have proper Boards.

2 You receive 1.3 weeks per year of service (13 weeks after 10 years) plus pro-rata payout after 7 years. Other funds only give you 0.86 weeks per year, and you still have to wait 10 years to receive your pro-rata entitlements.

3 The money is yours, and is transferable from employer to employer as long as they are each registered with SEET.

You don?t lose your years of service
Even if you leave the industry before 7 years, the money stays in your account for a further 4 years. This allows you to come back to the industry and carry on where you left off.
Other funds have made it clear that they will give your money back to the employer if you don't reach the qualifying years of service.

Be aware of cheap imitations - SEET is the true industry fund.