Rest easier knowing Gen has programs that help support you and your loved ones.
Superannuation plan
Gen pays compulsory superannuation contributions of 11.5% of salary. You can also contribute through salary sacrifice.
The default superannuation fund is Colonial First State FirstChoice Employer Super.
Life and long-term disability insurance
Gen provides company-paid death and total and permanent disability (TPD) cover for members of the Colonial First State superannuation plan.
The cover is 15% x benefit salary x future years to age 65, with an automatic acceptance level (AAL) of AU$1,500,000.
Salary continuance insurance
Company-paid salary continuance insurance provides cover in the event of sickness or injury for members of the Colonial First State superannuation plan.
The cover is 75% of salary, up to a maximum benefit of AU$25,000 per month (after a 30-day waiting period).
Employee stock purchase plan (ESPP)
The employee stock purchase plan (ESPP) allows you to set aside between 2% and 10% of your compensation through payroll deductions to purchase Gen stock every six months at a price that is at least 15% below the fair market value.
The discounted price is locked in for a 12-month period. Enrollment periods are held twice a year in February and August.
For eligibility requirements and other plan terms, refer to the Stock Administration page on Gen Central.
