- Published:
- Friday, 9 August 2024 at 11:00 am
PLSA 5th anniversary
Victoria’s Portable Long Service Authority is celebrating its 5th anniversary while reaching a significant milestone with more than 350,000 workers now registered to receive portable long service benefits.
Under the Portable Long Service Scheme (Scheme), Victorian workers in the community services, contract cleaning and security industries can accumulate long service benefits based on their service in the industry rather than time with a single employer.
Prior to the Scheme commencing in 2019, many workers in the three industries weren’t eligible for the benefits of long service leave as they frequently moved from one short-term contract job to another.
The Scheme allows workers to accrue long service benefits even if they move between different employers in the same industry.
During a celebratory event attended by the Honourable Maree Edwards, Speaker of the Victorian Legislative Assembly and the Member for Bendigo West, local registered employers and other special guests, PLSA Board Chair, Julius Roe, outlined the Authority’s achievements.
Ms Edwards, who has been a strong supporter of the Scheme, congratulated the PLSA on registering 350,000 Victorian workers in just five years.
More than 3,400 employers have so far registered with the PLSA. Employers pay a levy ranging between 1.65 - 1.80% of a workers’ wage, with funds totalling about $500 million invested by the Authority with the Victorian Funds Management Corporation.
The Portable Long Service Authority, which administers the Scheme, is based in the Galkangu Bendigo GovHub and employs about 60 people.
Updated