Super Fund Sued Over Rail Worker Miscalculation Claims

One of Australia’s biggest super funds is being sued for allegedly derailing the retirement savings of Victorian transport workers. Gordon Legal and the Rail Tram and Bus Union have filed a class action in the Supreme Court against Emergency and State Services Super (ESSSuper). Union branch secretary Vik Sharma accused the fund of short-changing some rail workers by failing to include shift penalty allowances when calculating their super. The action estimates unpaid entitlements could exceed $40 million (US$26 million) across a mix of current and former workers who are or were members of the Transport Superannuation Fund. “We’ve been fighting this issue for years and it’s come to a point now where we have to take this drastic step,” Mr. Sharma told reporters on April 12....