This series of five GRG Remuneration Insights deals with General Employee Equity Plans (GEEPs) which are made available to most full-time Australian employees, and some part-time employees, and often operate on a salary sacrifice basis with matching by the company. There are four basic GEEP types. This Insight provides an outline of the main design features of the $5,000 Salary Sacrifice Share Plan (SSSP).
GRG Remuneration Insight 109
by Chris Godfrey & James Bourchier
Contributors: Denis Godfrey, Nida Khoury & Peter Godfrey
27 November 2018
This is one of a series of GRG Remuneration Insights dealing with general employee equity plans (GEEPs), also called employee share ownership plans (ESOPs). These plans are made available to the majority of full-time employees (and part-time in some cases); and often operate on a salary sacrifice basis with matching by the company.
GRG undertook extensive research in to market practices in relation to GEEPs and have published the outcomes in GRG Remuneration Insights available on a complementary basis on this website.
There are four basic GEEPs:
- Share Save Plan (SSP) – this Insight 109,
- $5,000 Salary Sacrifice Share Plan (SSSP) – see Insight 110,
- After Tax Employee Contribution Plan (ATECP) – see Insight 111, and
- $1,000 Tax Exempt Plan (TEP) – see Insight 112.
This GRG Remuneration Insight provides an outline of the main design features of the SSP.