Leaving employment?

Read these documents to learn about APSS Rollover and Pension accounts.

Your Member Savings PDS Guide to your Member Savings
Your APSS Pension PDS


Leaving employment

Employee members ceasing employment with Australia Post or an Associated Employer (and their spouse member spouses) can continue their APSS membership by:

  • Transferring benefits to the APSS Rollover Account
  • Taking a retirement benefit in the form of an APSS Pension (if eligible).

If you want to stay in the APSS you need to let us know within 60 days of the date we send you your Benefit Payment Direction form and final benefit estimate. Otherwise, you can never come back into the APSS even if you’re re-employed in the future.

Your alternatives to continuing your APSS membership are to:

  • Transfer benefits to another superannuation fund.
  • Take the benefits in cash (if eligible under preservation rules)

If we receive no instructions from you within 60 days of the date we send you your Benefit Payment Direction form and final benefit estimate, your benefit will end up in an eligible rollover fund (ERF). This is a regulated super fund or approved deposit fund eligible to receive benefits automatically rolled over from other superannuation funds. ERFs are not generally considered suitable for investment over the longer term because ERFs invest in assets that do not have much potential for long term growth. You will find you don’t have any insurance cover for death or disablement either.

If your benefit is transferred to the ERF used by the APSS, you will cease to be a member of the APSS and the Trustee will cease to be responsible for administering and paying your benefit. You will need to contact the AMP ERF in order to access your superannuation. The contact details for the ERF used by the APSS are:

AMP* Eligible Rollover Fund
Locked Bag 300, Parramatta, NSW, 2124
Phone: 131267 Fax: 1300 301267
Online: amp.com.au/erf
*Registered trademark of AMP Limited ABN 49 079 354 519.