(Formerly known as 9% Defined Benefit)
This category of membership provides eligible members with a Superannuation Guarantee and includes death benefits in addition to retirement / leaving service benefits.with accrual rates in line with the
Adjustments to your Defined Benefit are made for any periods of part-time service. During periods of part-time service, your Defined Benefit is calculated using the full-time equivalent of FAS multiplied by your service fraction (that is, your hours of part-time service expressed as a fraction of the hours of full-time service).
As an SG Defined Benefit member, you don’t get additional disability benefits in the APSS.
You may be eligible for an additional lump sum death benefit if you die while you are employed by Australia Post or an Associated Employer. Australia Post or your Associated Employer meets the cost of the death benefit that is calculated in accordance with the table below.
|19 or under||Nil|
|from 20 to 34||$50,000|
|from 35 to 39||$35,000|
|from 40 to 44||$20,000|
|from 45 to 49||$14,000|
|from 50 to 55||$7,000|
|56 or more||Nil|