Generally speaking, defined benefit super is where the benefits payable to members are based on a formula which may take into account such things as length of service, contribution rates and salary amounts. The APSS Defined Benefits are not affected by investment performance. The APSS currently has three Defined Benefit categories:
Which category do I belong to?
| Category |
Description |
|
14.3%
|
If you are a permanent employee of Australia Post or an Associated Employer, you are most likely a member of the 14.3% Defined Benefit category.
The retirement benefits in this category are generally a lump sum calculated as 14.3% x your
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x your years of full-time service with Australia Post or your Associated Employer. |
|
SG (Superannuation Guarantee)
|
If you are a non-permanent employee of Australia Post or an Associated Employer (e.g. contractor), you are most likely a member of the SG Defined Benefit category. This was formerly known as the 9% Defined Benefit category.
The retirement benefits in this category are generally a lump sum based on the applicable
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x
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x your years of full-time service with Australia Post or your Associated Employer. For more information on current and future
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see
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in the Glossary.
|
|
CSS
|
You are a member of the CSS category if you were a Commonwealth Superannuation Scheme (CSS) member prior to 1 July 1990 and you elected to retain your CSS super arrangements rather than transfer your super to the APSS. Please refer to the
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for details about your super in that scheme. |
1300 360 373
1300 360 373
