• The APSS has a long and proud tradition of delivering value to its members. The Trustee is committed to upholding that tradition, while always seeking ways to strengthen and improve the way that our members’ super is looked after. 
   
• The decision to explore a merger is based purely and simply on our goal to support better retirement outcomes for members. 
   
• We believe that a merger with a like-minded and growing superannuation fund would give APSS members access to more choices, services and support to achieve their own retirement goals, while continuing their existing APSS benefits on a strong and sustainable foundation.   

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• If a merger goes ahead, your APSS defined benefits will continue under what’s called a 'successor fund transfer'.  This means that by law, the merger will only go ahead if you receive equivalent rights to your super benefits after the merger in the merged fund as you had before the merger. 
   
• Therefore, APSS Defined Benefits would be maintained in the merged fund on equivalent terms as those applying in the APSS today. The amount of your defined benefit would not change at the date of transfer. The formula used to calculate your defined benefit would be the same after transfer as it is currently. 
   
• Employee members would be placed in a special Australia Post division, set up in the merged fund to manage your defined benefits. Death/TPD cover would also continue as before at no cost to you.
  
  Employee Member Savings accounts associated with APSS Defined Benefits would simply transfer across to comparable investment options in the merged fund to operate in much the same way as they currently operate, with members also able to select other investment options from a wider range of choices at any time. 

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• If you have a Rollover, Spouse or Pension account in the APSS at the time of the merger, it would be transferred across to the merged fund to operate in much the same way as it currently does, with flexibility to change those arrangements if you choose. 
   
• Comparable investment options in the merged fund will be identified for each of the APSS investment option(s) you are currently invested in.  
   
• If you have insurance in the APSS, you will continue to be insured in the merged fund if the merger proceeds. Additional information on your insurance cover, including detail of the options available to you, would be provided closer to the transition.
   

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