SASS, SSS and Police superannuation are complex defined benefit and hybrid schemes. That’s why your Trustee established State Super Financial Services to ensure you can access specialist financial planning advice.
These are defined benefit schemes. Your final superannuation payment will be based on a formula unique to your particular fund. This means that your retirement benefit is not affected by market conditions.
SASS is a hybrid scheme - which is a mixture of defined and accumulative benefits. The defined part of your benefit is based on a unique formula which means your final payment will not be affected by market conditions when you retire. The accumulative side will be subject to market returns.
As part of our member service, our team of expert financial planners and advisory service officers are here to provide you with on-going advice, support and assistance. We will help you understand your scheme choices, help you maximize your benefits and assist you in planning your transition to retirement strategy. This can provide you with individual options in the current economic crisis allowing you to retire when you want and not when market conditions dictate.
Register your interest to:
|
Related InformationFor more information see the following fact sheets on the State Super website: - SSS Fact Sheets |