MilitarySuper
AFSL: 238395 - ABN: 50 925 523 120 - Board ABN: 72 406 779 248
Privacy
Product Disclosure Statement (PDS) The MilitarySuper Book Investment ChoiceAbout Your Statement Guide Legislation Seminars Links Complaints, Appeals & FOIGlossary of Terms
Death Benefits Diagram Description
If you die whilst a contributor to MilitarySuper, your dependants (if applicable) are entitled to benefits as follows:
- The eligible spouse of an contributor can:
- Access your Member Benefit as a lump sum
- Take your Employer Benefit, less any surcharge debt, payable as either:
- a CPI indexed pension based on 67% of the potential Class A invalidity benefit at the time of death. The percentage of the pension increases if you have one or more eligible children; or
- A part pension and part lump sum. The percentage of the pension is increased if you have one or more children, or
- A full lump sum based on the potential Class A invalidity benefit at the time of death
The orphan of a contributor will receive the Member benefit as a lump sum, plus an employer-financed pension. The rate of pension is 45% of the Member’s notional Class A invalidity pension for one orphan, 80% for two, 90% for three and 100% for four or more (less any surcharge debt).
If there are no dependants at the time of death, a benefit comprising the total of your Member benefit and a full lump sum based on the potential Class A invalidity benefit at the time of death, less any surcharge debt is payable to your estate.