Preserved Benefit Diagram Description

If you are aged 65 or above, you have full access to your benefits. This means you can:

Access your Member Benefit as a lump sum and
Access your Employer Benefit, (less any surcharge debt) as a lump sum or
Access your at least 50% of your Employer Benefit as an indexed pension, and the balance as a lump sum

If you are aged 60 to 64 and have ceased employment, you have full access to your benefits. This means you can:

Access your Member Benefit as a lump sum and
Access your Employer Benefit, (less any surcharge debt) as a lump sum or
Access your at least 50% of your Employer Benefit as an indexed pension, and the balance as a lump sum

If you are aged 60 to 64 and have not ceased employment you have a combination of a pension and/or a preserved lump sum available to you. This means you can:

Access your 30 June 1999 Member Benefit paid as a lump sum, or leave it preserved in MilitarySuper or another rollover fund
Rollover or Preserve your post 30 June 1999 Member Benefit,

For your Employer Benefit (less any surcharge debt) you have three options. You can either:

Rollover your Employer Benefit to another rollover fund or
Access your Employer Benefit entirely as ain indexed pension or
Access at least 50% of your Employer Benefit as an indexed part-pension and preserve the balance in MilitarySuper or another rollover fund

If you are aged 55 to 59 and have not reached your preservation age you have a combination of a pension and/or a preserved lump sum available to you. This means you can:

Access your 30 June 1999 Member Benefit paid as a lump sum, or leave it preserved in MilitarySuper or another rollover fund
Rollover or Preserve your post 30 June 1999 Member Benefit,

For your Employer Benefit (less any surcharge debt) you have three options. You can either:

Rollover your Employer Benefit to another rollover fund or
Access your Employer Benefit entirely as ain indexed pension or
Access at least 50% of your Employer Benefit as an indexed part-pension and preserve the balance in MilitarySuper or another rollover fund

If you are aged 55 to 59, have reached your preservation age and have permanently retired from the workforce, and do not intend to work again, you have full access to your benefits. This means you can:

Access your Member Benefit as a lump sum and
Access your Employer Benefit, (less any surcharge debt) as a lump sum or
Access your at least 50% of your Employer Benefit as an indexed pension, and the balance as a lump sum

If you are aged 55 to 59, have reached your preservation age and have permanently retired from the workforce, and do intend to work again, you have a combination of a pension and/or a preserved lump sum available to you. This means you can:

Access your 30 June 1999 Member Benefit paid as a lump sum, or leave it preserved in MilitarySuper or another rollover fund
Rollover or Preserve your post 30 June 1999 Member Benefit,

For your Employer Benefit (less any surcharge debt) you have three options. You can either:

Rollover your Employer Benefit to another rollover fund or
Access your Employer Benefit entirely as ain indexed pension or
Access at least 50% of your Employer Benefit as an indexed part-pension and preserve the balance in MilitarySuper or another rollover fund

If you are aged 55 to 59, have reached your preservation age, but have not ceased employment you have a combination of a pension and/or a preserved lump sum available to you. This means you can:

Access your 30 June 1999 Member Benefit paid as a lump sum, or leave it preserved in MilitarySuper or another rollover fund
Rollover or Preserve your post 30 June 1999 Member Benefit,

For your Employer Benefit (less any surcharge debt) you have three options. You can either:

Rollover your Employer Benefit to another rollover fund or
Access your Employer Benefit entirely as ain indexed pension or
Access at least 50% of your Employer Benefit as an indexed part-pension and preserve the balance in MilitarySuper or another rollover fund

If you are less than age 55 and are not suffering from incapacity you have a combination of a lump sum and a preserved lump sum available to you. This means you can:

Access your 30 June 1999 Member Benefit paid as a lump sum, or leave it preserved in the fund
Preserve your post 30 June 1999 Member Benefit in MilitarySuper or another rollover fund
Preserve you Employer Benefit (less surcharge debt) in MilitarySuper

If you are less than age 55, are suffering from incapacity and the MSB Board approves the early release of your benefit then you have full access to your benefit. This means you can:

Access your Member Benefit as a lump sum and
Access your Employer Benefit, (less any surcharge debt) as a lump sum or
Access your at least 50% of your Employer Benefit as an indexed pension, and the balance as a lump sum

If you are less than age 55, are suffering incapacity, and the MSB Board does not approve the early release of your benefit you have a combination of a lump sum and a preserved lump sum available to you. This means you can:

Access your 30 June 1999 Member Benefit paid as a lump sum, or leave it preserved in the fund
Preserve your post 30 June 1999 Member Benefit in MilitarySuper or another rollover fund
Preserve your Employer Benefit (less surcharge debt) in MilitarySuper

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