What type of scheme is MilitarySuper?

MilitarySuper is an employer-subsidised scheme that provides you an income when you leave work. It also provides financial security to you and your dependants during working life through provision of invalidity and death cover at no cost to you. Specifically, MilitarySuper is a hybrid defined contribution and benefit scheme where benefits are derived from:

  1. A member component, comprising member contributions including amounts notionally carried over from DFRDB, plus earnings on these amounts
  2. An employer component, defined based on a member’s period of membership and final average salary (FAS); this component is unfunded, except for the portion relating to the employer 3% productivity contributions paid fortnightly by the Department of Defence; the cost of unfunded components is met by the employer on an emerging basis from the Consolidated Revenue Fund when benefits fall due.

The following video provides an overview of how your MilitarySuper benefit works.

Who is MilitarySuper for?

MilitarySuper is the superannuation scheme for most Australian Defence Force (ADF) members. All new ADF members must join MilitarySuper and contribute at a minimum rate of 5% of their fortnightly salary for superannuation purposes.

MilitarySuper is also the superannuation scheme for:

  • former MilitarySuper members who re-enter the ADF on continuous full-time service
  • ADF personnel re-entering the ADF on continuous full-time service who elect to become MilitarySuper members
  • ADF personnel who transferred from the Defence Force Retirement and Death Benefits (DFRDB) Scheme.

MilitarySuper gradually replaced DFRDB; existing DFRDB contributing members were given the option to transfer into MilitarySuper up to 1 October 1992.\

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