Active Super

Any member of the Retirement Scheme who was previously a member of the Local Government Super Pension Fund, Transport Retirement Fund or NSW Retirement Fund retained the option to receive a portion of their superannuation benefit as a pension. Also, any member of the Active Super Pension Fund retained the children’s and orphan’s pension option which may apply upon the death of the member. You can confirm if you are entitled to this option by checking your latest annual benefit statement or by contacting Member Services.

A member of the Retirement Scheme who was previously a member of the Local Government Pension Fund or NSW Retirement Fund (NRF) retained an option to receive a portion of their superannuation benefit as a lifetime pension (also known as an EFB Pension) subject to meeting certain eligibility requirements.

Concessional contributions are contributions that are usually paid by your employer as either part of their obligatory requirements, or they could be salary sacrifice contributions deducted from your pre-tax salary for the purpose of contributing to superannuation or personal superannuation contributions for which you claim a tax deduction.

An employee’s Superable Salary will play a significant role in the calculation of the member and employer contributions to the Retirement Scheme and in the calculation of the final benefit payable

Concessional contributions are contributions that are generally paid by your employer. These contributions are generally paid to meet certain obligations such as the Superannuation Guarantee, Notional Taxed Contributions or could be part of an Award. Salary Sacrifice contributions paid on your behalf by your employer and any personal contributions that are allowed as an income tax deduction are also classed as concessional contributions

Nobody likes to think about what would happen when they die. Your super will grow to become one of your most valuable assets so it’s important to think about who it would go to in the event of your death.