Member advisory forum – ensuring financial wellbeing in retirement
Thank you to all the members who recently joined our online Member Advisory Forum to share their insights, experiences and questions on the theme ‘Ensuring financial wellbeing in retirement – the view of State Super’s members’.
Approximately 84 members—both current employees and retirees—from the healthcare, emergency services and police sectors logged in to hear from our CEO, John Livanas, and to participate in an open Q&A session.
During the forum, members reflected on a range of topics including confidence in retirement, overall financial wellbeing, current financial pressures, planning for longer lifespans, aged-care and health-related expenses, and the responsibility of supporting family members or dependants. Many expressed appreciation for the security of a defined benefit pension, though rising living and healthcare costs remain a significant concern. Members also highlighted the importance of maintaining mental and social wellbeing.
Members appreciated the opportunity to participate in the forum and one member shared that it was “a wonderful initiative and an excellent topic in such a turbulent financial time. It was reassuring to hear other members points of view which highlighted most were on the same wavelength”.
Insights from this session, along with findings from the two previous forums, will be compiled into a White Paper to be released later this year.