Accessing your benefit

A deferred lump sum benefit is payable at any time after you reach age 55, or in the event of earlier death or total and permanent invalidity.

In the event of a deferred member's death, the deferred lump sum benefit is payable to the member's spouse (including de facto spouse) or, if there is no eligible spouse, to the member's estate.

If a member defers their entitlements in the scheme, the original resignation or dismissal benefit (immediate lump sum), plus interest at the Fund Earning Rate, can be taken at any time, subject to the Commonwealth's compulsory benefit preservation rules. If a member takes the immediate lump sum they forfeit their right to the deferred lump sum and no further benefit such as a spouse or de facto partner benefit is payable.

What about public sector senior executives?

If you are a public sector executive and deferred your benefit without ceasing employment, you are not entitled to an immediate lump sum benefit at any time. However, you can elect to have the actuarially calculated transfer value of your deferred benefit rolled over to another complying superannuation fund at any time while you remain an executive officer.  

From age 55, an application for a deferred benefit can be made after you have ceased employment with the public sector employer that gave rise to the deferred benefit.

How to apply for the deferred benefit once you reach age 55?

You can make a written application to have your deferred benefit paid to you at any time after you turn 55.

For additional information about how to apply for your benefit, please contact Customer Service on 1300 130 094.