Deferred members

Investment choice

SASS members have four member investment choice strategies (MIC strategies): Growth, Balanced, Conservative and Cash in which they can choose to invest the parts of their benefit that are subject to investment choice. Members can choose one strategy or any mixture of the four strategies provided the proportions add up to 100%.

What parts of my benefit are subject to investment choice?

All of your deferred SASS benefit is subject to investment choice i.e. your SASS personal account and the employer financed part of you SASS benefit (excluding the SANCS benefit which includes your lump sum basic benefit and any Superannuation Guarantee shortfall, Commonwealth Government Co-contribution or Additional Employer Contribution).

What if I haven't made a choice?

If you have not previously chosen an investment strategy, the parts of your benefit that are subject to investment choice will be invested in the SASS member investment choice default strategy, the Growth Strategy.

Note: for deferred benefit members the default strategy is the Growth Strategy for members under 60 years of age, and the Balanced Strategy for those over 60.

How are the remaining parts of my benefit invested?

The parts of your deferred benefit that are not subject to investment choice will be invested in the Growth Strategy.

The parts of a deferred member's benefit that are not subject to member investment choice are:

  • the SANCS lump sum basic benefit – which includes any Additional Employer Contributions
  • Commonwealth Government co-contribution and LISC amounts as well as any SG shortfall amount where applicable.

For more information on investment choice, refer to SASS Fact Sheet 15: Choosing an investment strategy.

How do I find out what strategy I'm invested in?

To check which member investment choice strategy you're invested in refer to your most recent Annual Benefit Statement. You can also:

  • log in to your member account via the secure member's area
  • call State Super on 1300 130 094 (deferred benefit members)
  • call State Super on 1300 130 095 (contributory members).

How do I make or change an investment choice?

Once you have chosen the investment strategy that best suits your personal circumstances, simply complete SASS Form 409: Choice of investment strategy and send it to Mercer Administration.

If Mercer receives your form on or before the 25th day of the month, your strategy will be switched on the last day of that month. If Mercer receives your form after the 25th of the month, your investment strategy will not be switched until the last day of the following month.

Financial advice

When selecting or reviewing an investment strategy, you should consider your personal objectives and financial situation. You should also consider seeking professional advice from a financial adviser.

StatePlus provides a wide range of financial planning services to current and former public sector employees and their families. Advice – including advice on the SASS investment strategies – is available over the phone or in a face-to-face meeting with a financial adviser.

For more information about the services provided by StatePlus, or to book an appointment, call 1800 620 305 or visit

Note: State Super Financial Services Australia Limited, trading as StatePlus, is the holder of an Australian Financial Services Licence 238430, ABN 86 003 742 756. StatePlus is a ‘for profit’ financial services organisation which also provides financial planning advice. StatePlus is wholly owned by FSS Trustee Corporation (ABN 11 118 202 672 and AFSL 293340) as trustee of the First State Superannuation Scheme (ABN 53 226 460 365). StatePlus has its own Board and Management team. State Super does not pay any fees to StatePlus for the financial advice and member seminar services it provides to State Super members. State Super is not a representative of StatePlus and receives no commission when making referrals to StatePlus for financial planning services. Neither State Super nor the New South Wales Government take any responsibility for the services offered by StatePlus, nor do they or StatePlus guarantee the performance of any service or product provided by StatePlus.