Overview of Local Government Super

Until 1997, local government employees had been members of an assortment of state-based, public sector superannuation schemes.

In July that year, under NSW Government legislation, the Local Government Superannuation Scheme was established with a commitment to improving members' long-term retirement incomes.

Today, Local Government Super looks after the superannuation needs of more than 100,000 members with over five billion dollars in funds under management. It also provides a range of services including financial advice for members at no extra cost through its half ownership of FuturePlus Financial Services.

Local Government Super now also offers members of the Accumulation division the opportunity for 'lifetime' membership.

This simply means that if a staff member is leaving employment in the Local Government sector, they can:

1. Remain a member of Local Government Super
2. Ask their new employer to contribute to their Local Government Super account
3. Continue to make personal contributions
4. Rollover money from other complying superannuation funds into their account
5. Continue their existing basic insurance cover.