Defined Benefit Scheme
The Defined Benefit Scheme, formerly known as the State Super Scheme, was one of the five superannuation schemes provided by State Super whose benefit design was incorporated into the Local Government Superannuation Scheme on 1 July 1997. It is referred to in the Trust Deed as Division D. For ease of identity it is now known as the Defined Benefit Scheme.
This information outlines the main features of the Scheme. It is not intended to be a substitute for the rules governing the scheme, which are detailed in the Trust Deed.
A product disclosure statement (PDS) helps you understand more about a product so you are able to make an informed decision about which ones to invest in.
Information in a PDS
A PDS sets out:
- features of the product
- fees that apply
- the benefits and risks of investing
- commissions that may affect your returns
- information about complaints handling and cooling off rights
- other information that is material to your decision to invest.
Please note where a supplementary PDS (SPDS) and/or incorporated material in the form of fact sheets exist for the PDS, the PDS and fact sheets should always be read in conjunction with the SPDS. The latest SPDS details any changes that may have occurred subsequent to the issuing of the PDS.
Defined Benefit Scheme PDS
The PDS for the Defined Benefit Scheme can be found by clicking the link below.