The Local Government Superannuation Scheme was established on 1 July 1997 to specifically cater for the superannuation requirements of Local Government employees. Prior to this time, Local Government employees were members of various NSW public sector superannuation funds. The Retirement Scheme is a split benefit fund into which both you and your employer contribute.
This information outlines the main features of the Retirement Scheme, previously known as the State Authorities Superannuation Scheme (SASS). This scheme was closed to new members effective from 15 December 1992.
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.
Retirement Scheme PDS
The PDS for the Retirement Scheme can be found by clicking the link below.
Transition to retirement information pack