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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, and information about complaints handling and cooling off rights other information that is material to your decision to invest.
Retirement Scheme PDS
The PDS for the Retirement Scheme can be found by clicking the link below.
Retirement Scheme Product Disclosure Statement
Performance Information
Retirement Scheme
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