Your benefit

As a New Scheme member, you receive a defined benefit linked to your:

• length of recognised service
• final average salary
• personal contribution rate, and
• age.

The defined benefit calculation also takes into account:

• periods of leave without pay
• part-time service, and
• prior service.

In the event of your death, the New Scheme will pay a benefit to any surviving eligible dependants, including a partner, eligible children under age 18 (or 25 if full-time students) and disabled "adult children" within the meaning of section 53(2A) of the State Superannuation Act 1988.

All New Scheme benefits are calculated using periods of service in completed years and days.

Benefit payment options

Members of the New Scheme receive a benefit when a trigger event occurs. Trigger events include:

• Resignation
• Age Retirement (including after becoming an exempt officer)
• Retrenchment
• Disability
• Death

Do you want a full or part pension?

New Scheme members wanting a full or part pension can now access  ESSSuper's Income Streams using your New Scheme lump sum (if over age 55 or preservation age). Alternatively, members can use funds from other super sources to commence an ESSSuper Income Stream. The Working Income Stream enables you to receive a part pension whilst you wind down your working hours, whilst the Retirement Income Stream is a full allocated pension that can be converted at any time, giving members greater flexibility and control.

• Check our what is classified as superable salary