The cost of prior service (after 30 November 1993)

The current number of days recognised additional service are multiplied by your current contribution rate and your current salary and dividied by the number if days in a year:

COST

Number of days recognised  x  Salary  x  % Contribution rate                                                 365.25

Note: Number of days recognised is a pro-rata part time.

Any service recognised will automatically be included in your benefits on the basis of having paid 0% contributions and have no cost. A cost will only be applied if you wish to have it recognised on the basis of having paid 3% or 5%.

Quote validity

Quotes for the cost of additional service are available from ESSSuper and are valid for one month from the data of receipt of the letter advising of the cost of the additional service. After that time, a new quote will be required. Quotes are based on your salary and contribution rate at the time the quote is prepared.

The effect of LWOP and part-time work

The additional benefits and associated costs of your additional service will be reduced, if you have had leave without pay or worked on a part-time basis during the period of employment that is approved as recognised service.

Paying for prior service

Any associated cost must be paid before your final date of service if it is to be included in your benefit.