SERB Scheme
May 25 2022
Thinking about retirement?
Contact us to discuss your options today.
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No one knows your SERB Scheme better than we do.
The SERB Scheme (State Employees Retirement Benefit Scheme) members are eligible state employees who joined the scheme between 1980 and 30 June 1988.
How your SERB Scheme works
Throughout your working life, both you and funding from your employer will contribute to your SERB Scheme.
Your end benefit is calculated using a formula which takes into account a number of elements, including your:
- Age
- Trigger event (eg. resignation, retrenchment, or retirement)
- Salary, and
- Period of service
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Benefit options
As a SERB Scheme member you have a number of options, resulting in:
- Part lump sum payment, part life pension
- Lump sum payment
You can transfer* your lump sum benefit into our award-winning Accumulation Plan or take out an Income Stream. Our Accumulation Plan will give you the flexibility to continue to receive contributions if you are still working, increase your insurance cover** and nominate beneficiaries.
Find out more about our Accumulation Plan
Thinking about retirement?
Your entitlements and options are dependent on your circumstances, and the complexities can be confusing. It's important that you receive accurate information - remember, no one knows your SERB Scheme better than ESSSuper.
We can help you understand your options in detail, and if you need, we can refer you to our Financial Advisers†, who can advise you on which option is best for your personal situation.
Be in the know: Find out more about our advice† and education services today