SERB Scheme
February 23 2019
Thinking about retirement?
Contact us to discuss your options today.
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No one knows your SERB Scheme better than ESSSuper.
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:
- age
- trigger event (eg. resignation, retrenchment or retirement)
- your 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, part life pension
- Lump sum payment
You can transfer1 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 cover2 and nominate beneficiaries.
Find out more about our award winning Accumulation Plan
Thinking about retirement?
Your entitlements and options are dependent on your circumstances, and the complexities can be confusing. Remember, no one knows your SERB Scheme better than ESSSuper.
Let us help you to understand your options in detail, and even advise you on which option is best in your personal situation.
Contact us to talk about your retirement options