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Annual Report 2013-14

Volume 1, Part 2 : Performance

Program 1.14: Defence Force Superannuation Benefits


The objective of Program 1.14 is to administer and report member and employer contributions paid during the year to the Defence Force Retirement and Death Benefits Scheme (DFRDB) and the Military Superannuation and Benefits Scheme (MSBS). It accounts for the liability for these schemes as well as for the Defence Force Retirement Benefits (DFRB). During 2013–14, Defence provided timely payment of member contributions to ComSuper, which is the manager of the three schemes.

This program also includes payment of the MSBS Retention Benefit. Since 1991, Defence has paid the retention benefit to eligible scheme members after 15 years of continuous eligible service. In 2013–14, Defence continued the prompt payment of member contributions to ComSuper and the payment of the retention benefit to those members who have taken up the offer.

Table 3.35: Program 1.14 deliverables

Deliverable

Status

Report on superannuation contributions and the movement in liabilities associated with the three military superannuation schemes

Met

Table 3.36: Program 1.14 key performance indicators

Key performance indicator

Status

Provision of timely payments to ComSuper and quality administration of DFRB, DFRDB and MSBS employer and member contributions

Met