skip to navigation skip to content skip to footer

Annual Report 2014–15

Volume 1, Part 2 : Performance

Programme 1.14
Defence Force Superannuation Benefits

The objective of Programme 1.14 is to administer and report member and employer contributions paid during the year to the Defence Force Retirement and Death Benefits (DFRDB) Scheme and the Military Superannuation and Benefits Scheme (MSBS). It accounts for the liability of these schemes plus the Defence Force Retirement Benefits (DFRB) Scheme. This programme includes payment of the MSBS retention benefit.

The DFRB Scheme, which does not have any contributing members, commenced in 1948 and only covers members or their dependants who were in receipt of a pension at the time the DFRDB Scheme commenced. The DFRDB Scheme was closed to new participants in 1991.

The MSBS commenced in 1991 and is available to all full-time members of the ADF.

All three schemes are managed on Defence’s behalf by ComSuper.

Since 1991, Defence has paid the MSBS retention benefit to eligible MSBS members after 15 years of continuous eligible service. The purpose of the retention benefit is to encourage members to serve until they have completed 20 years of service. Due to legislative amendments passed in 2005, the retention benefit is not available to members who enlisted after 6 October 2005.

Table 3.34: Programme 1.14 deliverables

Deliverable

Status

Click to view the User Guide page

Key

Met

• • •

Substantially met

• •

Partially met

• •

Not met

• • •

Click to view the full user guide

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

Status Met • • •

Table 3.35: Programme 1.14 key performance indicators

Key performance indicator

Status

Click to view the User Guide page

Key

Met

• • •

Substantially met

• •

Partially met

• •

Not met

• • •

Click to view the full user guide

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

Status Met • • •

‘I attended the Anzac Day Dawn Service followed by the parade in Sydney with my wife. We were there to see our son march with the crew of HMAS Stuart. It was the first time we had attended Anzac Day commemorations in Sydney and a proud moment for both of us. It was a large parade watched by a huge crowd that lined the streets, sometimes four and five deep. It was also very moving and sometimes very emotional to see many of the old diggers being given rousing cheers from the crowd. Looking around, I was surprised to see so many young people and young families, which reassured me that Anzac Day will live on. The memories of the Anzac Day Centenary commemorations in Sydney will remain with me for years to come.’