Member's Guide to ADF Pay and Conditions in Australia – see Disclaimer
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12.2 Why
is superannuation important?
Superannuation is about
providing income for your retirement. Your retirement savings grow in two ways.
You pay into your superannuation scheme, and Defence also pays into your scheme
for you. Benefits are usually paid when you retire from the workforce. If you
are discharged due to injury or illness you may be eligible to receive benefits
from your scheme. If you die, your dependants may be eligible to receive
benefits from your scheme.
ADF members pay into one of
two superannuation schemes.
·
the Defence Force Retirement and Death Benefits (DFRDB)
Scheme. (This scheme was closed to new members on 1 October
1991).
·
Military Superannuation and Benefits
Scheme (MSBS). This is commonly known as Military Super.
Why do you need to know
about superannuation?
Superannuation provides for
your future, so it is important to make plans early. It can be complex so
it is important that you know how your scheme works. This will help you to make
decisions that will affect your future.
Where do I get information
and help?
The amount of your
superannuation will affect the type of retirement you can afford. You need to
plan to get the retirement you want.
ComSuper administers your superannuation schemes. It has
several tools to give you information and help you make decisions.
·
The ComSuper
site has links with detailed information on your superannuation scheme.
DFRDB:
http://www.dfrdb.gov.au/
Military
Super: http://www.militarysuper.gov.au
·
You can order Military Super books, leaflets, videos or
forms on-line from the ComSuper Publications ordering
service at http://www.militarysuper.gov.au/publications/order.html
·
DFRDB and Military Super seminars are
held often, throughout Australia. The seminars can be timed to fit in with
operational needs.
·
Your annual statement gives details of your
superannuation. You can also view or print it from the ComSuper
site, http://www.comsuper.gov.au.
·
ComSuper have telephone help lines.
DFRDB:
1300 001 677
Military
Super: 1300 006 727