Minimum requisite benefit

When the final Gold State Super benefit is calculated, GESB will complete another calculation to ensure that the employer-funded share of the benefit exceeds the minimum amount required under the Commonwealth’s Superannuation Guarantee (SG) legislation. This calculation is known as the minimum requisite benefit (MRB).

If the MRB exceeds the Gold State Super benefit, then an additional amount will be paid equivalent to the shortfall.

This amount will be paid as an additional benefit to a current West State Super account, a GESB Super account, or an external fund of the member’s choice.