What happens to your super when you stop working for the WA public sector?
Currently, you can only have employer contributions paid into your GESB account by a WA public sector employer. This means you’ll need to have your new contributions made to another super fund. However, we’re working on making changes so that in the future you can keep your private sector contributions going to a GESB Super account. Read more about the upcoming changes.
In the meantime, you can ask your employer who their default super fund is, or choose your own fund to have your private sector contributions paid into.
When you’re choosing a fund, it’s important to find out:
- What are the fees and charges?
- Does the fund offer life insurance, and how much does it cost?
- Does the fund offer investment options and strategies that are right for you?
- What more does the fund offer you?
- Does the fund have a proven track record in providing services to your industry?
Can you keep your GESB account?
Even if you have your employer contributions paid into another super fund, you can still keep the account you hold with us.
If you have a West State Super or GESB Super account, you can keep your account open and even make your own contributions to the fund. West State Super has a number of unique features that are worth knowing about.
If you have Gold State Super, your account becomes deferred and you can access this when you turn 55. Find out more about the different rules that apply if you were made redundant on or after 30 December 1995.
What happens to your insurance cover?
If you currently have insurance in your GESB Super or West State Super account, you can keep your Death and Total & Permanent Disablement cover. Your Salary Continuance Insurance cover will end because you will not be having employer contributions paid into that account.
If you have Gold State Super, your insurance only applies while you are contributing to the fund, so your cover will end.
Can you close your account and roll your super into a new fund?
If you have Gold State Super, your account becomes deferred and you can access this once you turn 55.
If you’re a GESB Super or West State Super member, you can transfer your super into a new fund and close your account - but we recommend that you make an informed decision.
Read the information in the pages listed below so that you can understand the unique benefits available to you if you’re a West State Super or Gold State Super member, as your decision may be irreversible. We also strongly recommend you seek financial advice relevant to your situation before making a decision.
More information
Need help
- Call us on 13 43 72
Thank you for printing this page. Remember to come back to gesb.wa.gov.au for the latest information as our content is updated regularly. This information is correct as at 29 March 2024.