Important information for members with deferred benefits

What is a 'deferred' benefit and how could this affect me?

When you stop contributing to your Gold State Super account, we calculate your Final Benefit using your contribution history and information from your employer. These funds remain in GESB in a Gold State Super deferred account until you are eligible and ready to access your benefit.

Your Gold State Super deferred account accrues interest at CPI +1% for members aged under 55 and at CPI + 2% for members aged 55 or over.

This can happen when you:

• Resign from the WA public sector or reduce your work hours to less than one hour a week
• Accept voluntary severance or are made redundant from the WA public sector
• Withdraw from Gold State Super as a contributing member

You may also have deferred benefits that were previously transferred to Gold State Super from a past WA public sector scheme, such as the WA Public Sector Pension Scheme or the Non-contributory Service Scheme.

What do I need to do?

If you would like to know what happens to your benefit when it is deferred, and find out what your options are for accessing your benefit, you should read this information.

Regardless of your current situation, understanding your options may help you to prepare for the unexpected and plan for a better retirement.

More information

Access important information on deferred benefits.

If you are unsure whether you have a deferred benefit, check your last statement, login to Member Online or contact your Member Services Centre on 13 43 72.