The CSS Member Statement Guide

More documents

Recommendations

Info

The guide Use the following guide to help you navigate the different sections of your Member Statement. Contributing Member Statement 1 July 2012–30 June 2013 Your benefit options Please refer to your Member Statement Guide for further explanation. Amounts on this Statement are based on information supplied by employers and may be subject to adjustment. Further information explaining parts of this Member Statement can be found in your Member Statement Guide provided in this pack. Your resignation benefit Your age retirement benefit Your details *Are your details incorrect? If so, please let your personnel section know. What you would have been What you would have been Name* Your options if you resign allocated on exit on 30/6/13Your contribution Your options rate at 30 if you June retire 2013* allocated on exit on 30/6/13 1. Preserve total benefit 1. CPI-indexed pension* in the CSS (per year) Date of birth* Your employment status at 30 June 2013* (generally a deferred CPI-indexed Plus Deferred employer benefit Plus Lump sum pension entitlement) † Account (AGS) number Your hours per OR fortnight 2. CPI-indexed at 30 June pension* 2013* OR 2. Lump sum now (per year) Plus Lump sum paid into Plus Non-indexed pension Remember to quote your a AGS rollover number fund when making enquiries about your superannuation. (per year) Your superannuation salary at 30 June 2013* Tax File Number provided* If you have not reached your preservation age at claim date, payment of your lump Plus Lump sum † sum will be limited to the amount of your SIS upper limit. The remainder will Based on your salary remain and recognised preserved allowances in a rollover at your institution most recent until birthday. you reach For members your preservation working age. OR 3. Lump sum † (ex-provident part-time, the salary shown is the amount you would receive if you were working full-time. account members only) Your membership commenced on* Your period of contributory membership * A pension adjusted twice-yearly, based on increases in the Consumer Price Index (CPI). Rate of allotment of net earnings 1/7/12 to 30/6/13 # # See page 1 of the Member Statement Guide for an explanation of the calculation of this rate. † Includes productivity if administered by ComSuper, any super co-contributions CSS investment and transfer amounts. 1 year to 5 years to 10 years to option performance 30 June 2013 30 June 2013 30 June 2013 Default Fund 13.6% 3.3% 6.8% Cash Investment Option 2.8% 3.7% 4.4%• This is important The information in this Member Statement Guide (MSG) is general information only and has been prepared without taking into account your personal objectives, financial situation or needs. You should consider any advice in this MSG in light of your personal objectives, financial situation or needs before acting on it. You may wish to contact a licensed financial planner to do this. If you are looking at acquiring a financial product, you should obtain a product disclosure statement (PDS) and consider its contents before making any decisions. This document is part of your periodic statement for your CSS super account and was prepared on 15 August 2013 by the Commonwealth Superannuation Corporation (CSC) ABN: 48 882 817 243 AFSL: 238069 RSEL: L0001397, Trustee of the CSS ABN: 19 415 776 361 RSE: R1004649. The components of your periodic statement are the Member Statement, Transaction Summary and Member Statement Guide (MSG). The 2012–13 Annual Report will be available online at css.gov.au We are required to provide you with any additional information you may reasonably need to understand your investment in the CSS, including your benefit entitlements (such as death and invalidity benefits). Details of investment options that may be available to you are also available on request from CSC. To access or request this information, please contact us as set out in the Contact us section of this MSG. The invalidity and death benefits provided below are the default options provided • Please by note the CSS that the that cash are investment payable to option either commenced you or your on dependants. 1 December 2004 Please and refer this to your Member Statement Guide to see if there are any other benefit options available to you. The figure below reflects amounts the performance have been from calculated 1 December assuming 2004 to 30 that June your 2013. benefit would not be reduced All returns are calculated as the compound average rate of earnings after fees and taxes. because of the application of a BCC. Be aware that long-term performance figures outlined above are for the investment options as a whole and are not your personalised investment returns in CSS. Your benefit if you are retired on invalidity Your death benefit Your super details Your options if you become What you would have been an invalid allocated on exit on 30/6/13 Your value in the Fund is made up of the following components: Maximum pension Benefit component What you would Contributions/ Plus Lump sum have been allocated Amounts received on exit on 1/7/12 1/7/12 to 30/6/13 1. Your member component consisting of basic contributions and earnings Your eligible spouse’s option if What would have been you die allocated on exit on 30/6/13 Maximum pension Fund What you would have Plus Lump sum earnings been allocated on 1/7/12 to 30/6/13 exit on 30/6/13 OR Lump sum payable to your estate and supplementary contributions and earnings 2. Your productivity component 3. Super co-contributions 4. Transfer amounts 5. Total equity (1+2+3+4) Other important information Benefit classification certificate (BCC) Superannuation guarantee top up Contributions paid since 30/6/07 Your preservation age Minimum amount on exit Your SIS upper limit Ex-provident account member Your preserved benefit at 30/6/13 Restricted units Your restricted non-preserved benefit at 30/6/13 Rejected units Your unrestricted non-preserved benefit at 30/6/13 Age 60 units Investment option Your surcharge debt Your total surcharge debt from the Australian Taxation Office’s (ATO) assessment of your surchargeable contributions. Surcharge debt Surcharge debt incurred Payments Interest Surcharge debt at 1/7/12 1/7/12 to 30/6/13 1/7/12 to 30/6/13 1/7/12 to 30/6/13 at 30/6/13 CCMSP2 2013 i
Date of birth* Your employment status at 30 June 2013* in the CSS Plus Deferred employer benefit (per year) (generally a deferred CPI-indexed Plus Lump sum pension entitlement) † Account (AGS) number Your hours per fortnight at 30 June 2013* OR 2. CPI-indexed pension* OR 2. Lump sum now (per year) Three simple steps to guide you through Plus Lump sum paid into Plus Non-indexed pension Remember to quote your AGS number when making enquiries about your superannuation. a rollover fund (per year) Your superannuation salary at 30 June 2013* Tax File Number provided* If you have not reached your preservation age at claim date, payment of your lump Plus Lump sum † sum will be limited to the amount of your SIS upper limit. The remainder will remain preserved in a rollover institution until you reach your preservation age. Based on your salary and recognised allowances at your most recent birthday. For members working OR 3. Lump sum † (ex-provident part-time, the salary shown is the amount you would receive if you were working full-time. account members only) Your membership commenced on* Your period of contributory membership * A pension adjusted twice-yearly, based on increases in the Consumer Price Index (CPI). Rate of allotment of net earnings 1/7/12 to 30/6/13 # CSS investment option performance 1 year to 30 June 2013 5 years to 30 June 2013 10 years to 30 June 2013 † Includes productivity if administered by ComSuper, any super co-contributions and transfer amounts. Cash Investment Option 2.8% • Please The invalidity note that the and cash death investment benefits option 1. Your super details figure Statement (see reflects the Guide page performance to see if from there 1) 1 December are All because returns are of calculated the application as the compound of a BCC. are payable to either you or your dependants. Please refer to your Member have 2. been calculated Your assuming that your benefit would not reduced options (see page 3) 3.7% 4.4%• provided commenced below on are 1 December the default 2004 options and this provided by the CSS that any other 2004 benefit to 30 June options 2013. available to you. The below amounts average rate of earnings after fees and taxes. Be aware that long-term performance figures outlined above are for the investment options as a whole and are not your personalised investment returns in CSS. Your benefit if you are retired on invalidity Your death benefit Your super details Your options if you become an invalid Your value in the Fund is made up of the following components: Maximum pension What you would have been allocated on exit on 30/6/13 Your benefit options What Please would refer have to been your Member Statement Guide for further explanation. Your eligible spouse’s option if you die allocated on exit on 30/6/13 Maximum Your pension resignation benefit Your age retirement benefit Benefit component What you would Contributions/ Fund What you would have What you would have been What you would have been have been allocated Amounts received Plus Lump sum earnings been allocated on Plus Lump Your sumoptions if you resign Your options if you retire allocated on exit on 30/6/13 allocated on exit on 30/6/13 on exit on 1/7/12 1/7/12 to 30/6/13 1/7/12 to 30/6/13 exit on 30/6/13 1. Preserve total benefit 1. CPI-indexed pension* in the CSS OR (per year) 1. Your member component (generally a deferred CPI-indexed Lump sum Plus payable Deferred to your estate employer benefit Plus Lump sum pension entitlement) † consisting of basic contributions and earnings OR 2. CPI-indexed pension* OR 2. Lump sum now (per year) and supplementary contributions and earnings Plus Lump sum paid into Plus Non-indexed pension a rollover fund (per year) 2. Your productivity component If you have not reached your preservation age at claim date, payment of your lump Plus Lump sum † 3. Super co-contributions sum will be limited to the amount of your SIS upper limit. The remainder will remain preserved in a rollover institution until you reach your preservation age. OR 3. Lump sum † (ex-provident account members only) 4. Transfer amounts * A pension adjusted twice-yearly, based on increases in the Consumer Price 5. Total equity (1+2+3+4) Index (CPI). † Includes productivity if administered by ComSuper, any super co-contributions Other important information and transfer amounts. # See page 1 of the Member Statement Guide for an explanation of the calculation of this rate. Default Fund 13.6% 3.3% 6.8% Benefit classification certificate (BCC) Superannuation guarantee top up Contributions paid since 30/6/07 Minimum amount on exit Your preservation age The invalidity and death benefits provided below are the default options provided by the CSS that are payable to either you or your dependants. Please refer to your Member Your SIS upper Statement limit Guide to see if there are any other benefit options available to you. The below amounts have been calculated assuming that your benefit would not be reduced because of the application of a BCC. Ex-provident account member Your preserved Your benefit benefit at if 30/6/13 you are retired on invalidity Restricted units Your restricted Your non-preserved options if you become benefit at 30/6/13 What you would have been an invalid allocated on exit on 30/6/13 Rejected units Your unrestricted Maximum non-preserved pension benefit 30/6/13 3. Other important information (see page 6) Age 60 units Investment Plus option Lump sum Your death benefit Your eligible spouse’s option if you die Maximum pension Plus Lump sum What would have been allocated on exit on 30/6/13 Your surcharge debt Your total surcharge debt from the Australian Taxation Office’s (ATO) assessment of your surchargeable contributions. Surcharge debt Surcharge debt incurred Payments Interest Surcharge debt at 1/7/12 1/7/12 to 30/6/13 1/7/12 to 30/6/13 1/7/12 to 30/6/13 at 30/6/13 Lump sum payable to your estate OR CCMSP2 2013 Other important information Benefit classification certificate (BCC) Superannuation guarantee top up Contributions paid since 30/6/07 Your preservation age Minimum amount on exit Your SIS upper limit Ex-provident account member Your preserved benefit at 30/6/13 Restricted units Your restricted non-preserved benefit at 30/6/13 Rejected units Your unrestricted non-preserved benefit at 30/6/13 Age 60 units Investment option ii
Page 1: The CSS Member Statement Guide for
Page 5 and 6: Transfer amounts This section shows
Page 7 and 8: The amounts shown in this section r
Page 9 and 10: Calculation of spouse’s pension N
Page 11 and 12: IMPORTANT The following details are
Page 13 and 14: Feedback If you have a complaint, y
Page 16: email members@css.gov.au web www.cs

The CSS Member Statement Guide

Create successful ePaper yourself

Delete template?

Save as template?