Down Load November 2006 Edition of Rail and Road

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*Rail and Road Nov 06 16/11/06 6:32 PM Page 66About Workers OnlineWorkers Online is the official journal of LaborNet, a union portal sponsored by theLabor Council of NSW in partnership with Social Change Online.The brief of Workers Online is to promote debate within the trade union movement,provide a platform for union stories and act as a counter-balance to the mainstreammedia’s coverage of workplace issues.Workers Online is recognised as a world-leader in union communications, joint winnerof the ACTU website of the year award in 2000 and runner-up in the Labourstartinternational website of the year for 2001. It is posted online every Friday and isemailed to about 5,000 subscribers across the globe.www.workers.labor.net.au66Rail and Road - October 2006
*Rail and Road Nov 06 16/11/06 6:32 PM Page 67STATE SUPERSAS Trustee CorporationADVERTORIALSASS – Issues to consider whenmaking an investment choiceChoosing an investment strategy givesyou more control over your retirementsavings. SASS gives members the choicebetween four strategies in whichcertain parts of your benefits in thescheme can be invested.Issues you may want to consider beforemaking an investment choice:■ Your investment timeframe.■ How comfortable you feel with thepossibility of investment capitalvalues and returns going up anddown.■ Where your non superannuationsavings are invested.In addition, you should consider seekingindependent professional financialadvice.WHAT INVESTMENT STRATEGY ISRIGHT FOR ME?The four investment choices offered inSASS have different proportions ofgrowth and income producing assets.Therefore it is important to understandthe nature of risk and the characteristicsof different assets that the schemeinvests in on your behalf.GrowthThis is the investment strategy in whichyour Personal Account Balance is investedunless you actively select anotherinvestment strategy. It is appropriate formembers with a long term investmenthorizon (10+ years) and a high toleranceto market volatility.BalancedThis strategy is appropriate for memberswho are looking for real growth with amedium term investment horizon(5 – 7 years).Conservative GrowthThis strategy is appropriate for memberswith a short term investment horizon(3 – 5 years) and a preference for security.CashThis strategy is appropriate for memberswith a very short investment horizon(up to 3 years).HOW DO I FIND OUT THE LATESTINVESTMENT RETURNS?Investment return information isavailable under the Investment Returnssection on the website.DOES MEMBER INVESTMENTCHOICE APPLY TO ALL OF MYBENEFIT?No. Investment choice only applies tocertain parts of your benefit.SASS members: Member investmentchoice only applies to your PersonalAccount Balance — and not to yourEmployer Financed Benefit.Deferred SASS members: Memberinvestment choice applies to your SASSEmployer Financed Benefit and PersonalAccount Balance.For both SASS and Deferred SASSmembers, your Basic Benefit and anyCommonwealth GovernmentCo-contribution or superannuationguarantee shortfall amounts areadditional benefits to those indicatedabove. Investment choice does not applyto those benefits.WHAT DO I DO IF I WANT TOMAKE AN INVESTMENT CHOICE?Once you have chosen the investmentstrategy that best suits your personalsituation, complete a SASS Choice ofInvestment Strategy form and post it toPillar Administration, the schemeadministrator. On receipt of the form,Pillar will arrange for the relevant partsof your benefit to be switched to yourselected strategy.The first switch in any financial year isfree of charge. For every additionalswitch made within a financial year, a feeof $25 will be charged.?Like moreinformation?FACT SHEETSSee the Fact Sheets on the webwww.statesuper.nsw.gov.au or callCustomer Service for a copy.CUSTOMER SERVICE(8.30 am to 5.30 pm Monday to Friday)SASS members: call 1 300 130 095Deferred SASSmembers: call 1 300 130 094www.statesuper.nsw.gov.auSASS_INVCHOI_LAMP_0906Disclaimer: Reasonable care has been taken in producing the information in thisadvertorial and nothing in it is to be regarded as personal advice. If there is anyinconsistency between the advertorial and the relevant scheme legislation, the schemelegislation will prevail.Neither the SAS Trustee Corporation nor its respective Boards or officers will be liablefor any decision taken on the basis of information shown or omitted from thisadvertorial. Members should seek professional advice before making decisions whichmay affect their future.
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