Alert Pensioners: We've published CPI calculations for July 2024 & the pension will increase by 1.6% (2.2% for DFRDB/DFRB over 55). See the calculations

PSS customers claiming benefits over age 65

Did you know, PSS contributing customers 65 and over can access their entire benefit at any time without retiring?

28 Oct 2019

To access their benefit, PSS customers need to make a binding election to opt out of the scheme by completing the Election to cease membership form and the Preserved Age retirement form, both of which can be found in the forms section of our website. 

Note: Once the individual claims their benefit, they will be unable to continue contributing into PSS and generally cannot re-join at a later date. 

PSS customers who are eligible to join PSSap must join for at least one day. If they wish, they can then choose to move to another fund at any time—this doesn’t need to be on a payday. PSS customers who are not eligible to join PSSap can simply choose another fund.

We highly recommend that the individual seeks financial advice and calls the Customer Contact Centre on 1300 000 377 before making any decisions.
 

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