A redundancy, whether it’s voluntary or not, can have a significant impact on your super. Understanding your options can make a real difference down the line.
Understanding your options when you experience a redundancy can make a real difference to your super. Whatever you choose may have long-term implications.
If you accept an offer of redundancy, you may be entitled to a redundancy benefit from PSS.
You may also be entitled to one if you are retired on inefficiency grounds, as a result of having lost essential qualifications or, in restricted cases, on termination of contracts.
A redundancy benefit is not payable following completion of a fixed-term contract, however a resignation benefit may be payable.
If eligible for a redundancy benefit, there are several options you should carefully consider. Please read our Redundancy factsheet for more information.
We're here to help.
Redundancy can be complex and stressful. We understand that and we’re here to guide you through the whole process. Give us a call on 1300 000 377 to discuss your options.