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.