Retirement income options for former Defence members
Coming soon
A significant milestone for Defence members
The legislation that will enable eligible former Defence members to access CSC retirement income options has passed Parliament and is now progressing through implementation arrangements. This is an important step towards making CSC retirement income options available to eligible former Defence members.
CSCri for Defence could give eligible former Defence members more choice in how they turn their super into retirement income, while keeping their retirement savings invested with CSC.
*Availability of CSC retirement income options for eligible former Defence members is subject to final implementation arrangements.
More choice and flexibility in retirement
CSCri for Defence could give you more choice and flexibility in how you turn your super into a retirement income that suits your needs. It could support your transition from saving to drawing a regular income and help you continue your retirement journey with CSC.
What we know so far
Eligible former Defence members are one step closer to accessing more choice in retirement with CSCri for Defence. While some details are still being finalised, updates will continue to be shared on eligibility, how it will work and what it could mean for you.
Get the latest updates
There's nothing you need to do right now. We'll keep you updated as details are confirmed, so you’ll know what to expect and when CSC can assist.
FAQs
What is CSCri for Defence?
CSCri for Defence is an upcoming retirement income option for eligible ADF Super, MilitarySuper and DFRDB members. Subject to final implementation arrangements, it could give eligible former Defence members more choice in how they access their retirement savings and generate retirement income.
What are retirement income options?
Retirement income options help you make choices about your retirement income. They may combine retirement products, features and guidance to help you turn your super into a regular income stream. Depending on the options available, you may be able to keep your money working for you while drawing a regular income.
Why is this being introduced?
Retirement is changing, and you may be looking for more flexibility in how you use your super in retirement. CSCri for Defence aims to help you shape the retirement you want by:
- providing more choice and flexibility in how you use your super in retirement
- supporting your transition from building super to drawing retirement income
- helping you keep your retirement savings invested with CSC.
Who will be eligible?
Eligibility hasn’t yet been finalised and will depend on legislation and implementation details.
You may be eligible if you:
- are a former ADF member, and
- have a releasable lump sum from an eligible CSC military super fund.
This includes members from ADF Super, MilitarySuper and some DFRDB arrangements where a lump sum could be used to start a retirement income stream.
Can I keep my super with CSC?
If CSCri for Defence is introduced, you may be able to keep your super invested with CSC while accessing retirement income options, subject to eligibility requirements. Final arrangements will depend on legislation and implementation details, and we'll provide more information as it becomes available.
What options may be available?
CSCri for Defence is expected to offer options that allow you to convert your super into a regular income stream while continuing to benefit from investment returns. You may be able to keep your retirement savings invested with CSC while drawing a retirement income.
How is this different from my current benefits?
CSCri for Defence is intended to complement your existing super arrangements, not replace them. It may provide additional retirement income options if you want to convert a lump sum into an income stream and keep your retirement savings with CSC.
When will CSCri for Defence be available?
The legislation has reached a significant milestone and preparations for launch are underway. Timing will depend on final implementation arrangements. We’ll share more information as soon.
Do I need to do anything right now?
No, there’s nothing you need to do at this stage.
Will this affect my current super account?
No, there are no immediate changes to your account. If CSCri is introduced, we’ll explain what it means for you and the options available.
How will I be kept informed?
We’ll keep you updated as more information becomes available. We’ll let you know what it means for you and when any action may be required.