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About Your 2010-11 contributing member Statement

Your details

Check your personal details carefully and notify us if they are incorrect.

If you have a valid Access Number, you can personally update your details through Member Services Online.

Tax file number provided

If you have not supplied your Tax File Number (TFN), please contact the DFRDB Customer Service Centre on 1300 001 677 and provide us with your TFN over
the phone.

Contributions

This is the contributions you have made to the DFRDB Scheme during your membership.

Productivity benefit

Your employer pays for a Productivity Benefit that accrues separately from other DFRDB benefits. The Productivity Benefit must be kept preserved until you reach your preservation age and retire from the workforce.

Preservation ages

Date of birth Preservation age
Before July 1960 55
July 1960 to June 1961 56
July 1961 to June 1962 57
July 1962 to June 1963 58
July 1963 to June 1964 59
After June 1964 60

Interest Paid

Interest was paid at the Long Term Bond Rate. This rate was 5.65% p.a. for the period 01/07/10 to 31/12/10 and 5.51% p.a. for the period 01/01/11 to 30/06/11.

Surcharge debt

If you have a surcharge debt at 30 June 2011, it will appear in this section. Your surcharge debt can be paid in part or full during the period of your membership. Any surcharge amount outstanding at the time the benefits are claimed will be recovered at that time. The outstanding surcharge debt at the end of each financial year will be charged interest at the 10-year Treasury Bond rate which, for the 2010/2011 financial year, is 5.210%.

Withdrawal benefit

This section represents your benefit for less than 20 years of service and is calculated as at 30 June 2011.

Resignation Benefits

Resignation benefits include your compulsory 5.5% contributions made during your service, plus an Employer Component which comprises a Productivity Benefit and a Super Guarantee amount.

Retirement benefit

This section represents your benefit on completion of 20 years service, or 15 years service and have reached your retiring age for rank. This is calculated as at the 30 June 2011.

Full Pension plus Productivity Benefit

A Full Pension will consist of a portion not subject to CPI Indexation. The portion not subject to CPI Indexation is the difference between the Residual Pension amount and the Full Pension amount.

Residual pension - CPI index - on entire pension

This section represents your benefit on completion of 20 years service, or 15 years service and have reached your retiring age for rank. This is calculated as at the 30 June 2011.

Residual Pension amount, plus Lump Sum Commutation, plus Productivity Benefit

If you elect to take the option of a commutation amount and a Residual Pension; the whole amount of the Residual Pension is subject to the CPI Indexation.
Please note:

  • ‘Commutation’ is the lump sum prepayment of part of your benefit
  • Commutation of a benefit results in a PERMANENT REDUCTION in your pension
  • If you outlive your life expectancy your pension is NOT restored to the pre-commutation rate.
  • Please refer to the DFRDB Book for the life expectancy factors.

Important information

Benefit entitlements shown on this statement do not take into account any reduction due to an unpaid superannuation debt related to the purchase of past service. For further details on calculations of benefits please refer to the DFRDB Book: About Your Scheme.

Benefit entitlements shown on your statement include the Notional Retiring Age reduction where applicable (this applies to Officers only).

If you were an Officer Member of the DFRB Scheme before 01/10/1972 you may be entitled to a higher rate of benefit on your retirement from the Defence Force in return for payment of additional contributions. To check your eligibility call 1300 001 677.

No fees or charges are deducted from your superannuation entitlements.

If you have any enquiries regarding your Member Statement or Scheme membership please call 1300 001 677.

Note: A DFRDB pension benefit may be suspended during certain period(s) of re-entry to the Defence Force.

This information provides a guide to your benefit entitlements as at 30 June 2011 and was prepared in August 2011. These entitlements are based on your current record, and are subject to change should there be any amendments to details on which the information is based. You should seek a benefit estimate from DFRDB prior to withdrawing any part of your benefit.

Download a copy of the About Your Statement Guide for Contributing Members 2010-11 (PDF 361K)