2019 Legislative changes
The Victorian Government recently passed legislative changes intended to ensure that ESSSuper Defined Benefit Scheme remain relevant in the contemporary workplace for emergency services employees. ESSSuper managed these changes by working with employers and supporting our members to ensure the benefits from these changes are understood and realised.
It’s particularly important to keep up to date with legislative changes that Government may announce in relation to super, as these could impact you in retirement.
ESSSuper strives to keep you, our members, informed of these changes and how they might affect you through our significant event notifications. It’s important you read this information, so you can make choices that are right for you.
Expanding our services
Our services are constantly expanding as we look towards our next 100 hundred years – and while ESSSuper isn’t a super fund that just anyone can join – we’re excited to offer our spouse account product to the eligible spouses of our members. We view spouse accounts as an opportunity for members to manage their super in a holistic way. As a family, there’s the simplicity of getting super reporting and updates from the same fund.
Do we ever truly retire?
Retirement is about having additional freedom. As you’ll see in this issue, it’s about shifting our focus to what matters most to us.
Our Working Income Stream is a product for members wanting to ease into retirement. Federal Government transition-to-retirement rules mean members that have reached preservation age can now choose to cut back to part-time work, while supplementing their salary with income stream payments. In retirement, members can choose our award-winning Income Stream products^, to suit their retirement income lifestyle needs.
I hope you enjoy our summer issue of Super News. Our aim is to keep you informed about the latest developments, as well as engaged in what superannuation means for you.
I wish you and your family all the very best for the year ahead.
Regards,
Mark Puli
Chief Executive Officer