Defined benefit funds
Our first fund opened in 1922, and now we manage and administer 11 super funds—set up solely to meet the needs of those who serve as Australian Government employees and members of the Australian Defence Force.
Commonwealth Superannuation Scheme (CSS)
CSS was established on 1 July 1976, and closed to new members on 30 June 1990.
Read more about Commonwealth Superannuation Scheme (CSS)Public Sector Superannuation (PSS)
PSS was established on 1 July 1990, and closed to new members on 30 June 2005.
Read more about Public Sector Superannuation (PSS)Defence Forces Retirement and Death Benefits (DFRDB)
DFRDB was established on 1 October 1972, and closed to new members on 30 September 1991.
Read more about Defence Forces Retirement and Death Benefits (DFRDB)MilitarySuper (MSBS)
MilitarySuper was established on 1 October 1991, and closed to new members on 30 June 2016.
Read more about MilitarySuper (MSBS)Additional closed funds
DFRB – Defence Forces Retirement Benefits
- DFRB is a closed military scheme with no contributing members.
- Established in 1948, this scheme closed to new contributors on 30 September 1972.
- Members contributing at that time the scheme was closed automatically transferred to DFRDB on 1 October 1972.
- DFRB continues to provide the benefit entitlements for customers who ceased to be contributors before 1 October 1972, and for reversionary benefits to eligible spouses and children.
PNG – Papua New Guinea Superannuation Fund
- PNG is a closed public sector scheme with no contributing members.
- Constituted under the Superannuation (Papua New Guinea) Ordinance 1951, PNG provided retirement benefits for employees of the administration of the Territory of Papua and New Guinea.
- Since the PNG closed on 1 July 1976, the scheme has been administered in accordance with section 38 of the PNG Act.
The Pension Scheme (1922 scheme)
- The 1922 scheme, which was established under the 1922 Act, is a closed public sector scheme with all members receiving a pension.
- The 1922 scheme closed on 30 June 1976 and members contributing to the 1922 scheme transferred to CSS, when CSS opened on 1 July 1976.
- The 1922 Act continues to provide for pension payments and any reversionary pensions that become payable.
Accumulation and defined benefit super funds. What’s the difference?
Find out more about how super works.
Learn more about Accumulation and defined benefit super funds. What’s the difference?Video resources
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