The QSuper Defined Benefit account is closed to new members.

Did you know...
A Defined Benefit account gives you a package of benefits.

Rebecca Sheppard
QSuper member since 1996

A Defined Benefit account gives you a package of benefits and uses a formula of a multiple times your salary to calculate your retirement benefit.

Key features

• Fixed calculation of benefits
  Your benefit is your salary times a multiple that grows each year of contributing membership. Multiples are shown in the table below.
• Income protection insurance
  Receive a pension of 75% of your previous 1 July salary.
• Death and total and permanent disability benefit
  You never know what's around the corner, so it's important to know you and your dependents are able to cope if you are disabled or die.

How does my retirement benefit grow?

The more you pay, the faster your multiple grows, as shown in the table below.

^Please note: police officers have different contribution rates.
*Only available for members who are catching up their contributions after previously paying at a rate less than 5%. Find out more.

How is my retirement benefit calculated?

Your benefit is your salary times a multiple that grows with each year of contributing membership.

Example

Andy has had a QSuper Defined Benefit account for the past ten years. He has always paid member contributions at a rate of 5% of his salary and his final average salary is $44,500. Andy's benefit is calculated as follows: