The Defined Benefit account is closed to new members.
Feel good about your super today, knowing you'll receive a defined benefit later
Calculated using a formula
Your retirement benefit is calculated by multiplying a number which reflects both your years of service and your contribution rate (your multiple) with your final salary. Estimate your final benefit.
Not impacted by market movements
With a Defined Benefit account, your employer bears the investment risk so your retirement savings aren't subject to market fluctuations.
Confidence in retirement
Enjoy the benefits of a QSuper Defined Benefit account
A generous scheme
The average QSuper Defined Benefit account member retires with a balance around 3 times the Australian average.1
Your Defined Benefit account provides benefits at no direct cost to you.
A secure way to save
The is required to pay your Defined Benefit, so you can enjoy peace of mind knowing you'll receive your super when you retire.
Protecting your future
As a Defined Benefit account member, you automatically receive insurance to protect you and your family
If you are temporarily unable to work due to illness or injury, income protection cover can provide you with a regular income for up to two years to help meet your living expenses.2
Total and permanent disability (TPD) cover
If you are unlikely ever to work again due to a total and permanent disablement, TPD cover can pay a benefit to assist with your expenses. If you are deemed TPD under age 55, you have the option to receive a defined pension instead of a lump sum.
If you die, death cover can keep your loved ones financially secure by providing a benefit. If you have dependent children, they could receive a fortnightly pension.
Learn more about insurance
Turn your Defined Benefit into an income stream
Transition to Retirement (TTR) income account
You can transfer part or all of your Defined Benefit to our award-winning TTR Income account if you're still working and have reached your preservation age.3 A TTR Income account can be used to reduce your work hours without reducing your income or as part of a tax strategy in the lead up to retirement.
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Retirement Income account
If you want to turn your super into an income once you stop working, you can transfer your Defined Benefit to our award-winning Retirement Income account. As your money stays invested, your savings can continue to grow. You can also benefit from tax-free investment returns and no tax on payments or withdrawals after you turn 60.
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Exclusive member seminar
QSuper Defined Benefit members are invited to learn more about how their account works and get answers to some frequently asked questions.
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1. APRA reports the average balance of a person aged between 60-64 years old as $183,313 as at 30 June 2020, in the Annual Superannuation Bulletin issued 29 January 2021. QSuper Defined Benefit members aged between 60-64 years old have an average QSuper total balance of $544,187 as at 30 June 2020. Please note, Defined Benefit members tend to be working in long-serving positions and may have experienced more time in employment than the average Australian. Also, the figures reported by APRA may be lower because Australians can have super in more than one super fund and the APRA figures show an average from each fund, whereas Defined Benefit members are more likely to have more of their super with us due to the long-standing nature of working for the Queensland Government and additional amounts in Accumulation accounts. These figures are provided for illustrative purposes only.
2. This does not apply to Queensland Police Officers and members of the Legislative Assembly.
3. When you transfer funds from a Defined Benefit account to a TTR account, we will reduce your multiple to reflect the amount of funds you transferred out. Refer to the Defined Benefit Guide (pdf) for more information.