If you finish up with a Queensland Government or related entity employer, it may affect the insurance you have with QSuper. We’ve answered some of the most common questions about redundancy below. But every redundancy offer is a little different, so you should have a chat to someone in your HR team about the specific conditions of your agreement. You can also find more information in the Accumulation Account Insurance Guide or Defined Benefit Account Guide.

Defined Benefit account members

I've secured employment with another Queensland Government employer, what happens to my insurance? 

If you’re eligible to be re-employed by the Queensland Government and you’re appointed within one month of leaving, you may be eligible to continue your Defined Benefit account membership, provided you haven’t withdrawn any of your benefit from this account. The standard insurance benefits of income protection, total and permanent disability (TPD) and death cover will continue. 

If you’re eligible to continue your Defined Benefit account membership, you’ll need to let your new pay office know that your contributions should be paid to your existing Defined Benefit account. You can find out more in the Defined Benefit Account Guide

What if I don't secure employment with another Queensland Government employer? 

If you leave employment with the Queensland Government, your Defined Benefit account will be closed and your benefit will be moved to an Accumulation account. 

If you don’t have additional insurance cover, you’ll automatically receive the default level of Death and TPD insurance cover that relates to your new employment situation. Your insurance will be subject to eligibility criteria and exclusions.  Also, if you hold additional insurance cover in a separate QSuper Accumulation account, this cover will continue when you leave Queensland Government employment.

If you are aged between 16 and 64 you’ll receive unitised income protection at an equivalent level to the income protection cover you had in the Defined Benefit account.

You can find more information about Accumulation account insurance in the Accumulation Account Insurance Guide

Accumulation account members 

What happens to my insurance arrangements? 

Your current level of death and TPD cover will continue automatically when you stop working for the Queensland Government or a related entity employer, if you meet the eligibility criteria. You can find more information in the Accumulation Account Insurance Guide

To check your insurance arrangements you can call our Redundancy Hotline on 1300 360 740

What about income protection? 

When you stop working for a Queensland Government or related entity employer, your income protection cover will stop. However, if you have a non-Queensland Government employer contribute to QSuper for you, you can apply for income protection insurance – you’ll just need to fill out a Change of Insurance form

 There’s more information about insurance in the Accumulation Account Insurance Guide.

Download the Redundancy factsheet

1. QInvest Limited (ABN 35 063 511 580, AFSL and Australian Credit Licence Number 238274) (QInvest) is ultimately owned by the QSuper Board (ABN 32 125 059 006) as trustee for QSuper (ABN 60 905 115 063), and is a separate legal entity responsible for the financial services and credit services it provides. Advice fees apply.