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one month of leaving, you may be eligible to continue your Defined Benefit account membership, provided you haven’t withdrawn any of your benefit from this account.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.
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 hold additional insurance cover in a separate Accumulation account, this cover will continue when you leave Queensland Government employment. If you don’t have additional insurance cover, you’ll automatically receive two units of standard death and TPD insurance cover when you leave Queensland Government employment. Your insurance will be subject to eligibility criteria and exclusions.
Income protection cover can’t be continued. But you can apply for income protection cover if you have a non-Queensland Government employer contribute to your QSuper account on your behalf and you meet the eligibility requirements.
You can find more information about Accumulation account insurance in the Accumulation Account Insurance Guide.
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.
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 the QSuper Fund (ABN 60 905 115 063), and is a separate legal entity responsible for the financial services and credit services it provides. Advice fees apply.
We can provide you with information to help you consider your options, or connect you with a QInvest1 financial adviser for more personal financial advice.