If you transfer employment to work for the SA Government, you can choose to become a retained member in ElectricSuper and enjoy the ongoing benefits of investment choice, no admin fees on your retained benefit and continued insurance through ElectricSuper, or you can roll your funds to Super SA. You need to check the conditions of the transfer carefully before accepting a transfer offer.
If you transfer to another employer, even if they are interstate, your new employer can pay into your retained Division 5 (Accumulation) account. Give them a Standard Choice Form to get started. If you are in the Lump Sum, Pension or RG Scheme and wish to maintain your entitlement in that scheme, you will need to speak to your new employer and make sure they are willing to pick up the employer cost and obligations that go along with a defined benefit scheme.
If you are in a defined benefit scheme (Division 2, 3 or 4), the decision to roll your super to another division if you are transferring between electricity providers (for example, from SA Power Networks to ElectraNet) will depend on what division of ElectricSuper you are in and what conditions you were employed under. Speak to us on 1300 307 844 for more information.