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What is the difference between MSBS and ADF Super?

14th January, 2020

MSBS is a defined benefit fund that gives you access to a lifetime pension, indexed to inflation as well as a lump sum. It closed to new members on 30 June 2016. Your benefit is based largely on your years of service and final average salary; and to the contributions you make.

ADF Super is an accumulation fund. It commenced on 1 July 2016. You will receive a lump sum at retirement based on contributions and investment returns. You will decide how much income you draw down and you will be responsible for making it last throughout your retirement.

Both funds have advantages and disadvantages, however MSBS provides greater certainty when it comes to your retirement benefits. Therefore, we strongly recommend that if you are an MSBS member you should consider seeking financial advice before deciding to change to ADF Super.

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