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ACCUMULATION SCHEME (DIVISION A)
Who can join?
In order to join the Scheme you must either be:
- employed by an employer who is participating in
the Scheme and joined by the employer by making
contributions and providing information in relation
to you; or
- a spouse of such an employee.
Participating employers are termed as Energy Industries
employers.
Please see the Accumulation Scheme PDS for more details.
Summary of the Scheme
The Scheme is an employer-sponsored superannuation
fund for employees of participating employers from certain
Energy Industries bodies in NSW. Spouses of employees
can also join the Scheme in some circumstances. In
this PDS, all participating employers are called ‘Energy
Industries employers’.
The Scheme has been designed to provide you with
flexible superannuation that you can tailor to address your
lifestyle needs, both now and in retirement.
Your employer contributes to the Scheme on your behalf.
You have a large degree of control over the pace at which
you contribute to your retirement benefits.
In the meantime, the Scheme also provides benefits in the
event of your death, invalidity and on leaving employment
with a participating employer.
If you are no longer employed by a participating employer,
you cease to be eligible to remain as a full member in this
Scheme. Further information can be found in the PDS.
You and your spouse may retain your benefits in the
Scheme as inactive members but inactive members
cannot make any further contributions to the Scheme.
The Scheme is governed by a Trust Deed. When you join
the Scheme you are bound by the Trust Deed.
Warning: Due to superannuation laws and depending
on individual circumstances, members may not be
able to make cash withdrawals whenever they wish.
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