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Explanatory Memorandum

Introduction of the Military Superannuation and Benefits Scheme (MSBS)

A summary of the Military Superannuation and Benefits Scheme

The Next Step is to inform you of what will happen between now and the day you will need to make a decision about transferring from the DFRDB Scheme to the MSBS.

This leaflet is a guide to the taxation provisions that apply to the Defence Force Retirement and Death Benefits (DFRDB) scheme. In the event of any discrepancy between this leaflet and the Defence Force Retirement and Death Benefits Act, 1973, or…

In June 1986, as part of a National Wage Case, the Conciliation and Arbitration Commission allowed employers and unions to negotiate superannuation arrangements costing no more than 3 % of wages. These arrangements are generally referred to as 3 …

While the majority of benefits for single and married members are identical in the DFRDB Scheme and MSBS, death benefits do differ. This leaflet provides information on death benefits which may be of interest to you if you do not have a spouse or any…

This leaflet tells you about some of the important features of the MSBS.

When you contribute to the MSBS you are not only providing a superannuation benefit for your retirement, but also an insurance benefit for your dependants or estate in the event of your death. In the MSBS, spouses, children and orphans are regarded…

ADF members must maintain a high standard of fitness. Many servicemen and women have to retire from the ADF as invalids even though they are not permanently disabled. Most are able to find new jobs as civilians. The aim of the MSBS is to give…