What we provide

The CSS provides a long-term way for you to save for your retirement.

The CSS is a hybrid super fund. This means that it’s a combination of two types of funds—a defined benefit fund and an accumulation fund.

In a defined benefit fund, member benefits are ‘defined’ by a formula whereas in an accumulation fund, member benefits are determined by the value of contributions and investment returns.

A CSS retirement benefit can be taken as a pension or a combination of a pension and lump sum and is made up of three components.

Member component
Employer-financed component
Productivity component

What are the costs?

As a member of the CSS you don’t pay any administration fees or transaction costs–these costs are covered by your employer. The Fund deducts investment management costs from investment earnings before determining the crediting and exit rates you will receive.

The CSS pays no commissions to financial planners. We do have an investment in State Super Financial Services Australia Limited which provides financial planning services and Members Equity which provides home loan and banking services.

Find out more about fees, costs and taxes in our Product Disclosure Statement.