What are my election options on retrenchment?
The easiest way to find out about what your options are on retrenchment is to read the CSS product disclosure statement . Please read the section that describes involuntary retirement benefits before you contact us. By doing this, you will have a better understanding of your options and should be better placed to ask the right questions. A CSS member who is retrenched or who accepts an offer of redundancy, can choose one of the following involuntary retirement benefits: Preserve the total benefit — this option allows you to preserve (i.e. leave) your total benefit in the Fund for payment on or after attaining minimum retiring age (usually age 55). Maximum pension — (only available to members aged 31 or more). If you are over age 55, the benefit is a CPI indexed pension (the employer-financed part) and an additional non indexed pension (your member and productivity part). Alternatively, you can take the productivity part as a lump sum. If you are under age 55, you will receive a CPI ind
