Super
I have enough money to last me the rest of my life, unless I buy something.
Defined and Accelerated Benefits
Quadrant runs a number of other funds for various employer groups in Tasmania. These defined and accelerated benefit funds work in a different way to the regular accumulation style accounts. To find out more detailed information on how these funds work please refer to the relevant Member Guide or the latest Quadrant Annual Report.
Defined Benefits Funds
As a member of one of these funds, your super is worked out according to a formula based on a range of factors, which may include your salary and the number of years you've been a member of Quadrant. Using a formula means the amount of your benefit can be defined in advance.
For more information about each of Quadrant's Defined Benefits Funds please refer to the relevant fund summary below or to the 2008/2009 Quadrant Annual Report.
- Quadrant Defined Benefits Fund
- HCC Defined Benefits Fund
- LCC Defined Benefits Fund
- RACT Defined Benefits Fund
Quadrant Accelerated Benefits Fund
As a member of this fund, your super is accumulation style, which means it works in a similar way to a savings account with both your employer and your own contributions paid directly to your account.
Your money is invested using the same investment style as the Quadrant Defined Benefits fund. A three-year smoothing policy is used on interest credited to your account. You automatically receive death and total and disability insurance, the cost of which is paid out of your account. This fund is not available to new members.
For more information about the Quadrant Accelerated Benefits Fund please refer to the fund summary or to the 2008/2009 Quadrant Annual Report.
Please call us on 1800 222 209 if you have any questions regarding your Defined or Accelerated Benefits account.
Fees and costs
The expenses for the operation and management of the Quadrant Superannuation Scheme are allocated to members through direct fees and other management costs. Other management costs include all ongoing administration, investment management, expense recovery and other fees charged by the Scheme. Any direct fees charges to a members account will be reflected in their annual benefit statement as a separate total.
Any other management costs for Quadrant are calculated based on the actual costs incurred for the overall Scheme and apportioned to the relevant Defined Benefits/Accelerated Benefits fund. The crediting rate declared is net of the other management cost shown below for the operation of the Scheme.
Other management cost as at 30 June 2009:
| Quadrant Defined Benefits fund | 1.46% |
| RACT Defined Benefits fund | 1.46% |
| HCC Defined Benefits fund | 1.46% |
| Accelerated Benefits fund | 1.46% |
| Retained Benefits fund | 1.46% |
| LCC Defined Benefits fund | 0.81% |
