9.9 Preservation age

Date amended:

15 Aug 2017

External

Policy

'Preservation age' – the age at which preserved superannuation can be accessed by a retired member – varies according to the date of birth of the member.

Under the MSBS a person can access a pension only benefit at age 55 (the option to receive a lump sum is only available after the person reaches their preservation age).

Date of birth	Preservation age
Before 1 July 1960	55
1 July 1960 – 30 June 1961	56
1 July 1961 – 30 June 1962	57
1 July 1962 – 30 June 1963	58
1 July 1963 – 30 June 1964	59
After 1 July 1964	60

9.9.1 Superannuation Reviews

Annual reviews should be completed from age 55 and thereafter until the person’s entitlement has been paid or rolled over.