Our simple guide shows you exactly what to give your new employer.
Even if you’re exiting the industry or leaving the workforce entirely, you can still enjoy the benefits of being a retained member.
Taking us with you
Our simple guide shows you exactly what to give your new employer.
Even if you’re exiting the industry or leaving the workforce entirely, you can still enjoy the benefits of being a retained member.
You will need to give your employer your ElectricSuper account details. You can do this online in your my.Gov.au account:
Alternatively, download the choice of fund form below and fill in your contact details and ElectricSuper member number before giving it to your new employer.
Your employer may also ask for evidence that we’re a ‘complying super fund’. You can download the compliance information here too.
When you change jobs or leave the workforce entirely, as an ElectricSuper member, you will continue to pay no admin fees, have access to all the same investment options offered to active members and you can even keep Death, Total and Permanent Disablement or Disability Income Benefit cover (Income Protection) Insurance – though your cover and conditions of insurance may change. See our Insurance for Retained Member page for information.
If you are in Division 5, you will automatically transfer to the retained section of Division 5. If you are in Division 2, 3 or 4, simply choose the option ‘Retain in Division 5’ on your benefit payment form.
This is the case whether you work full-time, part-time or casually. It also applies if you have a second job – your second employer can contribute to ElectricSuper for you too. Just give your new employer the details of your ElectricSuper account online through your my.Gov.au account:
Alternatively, you can download, complete and hand them a hard-copy version of the Standard Choice form nominating ElectricSuper as your preferred super fund to get them started making contributions for you.
There are different scenarios that are considered a ‘transfer of employment’. You can read more about these on our Transferring Your Employment webpage.
If you transfer employment to work for the SA Government, you can choose to become a retained member in ElectricSuper and enjoy the ongoing benefits of investment choice, no admin fees on your retained benefit, and insurance through ElectricSuper, or you can roll your funds. You need to check the conditions of the transfer carefully before accepting a transfer offer.
If you transfer to another employer, even if they are interstate, your new employer can pay into your retained Division 5 (Accumulation) account. You can provide them your ElectricSuper account details using the online form in your my.Gov.au account.
Alternatively, you can download, complete and then hand them a hard-copy Standard Choice Form to get started. If you are in the Lump Sum, Pension or RG Scheme (Division 2, 3 or 4) and wish to maintain your entitlement in that scheme, you will need to speak to your new employer and make sure they are willing to pick up the employer cost and obligations that go along with a defined benefit scheme.
If you are in a defined benefit scheme (Division 2, 3 or 4), the decision to roll your super to another division if you are transferring between electricity providers (for example, from SA Power Networks to ElectraNet) will depend on what division of ElectricSuper you are in and what conditions you were employed under. Speak to us on 1300 307 844 for more information.
There are so many great reasons to stay:
For help managing your super and your membership.
When you change jobs, you may wish to make changes to protect your income and keep your finances on track. If you’re transitioning to a retained membership, you should note the differences to your available insurance options.
If you’re moving from being an active member to a retained member, you should note the differences to your Disability Income Benefit (income protection) insurance options. You can find out more about Disability Income Benefit cover and premiums for active and retained members here.
If you opt to continue your insurance cover in your Retained Account, you need to check that the level of cover remains appropriate for you. This is especially true for Disability Income Benefit cover as your Disability Income Benefit will only cover you for up to two-thirds (2/3) of your actual salary.
Learn moreIf transitioning from active membership to retained membership, you should note the differences to your death & TPD insurance options. You can find out more about levels of cover available to you, as well as how benefits and premiums are calculated for active and retained members here.
Learn more“I gained a better understanding of my current superannuation position, other superannuation products available to me & general retirement options.”
As your life changes, you may wish to make changes to your options to protect your family and secure your finances. Major life events such as getting married, having a child, taking out a mortgage may all be reasons for you to consider your options.
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