Minister launches superannuation campaign

27/4/01 Assistant Treasurer Nick Griffiths today launched the State Government's 'Activate Your Super' campaign.

27/4/01
Assistant Treasurer Nick Griffiths today launched the State Government's 'Activate Your Super' campaign.
The campaign supports the launch of member investment choice for 182,000 current and former public sector employees. Investment choice is a product that will help members plan for their financial future and is being offered by the Government Employees' Superannuation Board (GESB).
Investment choice will be effective for all West State Super (WSS) members from July 1, 2001. It is the first time that public sector employees have choices to help them achieve their financial goals in retirement. Four of the five available options are Growth, Balanced, Conservative and Cash options. The fifth will allow members to personally select their own mix of assets, such as shares, property and bonds.
The Minister said the Government was offering customer-valued products that would give members greater control and flexibility over how their superannuation was invested.
Mr Griffiths also said the investment choices had been introduced with no increase in the GESB's administrative fees.
"This is a great step forward for GESB members and we are giving them what they have been asking for - a say in how their super is invested and access to better returns," he said.
"This campaign is about providing members of GESB with education about the choices available to enable them to make informed and responsible decisions about their financial future in superannuation."
Media contact: Melissa Robinson - 9222 8950
For more information on Member Investment Choice: