Credited Interest Rate (CIRs)

Pension

For members of Division 9 – Flexible Income Stream and Division 14 – Transition to Retirement, a different rate may be determined to recognise the different tax treatment on investment earnings for allocated pensioners, or other factors the Trustee considers appropriate.

From 1 July 2008 CIRs are declared monthly.

For the current financial year, the monthly CIRs for Pension members are:

Investment Option
	Cash	Conservative	Balanced	Growth	Aggressive
July 2008	0.69%	0.70%	-0.07%	-0.68%	-1.15%
August 2008	0.51%	2.00%	2.24%	2.36%	2.42%
September 2008	0.57%	-2.20%	-3.80%	-5.11%	-6.09%
October 2008*	0.53%	-3.59%	-5.89%	-7.96%	-9.66%
November 2008	0.47%	-0.92%	-3.20%	-5.10%	-6.61%

*This includes the distribution of the Investment Fluctuation Reserve as described in the Super News section.

Credited Interest Rate History

For the period from 1 July 2004, the quarterly CIRs for Division 9 members were:

Division 9 Credited Interest Rates
30 September 2004 2.9% 31 December 2004 5.9% 31 March 2005 2.4% 30 June 2005 3.9%	15.9% for the year
30 September 2005 6.6% 31 December 2005 4.2% 31 March 2006 5.9% 30 June 2006 -0.7%	16.8% for the year
30 September 2006 3.92% 31 December 2006 5.87% 31 March 2007 3.93% 30 June 2007 3.34%	18.16% for the year

From 1 July 2007 MIC was available to Division 9 members. The quarterly CIRs were:

	Cash	Conservative	Balanced	Growth	Aggressive
30 September 2007	1.61%	1.95%	1.88%	1.54%	1.27%
31 December 2007	1.69%	0.99%	1.16%	1.05%	1.06%
31 March 2008	1.69%	-0.80%	-3.96%	-6.60%	-8.52%
30 June 2008	1.78%	-0.47%	-1.56%	-2.33%	-2.94%
2007/08 Year	6.94%	1.66%	-2.56%	-6.40%	-9.13%