Insurance benefits for members in Divisions 3A, 5, 6, 7, 10, and Gateway

• Monthly income benefit of 75% of Salary for Insurance Purposes¹
• Minimum waiting period of 90 days
• Payable for maximum period of 24 months
• Cover to age 65
• Benefit payable does not cease on termination of employment

• Monthly income benefit = (your Salary for Insurance Purposes¹ x 75%) ÷ 12
• Any lump sum offsetting amounts received are converted to equivalent income amounts for the purpose of determining the amount of the offset to be applied
• Benefit reduced by offsetting amounts which include, but are not limited to:
  • Any workers’ compensation payment
  • Any sick or annual leave payments
  • Any social security payment
  • Any payment received under the Loss of Licence Insurance Plan
  • Any other income received as a result of the disability (including from other insurance policies)

• Divisions 5 and 6 – Cover to age 65
• Gateway – Cover to age 70
• Divisions 7 and 10 – Cover to age 60
• Division 3A – Cover to age 55 (except for certain members² – Cover to age 65)
• Lump sum Terminal Illness benefit payable as an advance payment of the death benefit

• The death benefit (or the terminal illness benefit, where applicable) is calculated in the same way as the lump sum TPD benefit
• Terminal Illness benefit payments are subject to a maximum of $3 million. Any remaining balance is payable on death

Note: For Division 3A, the benefit is an amount equal to the minimum legislated death benefit.