Members
Death and TPD
Death and Total and Permanent Disablement (TPD)
You’re covered
If you’re a standard contributory member you’re automatically covered by Death and Total and Permanent Disablement (TPD) Insurance, 24 hours a day, seven days a week.
You or your family will be paid a lump sum entitlement if you:
- are permanently injured or unable to work
- have a terminal illness
- die.
The lump sum entitlement payable will be calculated in the same way as your normal retirement entitlement would have been at age 60, together with the total of your account balances.
If you have taken out additonal voluntary insurance, there will also be a lump sum, provided there is no limitation of entitlements on the insurance cover relating to the cause of death.
To qualify for a TPD entitlement you must be away from work for six months and satisfy the Board that due to illness or injury you are unlikely ever to work in any occupation that you are reasonably qualified for by education, training or experience.
If you are a contributory member, your Employer pays the cost of your standard Death and TPD insurance but if you think the level of cover provided by the scheme isn't enough to meet your needs, you may like to consider purchasing additional voluntary insurance cover.
If you’re a non-contributory member you won’t be automatically covered for insurance but can choose to have it by purchasing additional voluntary insurance.
If you’re a casual employee, you need to be working more than nine hours per week before you become entitled to Death and TPD insurance.
Additional Voluntary Insurance
Whether you’re a standard contributory member or a non-contributory member, you can have up to four units of voluntary insurance cover when you join the Scheme or at any time during the year.
The cost of additional voluntary insurance is $1.60 per unit per week, deducted from your Award Account. The value of each unit starts decreasing once you reach age 35.
To apply for voluntary insurance, or to vary your number of units, complete the “Voluntary Insurance Cover” form and return it to your payroll office.
The table below shows the value of one unit of voluntary insurance:
| Age | One unit ($) | Age | One unit ($) |
| Up to 34 | 75,000 | 50 | 27,000 |
| 35 | 72,000 | 51 | 24,000 |
| 36 | 69,000 | 52 | 22,000 |
| 37 | 66,000 | 53 | 20,000 |
| 38 | 63,000 | 54 | 18,000 |
| 39 | 60,000 | 55 | 16,000 |
| 40 | 57,000 | 56 | 14,000 |
| 41 | 54,000 | 57 | 12,500 |
| 42 | 51,000 | 58 | 11,000 |
| 43 | 48,000 | 59 | 10,000 |
| 44 | 45,000 | 60 | 9,000 |
| 45 | 42,000 | 61 | 8,000 |
| 46 | 39,000 | 62 | 7,000 |
| 47 | 36,000 | 63 | 6,000 |
| 48 | 33,000 | 64 | 5,000 |
| 49 | 30,000 | 65 | not offered |
