The schemes administered by the ºÚÁÏÕýÄÜÁ¿ Employees Superannuation Board include:
- GESB Super – A taxed accumulation scheme. The open default fund for most State public sector employees since 16 April 2007.
- West State Super – An untaxed* accumulation scheme, introduced in response to Commonwealth’s Superannuation Guarantee. The default fund for most State public sector employees effective July 1992 to 15 April 2007, when closed to new members.
- Gold State Super – A voluntary, untaxed* defined benefit scheme requiring member contributions to receive a lump sum benefit. Open to new members from 1987 to 29 December 1995.
- Retirement Income – Allocated Pension – A taxed allocated pension. Open from April 2003 to GESB members who retire or transition to retirement.
- State Pension Scheme – A voluntary, untaxed* defined pension scheme requiring member contributions to receive a lifetime indexed pension for the member and reversionary beneficiary. Open to new members from 1938 to August 1986.
- Retirement Income – Term Allocated Pension – A taxed, term allocated pension providing a market‑linked income stream. Open to new members from December 2005 to 20 September 2007, when the scheme design was superseded.
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The schemes administered by GESB on behalf of the Department of Treasury include:
- Parliamentary Pension Scheme – An untaxed defined pension scheme requiring member contributions to receive a lifetime indexed pension, for Members of State Parliament from 1970 to 10 October 2000 when it was closed to new members.
- Judges’ Pension Scheme – An untaxed defined pension scheme providing a lifetime indexed pension, for current and former members of the Western Australian judiciary.
The schemes administered by the Fire and Emergency Services Superannuation Board include:
- FESS Super defined benefit accounts – A taxed defined benefit scheme requiring member contributions to receive a lump sum benefit. The open default fund for new permanent employees of the Department of Fire and Emergency Services of Western Australia.
- FESS Super accumulation accounts – A taxed accumulation scheme available to temporary and casual employees of the Department of Fire and Emergency Services of Western Australia, and members with a defined benefit account.
- FESS Super Account Based Pensions – A taxed allocated pension. Open to FESS Super members who retire or transition to retirement.
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* Untaxed funds are also known as ‘deferred tax’ funds, because employer contributions, salary-sacrifice contributions and investment earnings are taxed (at up to 15%) when a lump sum benefit is paid to the member or transferred to a taxed fund. In taxed funds, these amounts are taxed when they are credited to the member’s superannuation account.
