What ill health benefits are available if I belong to SFCSS?
SFCSS members have two separate ill health benefits:
- A lump sum benefit on total and permanent disablement; and
- A disability income benefit on temporary disablement.
Part of these benefits are insured by SFCSS Insurers. The Scheme's Insurer will require medical reports to assess whether you are eligible to receive a disablement benefit. Further assessments will be made from time to time if you are receiving the income benefit on temporary disablement.
Total and Permanent Disablement
You will be eligible to receive a Total and Permanent Disablement (TPD) Benefit if:
- You have been absent from work due to injury or illness for six consecutive months; and
- The Trustee and the Scheme's Insurer are satisfied that you are never likely to return to work in any job for which you are reasonable qualified by education, training or experience.
You are covered against TPD as defined in the Scheme's Trust Deed, 24 hours a day, 7 days a week.
Before reaching normal retirement age, the benefit payable is a lump sum equal to five times the member's superannuation salary, or the member's accrued Retirement Benefit, or the member's Resignation Benefit, whichever is greater. The benefit also includes the balance of the RBF Investment Account.
Temporary Disablement
The SFCSS provides a benefit if you are away from work due to illness or injury for a period greater than three months and the Trustee is satisfied that you are currently unable to return to the job you had before your illness. The Temporary Disablement Benefit is payable for a maximum of two years but would cease on:
- Death
- Reaching the Normal Retirement Age
- Becoming eligible for TPD benefit
- Ceasing to be a member of SFCSS
- Returning to work
- Ceasing to be under regular care of a doctor, or
- Failing to provide evidence for continuing disablement.
The normal benefit is a monthly income of 75% of your superannuation salary, however it may be reduced by income amounts received from other sources, eg workers compensation, social security or sick leave payments.
|
