NORTHERN TERRITORY TREASURY NT SUPERANNUATION OFFICE Northern Territory Government Death & Invalidity Scheme Amendments.

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Presentation transcript:

NORTHERN TERRITORY TREASURY NT SUPERANNUATION OFFICE Northern Territory Government Death & Invalidity Scheme Amendments

SUPERANNUATION REFORM PROJECT Superannuation Reform Project  improve, modernise, and simplify the NT Public sector superannuation schemes Stage One  NTGDIS new entrant medical requirements  Transition to retirement  review account keeping fees for retained accounts  Trustee board restructure

SUPERANNUATION REFORM PROJECT NTGDIS new entrant medical requirements new rules effective 1 April 2010  new employees no longer required to provide medical information  Reduced Benefit Classification certificates no longer issued  no reduction in benefits due to pre-existing medical conditions at time of joining

SUPERANNUATION REFORM PROJECT NTGDIS new entrant medical requirements improvements  convenience for new employees  reduced administration  reduced cost to government  better use of medical resources  in line with industry standards for superannuation insurance cover

FURTHER INFORMATION NT Superannuation Office Contact details ph: website: