Dear Valued Member,

As part of our ongoing commitment to delivering meaningful value, the Fund has completed its annual review of risk benefits. We are pleased to share positive outcomes following this assessment.

Following a favourable claims experience, the Trustees approved a reduction in the death cover costs across all risk categories effective 1 July 2026. This reduction lowers the overall risk cover cost by up to 25%, depending on your selected risk category.

Below is a breakdown of how much you pay for risk cover (your death and disability benefits) and how much cover you receive based on the risk category you elected.

*The risk cover cost is calculated as a percentage of pensionable salary and is deducted from the employer’s contribution.