ASB Superannuation Master Trust for Government employees
Welcome to the State Sector Retirement Savings Scheme.
About the State Sector Retirement Savings Scheme
The State Sector Retirement Savings Scheme (SSRSS) participates in the ASB Superannuation Master Trust. SSRSS closed to new members on 1 October 2008. SSRSS will continue to operate for existing members.
Information and useful links for existing members
- Find out how you can view your balances.
- Check the performance of our funds and the latest quarterly market review.
- Read the Product Disclosure Statement.
- Visit sorted.org.nz to figure out how much you'll need at retirement.
- Visit the State Services Commission to learn more about superannuation in the State sector.
- See the Superannuation Master trust unit prices.
Increase your contributions
You can increase your contribution in 0.5% increments. You may change your contributions up to twice a year - between 1 April and 31 March.
Simply download and print the Contribution Change Form and return it to your employer's payroll department, or if you are employed at a state or state integrated school or kindergarten please send your form to: Education Service Payroll, Ministry of Education, PO Box 1666, Wellington.
Fund options
|
Growth
|
Balanced
|
Moderate
|
NZ Cash
|
|
|---|---|---|---|---|
|
Investment timeframe
Minimum suggested |
11 years
|
6 years
|
3 years
|
No minimum
|
|
Income assets
|
20%
|
40%
|
60%
|
100%
|
|
Growth assets
|
80%
|
60%
|
40%
|
0%
|
|
Summary of investment objective
|
Aims for high returns. The number of years with negative returns are generally expected to be the highest of the multi-sector funds.
|
Aims for moderate to high returns. The number of years with negative returns are generally expected to be higher than the Moderate Fund but lower than the Growth Fund.
|
Aims for moderate returns. The number of years with negative returns are generally expected to be higher than the NZ Cash Fund but lower than the Balanced Fund.
|
Provides exposure to deposits and fixed interests with NZ banks. The number of years with negative returns are generally expected to be less than the other funds.
|
|
Annual fund charge
|
0.38%
|
0.38%
|
0.38%
|
0.23%
|
|
Administration fee
|
See the employee booklet for the administration fee.
|
See the employee booklet for the administration fee.
|
See the employee booklet for the administration fee.
|
See the employee booklet for the administration fee.
|
For more information on our funds, see the Statement of Investment Policy and Objectives.
Documents and forms
Contact us
Interests in the ASB Superannuation Master Trust (Scheme) are issued by Smartshares Limited, a wholly owned subsidiary of NZX Limited. Smartshares Limited has delegated to ASB Group Investments Limited (ASBGI), the former manager of the Scheme, certain investment management and administration functions in respect of the Scheme. Over time, Smartshares Limited will assume these functions from ASBGI through a transition process which may take several years. For more information see the ASB Superannuation Master Trust Product Disclosure Statement available from this website and the register of offers of financial products at www.business.govt.nz/disclose (search for ASB Superannuation Master Trust).
