ESSSuper Review

About ESSSuper

ESSSuper: A Comprehensive Guide to Australia's Leading Super Fund for Emergency Services and Victorian Government Employees

If you are an emergency services worker or a Victorian government employee, you need a super fund that understands your unique needs and provides tailored solutions. That's where ESSSuper comes in - one of Australia's biggest super funds, exclusively dedicated to serving the retirement needs of these essential workers.

Founded in 1987, ESSSuper has been providing reliable and affordable superannuation services to its members for over three decades. As a not-for-profit fund, it is committed to delivering value for money and putting the interests of its members first.

In this comprehensive guide, we will explore everything you need to know about ESSSuper - from its history and values to its products and services. We will also delve into the benefits of joining ESSSuper as an emergency services worker or a Victorian government employee.

History

ESSSuper was established in 1987 as the Emergency Services Superannuation Scheme (ESSS) by the Victorian State Government. Its primary objective was to provide retirement benefits for employees working in Victoria's emergency services sector.

Over time, ESSS expanded its membership base to include other public sector employees such as police officers, prison officers, and public transport workers. In 2008, it changed its name to Emergency Services & State Super (ESSSuper) following legislative changes that allowed it to offer superannuation products beyond Victoria.

Today, ESSSuper has over 100,000 members across Australia with more than $30 billion in funds under management. It is governed by a board of trustees appointed by the Governor-in-Council on behalf of the Victorian Government.

Values

At ESSSuper, their values are at the core of everything they do. They believe in:

- Putting members first: As a member-focused fund, they always prioritize their members' interests above all else.
- Acting with integrity: They conduct themselves with honesty and transparency at all times.
- Delivering quality outcomes: They strive for excellence in everything they do.
- Working collaboratively: They work together with their stakeholders towards common goals.
- Being innovative: They embrace new ideas and technologies that can improve their products and services.

Products & Services

ESSSuper offers a range of superannuation products designed specifically for emergency services workers and Victorian government employees. These include:

1) Accumulation Plan
The Accumulation Plan is designed for those who want flexibility when it comes to managing their retirement savings. Members can choose from various investment options based on their risk appetite while enjoying competitive fees.

2) Defined Benefit Plan
The Defined Benefit Plan provides guaranteed retirement benefits based on your years of service rather than your investment returns. This plan is ideal if you want certainty about your future income stream regardless of market fluctuations.

3) Pension Plan
The Pension Plan allows you to convert your accumulated super balance into regular income payments during retirement while still enjoying tax advantages compared with other forms of income streams like rental properties or shares portfolios etcetera..

4) Insurance
ESSsuper offers insurance cover including death cover which pays out if you die before reaching age 65; total permanent disability cover which pays out if you become permanently disabled; salary continuance insurance which pays up-to two-thirds (66%)of your salary if unable work due illness or injury;and voluntary additional insurance options available too!

Benefits

Joining ESSsuper comes with many benefits including:

1) Tailored Products
As mentioned earlier,EESuper offers tailored solutions specifically designed around emergency service workers' unique needs so that they can enjoy peace-of-mind knowing that they have access best possible financial advice available!

2) Competitive Fees
With low fees compared against other industry players,EESuper ensures maximum return-on-investment without compromising quality outcomes!

3) Strong Investment Performance
EESuper has consistently delivered strong investment performance over time thanks largely due prudent management strategies implemented by experienced team professionals who understand intricacies involved managing large-scale investments portfolios effectively!

4 ) Member Education Programs
EESuper runs regular education programs aimed at helping members better understand how manage finances effectively!

Conclusion

In conclusion,EESuper stands out among Australian industry players because it caters exclusively towards meeting financial requirements specific group people –emergency service workers! With competitive fees,strong investment performance,tailored product offerings,and member education programs,it’s no wonder why so many people trust them manage finances!