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Preservation
Preservation Age
Preservation age is 55 for a person born before 1 July 1960 and increases by one year for each year or part thereof that a
person is born after that date until it reaches age 60 for a person born after 30 June 1964.
Preserving your Benefit
The preserved part of your benefit must remain in an approved fund (see below) where it will be invested until you or your
dependants are eligible to receive the benefit. Your annual Member Benefit Statement sets out the amount of your benefit that
is affected by Government preservation requirements. If you leave your employer you may consider transferring your benefit
to:
Your new employer's superannuation fund (provided that fund will accept such benefits);
or
A personal superannuation fund;
or
An Approved Deposit fund;
or
An Eligible Roll-over fund;
or
A Pension arrangement that offers preservation.
The chosen fund must preserve your benefit in line with conditions outlined above.
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