What happens if my SSRSS scheme is wound up?

It is possible that the SSRSS itself or the SSRSS scheme of which you are a member could be wound up (i.e. cease to exist). It is also possible that the scheme you are in could cease to be part of the SSRSS, or your employer could cease to participate.

You will be invited to transfer to another superannuation scheme if:
• your scheme is no longer part of the SSRSS, or
• your employer ceases to participate in the SSRSS for any reason, or
• the SSRSS itself (or your SSRSS scheme) is wound up.

If you decide not to transfer to that other scheme then you will be permitted to leave your scheme account with your scheme provider under new terms (unless your scheme is wound up, in which case you will be paid the total value of your savings less a share of the wind up expenses).

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Downloadable materials

SSRSS Member's Guide (PDF-644KB)
Contribution Change Form (April 2008) (PDF-46KB)
SSRSS Application to transfer to KiwiSaver (PDF-42KB)
Notice of transfer to a new SSRSS participating employer (PDF-34KB)

Glossary terms

Scheme provider: A company managing one of the three SSRSS schemes - they are AMP, ASB and AXA.
SSRSS scheme: One of the three State Sector Retirement Savings Schemes (AMP, ASB and AXA) established under agreements between the State Services Commissioner and AMP, ASB and AXA.
Total value of your savings: Is the value at any time of:; - your own contributions,
- plus your employer contributions,
- plus investment returns (or losses) after tax,
- less any withdrawals made,
- less any fees charged.
The amount may be more or less than the total contributions made depending on the performance of the investment fund (or funds) you have selected.

More glossary terms