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Section 1: ASSESSMENT CRITERIA EARLY RELEASE OF SUPERANNUATION ON COMPASSIONATE GROUNDS The rules The grounds for release of superannuation in relation to compassionate grounds are assessed against
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Compassionate grounds - GESB refers to a provision that allows eligible members of the Government Employees Superannuation Board (GESB) to access their superannuation savings in certain circumstances of severe financial hardship or compassionate reasons.
Eligible members of the Government Employees Superannuation Board (GESB) who are facing severe financial hardship or have compassionate reasons can apply to access their superannuation savings through the compassionate grounds - GESB provisions.
To apply for compassionate grounds - GESB, eligible members of the Government Employees Superannuation Board (GESB) need to fill out the prescribed application form provided by GESB. The form requires relevant personal and financial information, along with supporting documentation, to demonstrate the need for accessing the superannuation savings.
The purpose of compassionate grounds - GESB is to provide financial relief to eligible members of the Government Employees Superannuation Board (GESB) who are facing severe financial hardship or have compassionate reasons such as medical expenses, mortgage in arrears, funeral costs, or disability.
When applying for compassionate grounds - GESB, eligible members of the Government Employees Superannuation Board (GESB) must report relevant personal and financial information such as their full name, address, GESB membership details, reasons for accessing superannuation savings, supporting documentation, and any additional details required by GESB.
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