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PBC 04/14 Preserved benefit Member contributions/transfer value claim form and information leaflet Before completing this benefit application form, you are advised to read the PSS Product Disclosure
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Preserved benefit is the amount of pension entitlement that is 'preserved' for the employee, even if they leave the company before retirement age.
Employers are required to file preserved benefit information for employees who have pension entitlements that are preserved.
The preserved benefit information can be filled out by the employer using the designated form provided by the pension authority.
The purpose of preserved benefit reporting is to ensure that employees' pension entitlements are properly recorded and preserved for future payment.
The preserved benefit report must include details of the employee, their preserved pension entitlement, and any relevant dates.
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