These include any of the following reasons:
- you must be an accruing member for at least 1 year
- you’ve been an accruing member for more than 5 years - we’ll cap your bonus at 5 years
- you turn 75 - you can’t build up your bonus once you reach this age
- you can’t get Age Pension - you can’t get a bonus
- you can get a part rate of Age Pension - you may get a part rate bonus.
When we calculate your bonus, we don’t include extra benefits to your Age Pension. Extra benefits include the following:
If you die before you claim your Pension Bonus
We don’t transfer your Pension Bonus to your estate if you die before you claim.
If you have a partner, they can claim a Pension Bonus Bereavement Payment. How much they’ll get depends on how many bonus periods you accrued.
If your partner is a member of the scheme, they can still claim their own bonus if you die. They can do this if both of these apply:
- they are also registered as a member in the scheme
- they're working.
If they rely on your work to pass the work test, they’ll need to either:
- start work
- claim their bonus within 26 weeks after you die.