Members
The T.I.S. Fund
The T.I.S. Fund is a retirement savings fund that operates for the benefit of its members and their dependants. It was established to assist members to save for retirement, and it has to comply with government regulations in the way it operates. As a member of a regulated superannuation fund, you receive the benefits of special taxation treatment available for retirement savings.
You can continue to use The T.I.S. Fund even if you change employment.
The T.I.S. Fund is an accumulation fund. This means that contributions and interest earnings are credited to account balances. From this account, administration fees, insurance premiums and taxes are deducted.
Improved Insurance Options from 1 March 2012
The Trustee Board have negotiated significant improvements to the insurance options previously available to T.I.S. Fund members. These changes take affect from 1 March 2012.
A letter has been mailed to all members providing a summary of the changes, and the impact these will have on members insurance cover in the Fund. Going forward The T.I.S. Fund will provide a higher level of insurance cover as standard, together with additional insurance options designed to help employers and employees to ensure they hold the right level of cover for their personal circumstances. Further information is available in the Significant Event Notice or in the Insurance Fact Sheet. Please call us for any questions on 1800 777 060.
T.I.S. Fund Insurance
T.I.S. Fund Insurance provides (automatic) Default Cover for Death and Total & Permanent Disablement (TPD), without needing medical reports for members of the Fund where employer contributions are being received on their behalf . Insurance amounts vary depending on your age, with NEW cover being available for members between 15 years and 64 years old.
Members of The T.I.S. Fund can also apply for additional Death cover or Death and TPD cover, as well as other core insurance benefits.
The T.I.S. Product Disclosure Statement and Insurance Fact Sheet for existing members set out the cover that is granted.
