We are undertaking an own motion investigation into the administration of the Defence Force Retirement and Death Benefits (DFRDB) scheme, specifically the issue of commutation.
The investigation is focussed on the accuracy of information about commutation provided to scheme members by the Department of Defence and/or the Australian Defence Force and scheme administrators (including the Commonwealth Superannuation Corporation (CSC)).
What we are investigating
We are only investigating what information scheme members were given about commuting a portion of their pension.
Note—we will not be considering issues relating to indexation of the DFRDB, or any other aspects of the scheme as it was established by Parliament.
Submissions for this investigation are now closed. We have received over 2500 submissions. Thank you to all of the DFRDB members who shared their circumstances with us.
We have also received detailed information from the Department of Defence (Defence) and the Commonwealth Superannuation Corporation (CSC) in response to our inquiries.
What happens next
We will now analyse all of the information we have received. Given the amount of information we have received, including some documentary evidence going back more than 40 years, we expect this process will take some months.
Our investigation will consider all of the issues and information we have received. At this stage, we anticipate finalising the investigation in late 2019.
Updates on our progress will be periodically published on this page.
For further information about the investigation please contact us via DFRDB.email@example.com or by calling 1300 362 072.