preservation age
Definition
the age at which the member can gain access to preserved benefits which have built up in a superannuation fund, ADF or RSA provided the member has permanently retired from the workforce. The preservation age is gradually increasing from 55 years.

Persons Born Preservation Age
after June 1964 60
July 1963-June 1964 59
July 1962-June 1963 58
July 1961-June 1962 57
July 1960-June 1961 56
before July 1960 55

Related Terms
See also age pension , death benefit , disablement , double dipping , early retirement