State Super is the Trustee of the State Authorities Superannuation Scheme (SASS), State Superannuation Scheme (SSS) and Police Superannuation Scheme (PSS). The assets of all schemes have been combined into the STC Pooled Fund. State Super is one of Australia’s largest superannuation schemes with 100,000 members.
The State Authorities Superannuation Scheme (SASS) is classified as a hybrid scheme because it has both a defined benefit component and an accumulation benefit component. In an accumulation scheme, a member's benefit comprises the contributions made to the scheme together with investment returns (positive or negative), less tax and expenses. State Super has multiple investment options, however, the majority of the fund is managed under the defined benefit Trustee Selection Strategy option which had AUD 33.692 bn funds under management as of June 30, 2020.
12.4% Australian Equities
19% International Equities
9.7% Other Alternatives
4.2% Australian Fixed Interest
4.8% International Fixed Interest
0.1% Defensive Strategies
Asset allocation as of June 30, 2020. All information is as per the most recent annual report or other publicly available data via the fund's website