Leaving the APS with a PSS defined benefit, and Unsure What’s Next? Here’s What Jane Did

Jane worked in the public service for decades and was a contributing member of the PSS.

When she was offered a voluntary redundancy, she felt torn. Everyone around her said she should stay and keep building her defined benefit.

But the work no longer inspired her.

Her dream?

Take six months off for a “mini retirement” before figuring out her next move.

She came to us wondering: Can I afford to take a break and step away from the APS and stop contributing to the PSS defined benefit scheme?

We ran the numbers. If she took the VR and continued to not make any changes—no extra super, just focused on her mortgage, no investing—she was on track for a retirement shortfall.

But with the right plan and our advice, that changed.

We helped her carve out a clear strategy: take the break, enjoy some breathing space, and still close her future retirement gap—even if she never returned to the public service. She realised she could explore new work, reduce her hours later in life, or even retire sooner than expected.

Jane was relieved—and excited. She’s joined our Family CFO service so we can guide her through what’s next and adjust the plan as her life evolves.

If you’re wondering whether staying in the APS is your only path to retirement security, it might be time to rethink the plan.