State Super to sponsor retirement income research

Celebrating its 100-year anniversary, the $44 billion superannuation fund will award scholarships for research into improving future retirement incomes.

At an event at the New South Wales State Library in Sydney last night, State Super announced the State Super Scholarship as a legacy to acknowledge the fund's century of operation.

Launched by NSW Treasurer Dominic Perrottet, the scholarship will fund four honours or masters students and one PhD candidate per year from any of the ten NSW universities - which are also scheduled employers in State Super - to add to the knowledge base for future planning by the State government in public sector retirement, pensions and superannuation.

State Super chief executive John Livanas said the industry needed to evolve and find new ways to maximise benefits to members, especially with headwinds facing superannuation.

"The aim of the scholarship program is to foster research in several priority areas including innovation in superannuation, the future of pensions in the public sector and what this means for attracting and retaining talent," Livanas said.

"Over the next decade, we will face challenges with a changing membership profile, reduced inflows and anticipated regulatory changes.

"The research will assist us to meet these challenges and managed economic headwinds."

Reflecting on the fund's history, Livanas reminded the crowd that many in the super industry have spent stints of their career at State Super, including recently appointed AustralianSuper chair Don Russell, who earlier chaired State Super.

"State Super continues to challenge and inspire me," Livanas said.

"I have no doubt that it has also challenged and inspired others, providing the resolve and determination for their ongoing success."

Read more: State SuperState Super scholarshipJohn LivanasNSW TreasurerDominic PerrottetAustralianSuperDon Russell
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