What happens when a pension is rolled back?

The pension is commuted and the commutation amount is applied in the issue of an accumulation interest in the super fund for the member.

If the member already has an accumulation interest in the Superannuation Fund, the commutation lump sum will be added to that existing accumulation interest.

If the pension is being fully rolled back (i.e. 100%), then the pension will terminate and the commutation amount will be applied as or to the member’s accumulation interest in the Superannuation Fund.  

If the pension is being partially rolled back (i.e. less 100%) then the pension will not terminate.  However, the pension account will be reduced by the cash out amount and the commutation amount will be applied as or to the member’s accumulation interest in the Superannuation Fund.