Government Employees Superannuation Board

What Government Employees Superannuation Board does

Government Employees Superannuation Board (GESB) is a Western Australian statutory superannuation board established under the Government Employees Superannuation Act 1987 and owned by the Government of Western Australia. The fund manages approximately $46 billion across around 250,000 members and is the largest super fund in Western Australia, with over 85 years of operating history. GESB operates as the default super fund for WA public sector employers, automatically enrolling new employees into GESB Super unless they opt out, and it also accepts contributions from non-government employers on behalf of existing members.

GESB's product set includes a taxed accumulation scheme (GESB Super, default since April 2007), two closed legacy schemes (West State Super, an untaxed accumulation scheme closed to new members; and Gold State Super, a defined benefit scheme closed since December 1995 with State-guaranteed benefits), and three retirement income products (RI Allocated Pension, Transition to Retirement Pension, and RI Term Allocated Pension). Insurance offerings include automatic Death, Total & Permanent Disablement, and Salary Continuance cover. Underlying technology comprises Member Online and Employer Online portals (serving account management and payroll contribution processing respectively), a daily unit pricing system for investment options, and specialised calculators including the Gold State Super defined benefit calculator. MUFG Pension and Market Services services the Retirement Options Service (ROS) team handling face-to-face retirement planning in Perth.

GESB monetises via recurring administration fees ($66 p.a. plus 0.04-0.16% p.a. of balance depending on scheme), investment management fees ranging from 0.06% p.a. (Cash) to 0.53% p.a. (Sustainable Balanced), insurance premiums, and fees for one-on-one retirement planning appointments. Distribution is multi-channel: default fund status with WA public sector employers, self-service digital portals, phone and live chat, in-person appointments in Perth, employer relationship management, and a dedicated adviser portal supported by Relationship Managers. Recent strategic activity includes the June 2026 launch of more flexible investment options for advisers and the July 2026 implementation of government-mandated super changes (super on parental leave, higher contribution caps, payday super).

Name

Government Employees Superannuation Board

Legal name

Government Employees Superannuation Board

Website

https://gesb.wa.gov.au

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

51–100 employees

Short description

Government Employees Superannuation Board is a Western Australian government statutory superannuation fund managing approximately $46 billion across around 250,000 members, serving WA public sector employees with accumulation, defined benefit, and retirement income products.

Ownership category

akta.pro rank

Product category

Superannuation Fund Management

NAICS

Pension Funds (525110)

SIC

Finance Services (6199)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Pensions & Retirement Benefits Administration (BPAIAKAA), Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

Keywords

• Superannuation fund management
• Retirement income products
• Defined benefit schemes
• Accumulation super accounts
• Public sector pensions

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Administration Fees: GESB charges administration fees to cover account management costs. GESB Super charges $66 p.a. ($5.50 per month) plus 0.16% p.a. of monthly account balance. West State Super charges $66 p.a. plus 0.04% p.a. Gold State Super has no administration fees.
2. Investment Management Fees: Fees deducted from fund assets before unit price calculation. Investment fees vary by option, ranging from 0.06% p.a. (Cash) to 0.53% p.a. (Sustainable Balanced) for GESB Super.
3. Insurance Premiums: Insurance premiums deducted from member accounts monthly for Death, TPD, and Salary Continuance coverage. GESB Super members receive 15% rebate as premiums are tax deductible.
4. Retirement Options Service Fee: Fee charged for one-on-one retirement planning appointments. Can be paid directly or deducted from GESB account.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

GESB is a statutory superannuation fund providing accumulation, defined benefit, and retirement income accounts to Western Australian public sector employees. Core offerings include GESB Super (taxed accumulation scheme, the default fund since April 2007), legacy West State Super (untaxed accumulation) and Gold State Super (defined benefit), and retirement income products such as RI Allocated Pension, Transition to Retirement Pension, and RI Term Allocated Pension. The fund also provides automatic Death, TPD, and Salary Continuance insurance cover, supported by the Member Online portal, Employer Online platform, and the Retirement Options Service advisory offering.

Product overview

GESB (Government Employees Superannuation Board) is a superannuation fund serving WA public sector employees. The core product is GESB Super, a taxed accumulation scheme opened in April 2007, complemented by two legacy untaxed schemes (West State Super and Gold State Super) for existing members who joined before 2007 and 1995 respectively. For retirement, GESB offers RI Allocated Pension, Transition to Retirement Pension, and RI Term Allocated Pension accounts. The fund provides digital platforms including Member Online (member portal) and Employer Online, along with advisory services like the Retirement Options Service. Additional offerings include various insurance products (Death, TPD, Salary Continuance), digital calculators, seminars, and webinars. GESB manages approximately $46 billion in funds under management across around 250,000 members as at December 2025.

Differentiator

Problem solved

Functional benefit

Brands

• GESB Super: Taxed super scheme open to all current WA public sector employees and existing GESB members working in the private sector.
• West State Super
• Gold State Super
• RI Allocated Pension
• Transition to Retirement Pension

Products and services

• GESB Super GESB Super is a taxed accumulation superannuation scheme open to all current WA public sector employees and existing GESB members working in the private sector. It offers a range of investment options, low administration and investment fees, and automatic Death, TPD, and Salary Continuance insurance for eligible members.
• West State Super West State Super is an untaxed accumulation super scheme closed to new members, available to current and former WA public sector employees who already hold an account. Contributions and earnings accumulate without initial tax, with tax deferred until benefit access.
• Gold State Super Gold State Super is a defined benefit scheme closed to new members since December 1995. The final benefit is calculated using a fixed formula based on completed months of service, contribution rate, and final remuneration, and is guaranteed by the WA State Government rather than dependent on investment market performance. No administration, insurance, or running costs are charged to members, and automatic death and disability insurance is included at no extra cost until age 60.
• RI Allocated Pension RI Allocated Pension is a retirement income account that allows members to convert their super into a regular income stream. Members can manage their retirement income across various investment options.
• Transition to Retirement Pension Transition to Retirement Pension allows members to access their super while still working, providing a regular income stream before formally retiring.
• RI Term Allocated Pension RI Term Allocated Pension is a retirement income account that provides regular payments over a specified term.
• WA Public Sector Pension Scheme WA Public Sector Pension Scheme is the original WA Government super scheme closed since 15 August 1986. It is an untaxed defined benefit pension scheme providing a lifetime indexed pension for retired members and their spouses.
• Death and Total & Permanent Disablement Insurance Automatic insurance cover available through GESB Super and West State Super accounts, providing lump-sum payments in the event of death or total permanent disability, with basic cover up to $200,000 depending on age.
• Salary Continuance Insurance Salary Continuance Insurance provides monthly income of up to $4,200 per month (based on hours worked) for up to two years if members become disabled due to sickness or injury.
• Member Online Member Online is GESB's secure online portal where members can check and manage their super accounts, view balances, change investment options, update details, make contributions, and access various forms and calculators.
• Employer Online Employer Online is a platform for WA public sector employers to manage super contributions, submit payroll data, and access employer resources and support.
• Retirement Options Service Retirement Options Service provides one-on-one appointments with experts to help members understand their retirement options and plan confidently for retirement. A fee may be charged that can be paid directly or deducted from the member's GESB account.

Quantifiable outcome

• Funds under management of $46 billion as at 31 December 2025
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• MUFG Pension and Market ServicescoreOthersMUFG Pension and Market Services services the GESB Retirement Options Service (ROS) team at the Perth office location. This partnership provides administrative support for GESB's face-to-face retirement planning appointments.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Hostplus: Industry super fund for hospitality, tourism, sport, and related sectors with >$100B FUM. Comparable to GESB in product breadth (accumulation, TTR, allocated pension), low-fee positioning, and not-for-profit member-focused structure.
• NGS Super: Industry super fund primarily serving non-government education sector employees with ~$20B FUM. Comparable to GESB as a sector-aligned default fund offering accumulation and pension products under the same regulatory framework.
• AustralianSuper: Australia's largest super fund (>$300B FUM) and the dominant industry super fund. Directly comparable to GESB in product structure (accumulation, retirement income, pension), member-driven model, and Australian superannuation regulatory environment.
• Super SA: South Australian government employees super fund. Comparable to GESB as a state-government-owned statutory super fund serving public sector employees with accumulation and defined benefit products.
• ESSSuper (Emergency Services Superannuation Scheme): Victorian state-level public sector super fund with defined benefit legacy scheme. Highly comparable to GESB as another state public sector default fund with accumulation, defined benefit, and pension products.
• REST (Retail Employees Superannuation Trust): Industry super fund for retail workers managing ~$80B FUM. Comparable in product offering, default-fund status for its sector employers, and reliance on employer contributions, although REST serves retail rather than public sector employees.
• Australian Retirement Trust: Formed by merger of QSuper (Queensland public sector default fund) and Sunsuper. Highly comparable to GESB as another state-level public-sector-originated super fund now operating nationally with similar accumulation and pension products.
• HESTA (Health Employees Superannuation Trust Australia): Industry super fund for health and community services workers managing ~$80B FUM. Comparable to GESB in industry-sector default positioning, accumulation/decumulation products, and member-focused governance.
• Cbus (Construction & Building Industry Superannuation): Industry super fund for the construction sector with ~$90B FUM. Comparable to GESB as an accumulation, retirement income, and insurance provider operating under the same Australian super regulatory regime with employer-default acquisition motion.

Others

• MUFG Pension and Market Services: Major Australian superannuation and market services administrator that services GESB's Retirement Options Service team. Included as an ecosystem partner/infrastructure provider rather than a competing super fund, given its role as GESB's back-office service partner.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gesb

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Government Employees Superannuation Board