AAPMBF Members have been contacted to vote in a proposed rule change process. Based on feedback, several improvements and changes are being proposed for member support in the 2025 Fund year with full implementation in 2026.
New Single pilot / mutlicrew Limitaiton Support
Where a member's medical is endorsed with an 'as or with co-pilot' limitation and where a member can not receive an income in their current employment, they can apply to the MBF for up to SIX months of monthly benefits (up to $15K per month). These payments are designed to assist a member to either recover and resume their normal duties, or have the financial support needed to move to employment that is compatible with the limitation. Where it can be shown that a plan is in place to resume flying, the MBF can approve up to another SIX months of payments.
CHANGES EFFECTIVE 1 MAY 2025
Introduction of the following new product features:
- $50,000 additional Death Benefit for all Members as the new starting point is $150,000
Death benefit increase of $10,000 per year of Membership extended to 25 years
Maximum Death Benefit increased from $300,000 to $400,000 (but not greater than SCB)
Maximum Refund of Contributions (ROC) increases to $75,000
New Trauma Benefit of $100,000 for specified trauma events
New Single Pilot / Multi Crew Benefit to assist with training and re-employment
Maximum Monthly Benefits increased to from $12,000 to $15,000
Unemployed Monthly Benefits increased from $8,000 to $10,000
CHANGES EFFECTIVE 1 MAY 2026
The changes bought forward in the 2025 Rules will all find themselves a new home with the 2026 Rules along with the following:
- Maximum Capital Benefit Cover increased from $800K to $1.2M
A new Contributions and Benefits Scale for ages 18 to 64 covering from $100K to $1.2M in $1,000 increments
SCB / PCB replaced with a Nominated Capital Benefit (NCB)
Multiple age Joining Bands are removed
Transitional Rules – SCB & PCB conditions and amounts will be replaced by the new NCB
Future contributions to the NCB will be included in your ROC (previously SCB contributions only)
Contact membership@aapmbf.com.au or call 1300 380 300 if you have any questions.
