This is one of the employer-funded parts of your benefit.
It is a defined benefit, calculated when you exit the Scheme using a formula which takes into account your salary, your Accrued Benefit Points, the length of time you’ve been contributing and the reason you ceased employment with your Scheme employer.
The estimated Employer Financed Benefit shown on your annual statements is estimated by assuming that you ceased employment on 30 June of the statement year.