Appendices

Appendix A: Main Schemes Administered

Table A1: Main Schemes Summary

Scheme	Description	Coverage
Commonwealth Superannuation Scheme CSS	Partly funded, defined benefit scheme Established 1976 Closed to new members 1 July 1990	From 1 July 2008, member basic contribution rate of 0% or 5% of salary Was compulsory for most employees permanently appointed before 1 July 1990 Full-time temporary and contract employees and fulltime statutory office-holders could also join before that date
Public Sector Superannuation Scheme PSS	Partly funded, defined benefit scheme Established 1990 Closed to new members 1 July 2005	From 1 July 2008, member contribution rate of 0% or any whole percentage between 2% to 10% of salary Notional employer contribution rate varies according to member contribution rate Was compulsory for all permanent full-time or permanent part-time employees appointed from 1 July 1990, and optional for temporary and casual employees
Public Sector Superannuation accumulation plan PSSap	Fully-funded accumulation scheme Established 2005	Basic employer contribution rate 15.4% of salary Allows for voluntary member (after tax) contributions, salary sacrifice (before tax) contributions and spouse contributions Compulsory for all new ongoing employees from 1 July 2005, and optional for new non-ongoing employees Default fund for APS employers from 1 July 2006
Defence Force Retirement and Death Benefits Scheme DFRDB	Fully unfunded, defined benefit scheme Established 1973 Closed to new members 1 October 1991	Member contribution rate 5.5% of highest incremental salary for rank plus allowances Was compulsory for members of the ADF who enlisted before 1 October 1991
Military Superannuation and Benefits Scheme MilitarySuper	Partly funded, defined benefit scheme Established 1991	Member contribution rate between 5% and 10% of salary Compulsory for all new entrants to the ADF on and from 1 October 1991

Table A2: Scheme Membership and Transactions*

Membership numbers as at 30 June 2008		Annual Transactions
CSS
Contributors	22,162	Contributions	$162m
Deferred	11,461	Benefits paid
Pensioners	115,431	Lump sum:	$719m
Total	149,054	Pensions:	$2,931m
PSS
Contributors	132,274	Contributions	$776m
Preserved	103,628	Benefits paid
Pensioners	16,453	Lump sum:	$355m
Total	252,355	Pensions:	$288m
PSSap
		Contributions	$411m
Contributors	62,538	Benefits paid
Preserved	7,503	Rollover:	$18m
Total	70,041	Lump sum:	$3m
DFRDB
Contributors	5,600	Contributions	$25m
Preserved	23	Benefits paid
Pensioners	57,174	Lump sum:	$119m
Total	62,797	Pensions:	$1,203m
MilitarySuper
Contributors	49,355	Contributions	$299m
Preserved	72,812	Benefits paid
Pensioners	6,710	Lump sum:	$78m
Total	128,877	Pensions:	$128m
Summary
		Contributions	$1,673m
Contributors	271,929	Benefits paid
Preserved	195,427	Rollover:	$18m
Pensioners	195,768	Lump sum:	$1,274m
Grand Total	663,124	Pensions:	$4,550m

* At the time of publication, these figures had not been audited