Commissioner for Superannuation
2010-11 Annual Report

 

Section 4: Appendices

In this section:

• Appendix A: Main schemes administered
• Appendix B: Additional scheme information
• Appendix C: Other schemes administered
• Appendix D: Freedom of Information and privacy
• Appendix E: Social inclusion
• Appendix F: Consultancies
• Appendix G: Advertising and market research
• Appendix H: Ecologically Sustainable Development
• Appendix I: Grant programs
• Appendix J: Agency resource statement
• Appendix K: Corrections to the 2009–10 Annual Report

Appendix A: Main schemes administered

Section 2A contains some basic information and statistical data about the schemes we administer.

Table A1: Main schemes summary

Scheme	Description	Coverage
Commonwealth Superannuation Scheme CSS	Partly funded hybrid scheme Established 1 July 1976 Closed to new members on 1 July 1990	From 1 July 2008, the members basic contribution rate is 0% or 5% of salary Membership was compulsory for most APS employees permanently appointed before 1 July 1990 Full-time temporary and contract employees and full-time statutory office-holders could also join before that date Productivity benefit accruing on behalf of all members since 1 January 1988
Public Sector Superannuation Scheme PSS	Partly funded defined benefit scheme Established 1 July 1990 Closed to new members on 1 July 2005	From 1 July 2008, the member contribution rate is 0% or any amount between 2% to 10% of salary The notional employer contribution rate varies according to the member contribution rate Membership was compulsory for all permanent full-time or permanent part-time employees appointed from 1 July 1990, and optional for temporary and casual employees Productivity benefit accruing on behalf of all members since establishment
Public Sector Superannuation accumulation plan PSSap	Fully-funded accumulation scheme Established 1 July 2005	The basic employer contribution rate is 15.4% of salary Allows for voluntary member contributions (after tax), salary sacrifice contributions (before tax) and spouse contributions Compulsory for all new ongoing APS employees from 1 July 2005 until 30 June 2006 From 1 July 2006, PSSap became the default fund for APS agencies, however members have choice of fund
Defence Force Retirement and Death Benefits Scheme DFRDB	Fully unfunded defined benefit scheme Established 1 October 1972 Closed to new members on 1 October 1991	Member contribution rate is 5.5% of the highest incremental salary for rank plus allowances Membership was compulsory for members of the ADF who enlisted before 1 October 1991 Productivity benefit accruing on behalf of all ADF members since 1 January 1988
Military Superannuation and Benefits Scheme MilitarySuper	Partly funded hybrid scheme Established 1 October 1991	The member contribution rate is between 5% and 10% of salary Compulsory for all new entrants to the ADF on and from 1 October 1991 Productivity benefit accruing on behalf of all ADF members since establishment

Scheme membership and transactions*

Table A2.1.1: CSS (including 1922 and PNG) Membership numbers as at 30 June 2011

Type	Amount
Contributors	15,916
Deferred	9110
Pensioners	114,999
Total	140,025

Table A2.1.2: CSS (including 1922 and PNG) Annual transactions

Type	Amount ($m)
Contributions	131
Benefits paid (lump sum)	516
Benefits paid (pensions)	3486

Table A2.2.1: PSS Membership numbers as at 30 June 2011

Type	Amount
Contributors	113,224
Deferred	103,092
Pensioners	23,921
Total	240,237

Table A2.2.2: PSS Annual transactions

Type	amount ($m)
Contributions	810
Benefits paid (lump sum)	392
Benefits paid (pensions)	515

Table A2.3.1: PSSap Membership numbers as at 30 June 2011

Type	Amount
Contributors	76,694
Preserved	33,247
Total	109,941

Table A2.3.2: PSSap Annual transactions

Type	amount ($m)
Contributions	719
Benefits paid (Rollovers received)	149
Benefits paid (Lump sum)	86

Table A2.4.1: DFRDB (including DFRB) Membership numbers as at 30 June 2011

Type	Amount
Contributors	3743
Preserved	6
Pensioners	57,016
Total	60,765

Table A2.4.2: DFRDB Annual transactions

Type	Amount ($m)
Contributions	21
Benefits paid (Lump sum)	102
Benefits paid (Pensions)	1375

Table A2.5.1: MilitarySuper Membership numbers as at 30 June 2011

Type	Amount ($m)
Contributors	56,892
Preserved	78,605
Pensioners	8166
Total	143,663

Table A2.5.2: MilitarySuper Annual transactions

Type	Amount ($m)
Contributions	687
Benefits paid (Lump sum)	116
Benefits paid (Pensions)	209

Table A2.6.1: Summary of membership numbers as at 30 June 2011

Type	Number
Contributors	266,469
Preserved/Deferred	224,060
Pensioners	204,102
Total	694,631

Table A2.6.2: Summary of Annual transactions

Type	Amount ($m)
Contributions	2368
Benefits paid (Rollovers recieved)	149
Benefits paid (Lump sum)	1212
Benefits paid (Pensions)	5598

* At the time of publication, these figures had not been audited. More information on the closed 1922, PNG and DFRB schemes can be found in Appendix C.

Last updated December 21, 2011

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