The Public Sector Superannuation (PSS) scheme
Description
- Partly funded, defined benefit scheme
- Established 1990
- Closed to new members 1 July 2005
Coverage
- Was compulsory for all permanent full-time or permanent part-time employees appointed from 1 July 1990 to 30 June 2005 (unless required to join the CSS)
- Optional for temporary and casual employees who commenced employment between 1 July 1990 to 30 June 2005 (unless they were full-time temporary who could elect to join the CSS)
- From 1 July 2008, member contribution rate of 0% or any whole percentage between 2% to 10% of salary (previously the contribution rate was between 2% and 10% of salary)
- Notional employer contribution rate varies according to member contribution rate
Website
Last updated September 14, 2011