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 Default fund for the majority of new Australian Government employees
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 2009		Annual Transactions

CSS
Contributors	19,807	Contributions	$147m
Deferred	10,857	Benefits paid
Pensioners	115,613	Lump sum:	$600m
Total	146,277	Pensions:	$3,136m

PSS
Contributors	124,987	Contributions	$760m
Preserved	109,589	Benefits paid
Pensioners	18,818	Lump sum:	$274m
Total	253,394	Pensions:	$352m

PSSap
Contributors	61,807	Contributions	$503m
Preserved	23,395	Benefits paid
Total	85,202	Rollover:	$112m
		Lump sum:	$21m

DFRDB
Contributors	4,630	Contributions	$25m
Preserved	19	Benefits paid
Pensioners	57,164	Lump sum:	$156m
Total	61,813	Pensions:	$1,260m

MilitarySuper
Contributors	51,655	Contributions	$536m
Preserved	75,929	Benefits paid
Pensioners	7,227	Lump sum:	$88m
Total	134,811	Pensions:	$146m

Summary
		Contributions	$1,971m
Contributors	262,886	Benefits paid
Preserved	219,789	Rollover:	$112m
Pensioners	198,822	Lump sum:	$1,131m
Grand Total	681,497	Pensions:	$4,894m

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