The Public Sector Superannuation accumulation plan (PSSap)
Description
- Fully funded, accumulation plan
- Established 2005
Coverage
- Basic employer contribution of 15.4%
- Allows for voluntary member (after tax) contributions, salary sacrifice (before tax) contributions and spouse contributions
- From 1 July 2005 to 30 June 2006 compulsory for all permanent employees unless required to join the CSS or PSS. Optional for temporary and casual employees
- From 1 July 2005 to 30 June 2006, if provided by the employer, PSSap members could choose another fund through 'Choice of Funds'
- From 1 July 2006 not compulsory but maybe a new employee's chosen fund (restrictions may apply for preserved CSS or PSS members)
Website
Last updated September 7, 2009
