One of the two factors which define your PSS benefit. It is generally determined by how many years you contribute and your rate of contribution.

A super fund that works more like a savings account. Contributions are paid into it, investment earnings (positive or negative) are credited to the account and fees, taxes and charges are deducted from it.

Are contributions you make to your super from your pre-tax income. They are taxed on entry at 15% by the fund, and have a cap of $50,000 per annum

The maximum amount you can contribute from your before-tax income into your super before a tax penalty is applied is $50,000 p.a

The maximum amount you can contribute from your after-tax income into your super before a tax penalty is applied is $150,000 p.a or $450,000 averaged over three years.

A pension paid to you for life, which is indexed half yearly in line with the consumer price index

A super fund in which the benefits paid to the member are defined in advance according to a set formula. In this type of fund, it is generally your employer rather than you that carries the investment risk.

Are contributions you make to your super from your after-tax income contributions. These are not taxed on entry to the fund. These type of contributions are capped at $150,000 per annum or $450,000 over three years.

When you leave the PSS your benefit is preserved (you cannot roll it over to another fund). While preserved, your Member and Productivity components grow with investment returns. The Employer-financed component grows in line with CPI.

A policy introduced in July 1992 which provided that all employers are required to contribute a prescribed level of contributions on behalf of their employees to a complying superannuation fund.
The PSS Scheme exceeds the SG prescribed minimum.