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To give you greater flexibility in preparing for your life after work, your contribution options have been expanded.
What’s changing?
From 1 July 2008, you will no longer have to contribute a minimum 2% of your salary into your PSS super.
Instead, you can continue to contribute between 2% and 10% of your salary OR you can choose to contribute nothing at all.
You can change your contribution rate at any time and if you decide not to make any changes, your member contributions will remain at their current rate.
What does this mean?
It’s a great opportunity to explore how your contribution rate ultimately determines the size of your final benefit and to check if you are contributing at the rate to achieve your goals.
Remember – You don’t have to act on this expanded option now. It will always be available to you.