Your PSS is a defined benefit superannuation scheme.
As a contributing member you receive:
- employer benefits that accrue well above mandatory 9% Superannuation Guarantee contributions
- automatic death and invalidity cover
- flexible retirement benefit options including a CPI-indexed pension for life.
Your total final benefit is not affected by investment performance (except for any fund transfers and co-contribution amounts received on your behalf).
PSS provides the security of a super benefit ‘defined’ in advance by a set formula:
Your final average salary X your accrued benefit multiple
- Your final average salary – average ‘super salary’ over last three years
- Your accrued benefit multiple – length of time you contribute (at each contribution rate) driven by your contribution rate of between 2% and 10%
Learn more about how your PSS works and attend a free super workshop.
Please also read your PSS Product Disclosure Statement.
View or download popular forms and publications for contributing members.
Take action for your situation
Grow and manage your super
- Change your super contribution rate
- Transfer other super into PSS
- Consider your insurance options
- Switch to part-time employment
- Manage and view your super online
Plan your future
- Estimate your future entitlement – use i-Estimator
- Ask us for a written benefit estimate if 12 months or less to retirement
- Involuntary retirement – redundancy or retrenchment?
- Invalidity retirement? Understand your options if retired on invalidity grounds
- Consider expert financial advice for your situation
- Benefit applications – how to withdraw your benefit
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