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About Member Statements
- Where is my transfer value on my Statement?
- Why is the salary on my Member Statement lower than what I am presently receiving?
- What is the SIS Upper Limit?
- What are Contribution Due Days?
- Why did I receive only one statement when I have Multiple PSS Memberships?
Where is my transfer value on my Statement?
Your transfer value is shown as a separate amount under the table indicating your equity in the Fund. In some instances where a transfer multiple has been calculated, this amount may be shown as part of your Member, Productivity or Employer components.
Why is the salary on my Member Statement lower than what I am presently receiving?
Your salary shown on your Member Statement is your salary for superannuation purposes as at your most recent birthday immediately prior to the 30 of June each year. If you had a birthday after the 1 July, this salary will be shown on your next Member Statement.
What is the SIS Upper Limit?
The SIS Upper Limit represents the total available benefit if you were retrenched on the 1 July 1999 and includes both your Member Component and most of your Employer Component. Generally, you can access the lesser of either your member component or your SIS upper limit as a lump sum on resignation or retrenchment prior to your preservation age.
What are Contribution Due Days?
Contribution Due Days are paydays where you have made a contribution. If you have less than 260 due days the most your employer will match is based on an average of 5%. However, If you have reached 260 Contribution Due Days and you elect to pay more than 5% your employer will match the rate.
Why did I receive only one statement when I have Multiple PSS Memberships?
Where possible your PSS records have been linked together, and your single current statement incorporates the information from all your previous membership(s). Where linking the records has not been possible, you will continue to receive separate statements for each “unlinked” membership.