The PSS is a defined benefit scheme meaning your payable benefits are defined in advance according to a formula. This formula is based on your years of membership in the PSS, your contribution rates and your final average salary (FAS).
You’ll know before you retire that you have a defined amount invested and available for your retirement - planning for your future has never been easier.
To find out how you can contribute to the PSS, see Contributions.
PSS benefits generally consist of three parts:
You can find more information on how we calculate your benefit and the different components in the Super book.
