Each time you are paid, your employer makes contributions to your super account on your behalf—they also pay you an employer component when you leave the PSS.
You can choose to make personal contributions and transfer any super you have with other funds into your PSS account.
To find out more about contributions, see the options below and check out contributing to the PSS. Before making any decisions, please read the PSS product disclosure statement.
In most cases, you can decide how much super you contribute into the PSS. You can choose to contribute between 2% and 10% of your salary (as a whole percentage) or you can choose not to contribute at all.
How much you decide to contribute will determine the amount your employer will contribute on your behalf.
It's easy to change your contribution rate -just complete the Change my super contribution rate form and send it to your personnel section.
If you're taking leave without pay (LWOP) some special provisions may apply—see the Leave Without Pay fact sheet for more information.
Your employer makes contributions to your account in two different ways:
Your employer pays your productivity component fortnightly and the amount is based on your superannuation salary.
Your employer component is a notional amount you receive when you leave the PSS and claim a benefit. It is the difference between your total equity in the PSS and the sum of your member and productivity components.
For more information, see contributing to the PSS.
The super co-contribution is a payment made by the government into your super account to help you save for retirement.
To be eligible for the super co-contribution, you must make personal contributions to your super and have a total income less than the Australian Tax Office (ATO) limit. The ATO determines if you're eligible to receive the super co-contribution, based on your tax return. If you're eligible, the ATO will send the amount straight to us.
For more information see super co-contributions or visit www.ato.gov.au.
Consolidating your super with one fund can save you time and money managing multiple accounts.
Your ‘super salary’ is the amount you’ve agreed to be paid by your employer through a certified agreement or Australian Workplace Agreement. If you don’t have an agreement, it’s your basic salary plus any recognised allowances. Additional payment such as overtime, accommodation or travel are not counted.
Please contact your personnel section if you have any questions about your super salary.
