ARIA's primary responsibility is the management and investment of the PSS Fund in the equitable and best interests of all members. ARIA approaches this task by setting an investment objective to maximise the real returns earned on investments subject to a tolerable level of short-term volatility.
The impact of investment performance on your final benefit varies from minimal, if you are a contributing member, to significant if you are a preserved benefit member or if you have transferred amounts from other funds. However, all members may find it useful to understand how the fund performs.
Use this area to find out about
If you are a contributing member your total final benefit is largely unaffected by Fund earnings because it is ‘defined' by your Final Average Salary and a factor called an Accrued Benefit Multiple. Your Accrued Benefit Multiple is determined by how many years you contribute and your rate of contribution. However, any money you have transferred from another fund may be affected by Fund earnings.
If you are a preserved benefit member Fund earnings have a more direct impact on your benefit. Your total benefit is no longer defined by your Final Average Salary and Accrued Benefit Multiple. Instead, the taxed components of your benefit (your member and productivity components) will grow in line with Fund earnings. The untaxed component (your employer- financed component) will continue to grow in line with the Consumer Price Index (CPI).
Preserved benefit and Associate members can choose a Cash Investment Option.
If you are planning to retire or claim your deferred benefit in the next 12 months, you can request an estimate by completing an Estimate request form.
