Public Sector Superannuation Scheme (PSS) was established under the Superannuation Act 1990 to provide superannuation services and products to eligible employees of the Australian Government and participating employers.
Your PSS is a defined benefit superannuation scheme, meaning your super benefit is defined in advance by a set formula. This formula is based on:
- your contribution rate
- your final super salary (FAS)
- your length of PSS membership.
These factors influence your final PSS benefit much more than investment returns.
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