Public Sector Superannuation Accumulation Plan (PSSAP)

The PSSAP commenced on 1 July 2005 under the arrangements established by the Superannuation Act 2005 (2005 Act) [External Site] and the PSSAP Trust Deed [External Site]. PSSAP replaced the Public Sector Superannuation Scheme (PSS) and is generally available to Australian Government (AG) employees who commenced employment or appointment on or after that date, including persons employed by an Approved Authority (within the meaning of the 2005 Act) or persons who hold a statutory office.

For a member of the PSSAP, the employer will contribute at a rate of 15.4% of superannuation salary. The employer may also make additional contributions and members have the option of making voluntary personal contributions, including salary sacrifice contributions, to the PSSAP. These amounts are paid into the PSSAP Fund. The PSSAP Fund is managed by Commonwealth Superannuation Corporation (CSC) [External Site] (formerly the Australian Reward Investment Alliance).

The PSSAP benefit is a lump sum. CSC may offer access to certain retirement income products through an external provider of such products.

If you would like more information on the PSSAP, please visit the PSSAP web site [External Site].

Since 1 July 2006 AG employers have been required to provide choice of superannuation fund (choice) to new AG employees, new statutory office holders and PSSAP members.

Further information on choice arrangements is available on this website at Choice of Superannuation Funds for New Australian Government Employees.

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Contact for information on this page: superbranch@finance.gov.au