The PSSAP is established under the Superannuation Act 2005 and the Superannuation (PSSAP) Trust Deed.
The PSSAP commenced on 1 July 2005 and is an open accumulation scheme. PSSAP is generally available to Australian Government employees who commenced employment or who were appointed to a statutory office on or after that date, including certain other categories of approved persons.
For a member of the PSSAP, the employer will contribute at a rate of 15.4 per cent 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 PSSAP.
The Commonwealth Superannuation Corporation is the trustee of the PSSAP.