PSS and CSS Long Term Cost Report

The Public Sector Superannuation Scheme (PSS) and Commonwealth Superannuation Scheme (CSS) are reviewed every three years by an independent actuarial firm to determine the schemes' cost. The review examines the size of the schemes' unfunded liabilities, the timing of the projected payments (to be made over a period of decades), and the notional employer contribution rates.

The results of the most recent review are outlined in the PSS and CSS Long Term Cost Report (LTCR) 2017, which is based on data as at 30 June 2017.

This latest report shows that the PSS and CSS unfunded liability was $137.8 billion as at 30 June 2017. This is higher than the estimate contained in the 2014 LTCR and is primarily due to the movement in the discount rate used to value the liability amount. Further information can be found in the report.

A link to the 2017 LTCR and previous (2014, 2011, 2008, 2005, 2002 & 1999) LTCRs are provided below.

2017

Long-term Cost Report [ 1.2 MB ]
Long-term Cost Report [ 489 KB ]

2014

Long-term Cost Report [ 1.1 MB ]
Long-term Cost Report [ 307 KB ]

2011

Long-term Cost Report [ 1.3 MB ]
Long-term Cost Report [ 526 KB ]

2008

Long-term Cost Report [ 428 KB ]
Long-term Cost Report [ 1.4 MB ]

2005

Long-term Cost Report [ 346 KB ]
Long-term Cost Report [ 201 KB ]

2002

Long-term Cost Report [ 358 KB ]
Long-term Cost Report [ 206 KB]

1999

Long-term Cost Report [ 176 KB ]
Long-term Cost Report [ 125 KB ]

If you cannot access these documents please email: superbranch@finance.gov.au

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

Last updated: 04 July 2018