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Parliamentary Superannuation Act 1974
Div 2Contributions by members of PSS 1 or PSS 2
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Division 2—Contributions by members of PSS 1 or PSS 2
14A—Contributions by members of PSS 1 or PSS 2
(1) Subject to subsection (2), the contributions payable by PSS 1 or PSS 2 members will be 11.5 per cent of the basic salary and additional salary (if any) payable to each member and must be deducted by the Treasurer when paying salary to members.
(2) The contribution payable by a PSS 1 or PSS 2 member whose period of service as a member of Parliament is equal to or exceeds 20 years and 1 month is 5.75 per cent of the member's basic salary and 11.5 per cent of the member's additional salary (if any).