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Parliamentary Superannuation Act 1974
Div 3Contributions by members of PSS 3
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Division 3—Contributions by members of PSS 3
14B—Contributions by members of PSS 3
(1) Subject to this Act, a PSS 3 member may elect to make contributions to the Treasurer at a whole number percentage of the combined value of the basic salary and additional salary (if any) payable to the member and such contributions must be deducted by the Treasurer when paying salary to the member.
(2) A PSS 3 member may, from time to time, elect to vary a rate of contribution under subsection (1).
(3) An election under subsection (2) must be made to the Board in writing and will operate from a date to be fixed by the Board.
(4) In addition, a PSS 3 member may make additional monetary contributions to the Treasurer under this subsection that are not related to the member's salary.
(5) The amount of each contribution under subsection (4) must be equal to or exceed the amount prescribed by the regulations for the purposes of subsection (4).