1Superannuation (PSS) Maximum Benefits (2006-2007) Determination 2006

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Superannuation (PSS)

Maximum Benefits (2006-2007) Determination 2006

 

Select Legislative Instrument 2006 No.

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I,  MATTHEW ARTHUR CASTLE, Manager of the Australian Public Service Defined Benefit Schemes, Commonwealth Superannuation Administration, Position No. 44, and Delegate of the PSS Board, pursuant to rules B5.6.5 and B5.7.7 of Section B of the PSS Rules, DETERMINE as follows:

 

 

Dated               14 June 2006

 

 

 

 

 

Matthew Castle

 

Delegate of the PSS Board

Image unavailable in extracted text 1 Name of Determination

 

This Determination is the Superannuation (PSS) Maximum Benefits

(2006-2007) Determination 2006.

 

 

2 Commencement

 

  This determination shall take effect from and including 1 July 2006.     

 

 

3 Maximum Benefits – Lump Sums

 

For rules B5.6.5 and B5.7.7 of the PSS Rules, the tables in rules B5.6.1 and B5.7.1 have effect, for the financial year starting on 1 July 2006, as if the amounts specified in the following table were substituted for the amounts specified in those tables:

 

 

• TableMaximum Benefits
• Average Salary Maximum Benefit
• Less than $49,366 $394,926
• $49,366 or more but less than $78,980 8 times average salary
• $78,980 or more But less than $146,610 $157,960plus 6 times average salary
• $146,610 or more $597,790plus 3 times average salary

 

 

 

4 Maximum Benefits – Pensions

 

For rule B5.7.7 of the PSS Rules, the table in rule B5.7.2 have effect, for the financial year starting on 1 July 2006, as if the amounts specified in the following table were substituted for the amounts specified in that table: