1Superannuation (PSS) Maximum Benefits (2019-2020) Determination 2019

---

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 meta-generator: Aspose.Words for .NET 20.2

?xml version="1.0" encoding="utf-8" standalone="no"?>

Superannuation (PSS)

Maximum Benefits (2019-2020)

Determination 2019

 

 

Image unavailable in extracted text 

I, ADAM SCOTT NETTHEIM, Head of Scheme Operations, Scheme Administration, and Delegate of Commonwealth Superannuation Corporation, pursuant to rules 5.6.5 and 5.7.7 of the PSS Rules, in the Schedule to the Deed in force under section 4 of the Superannuation Act 1990, DETERMINE as follows:

 

Dated   30 May 2019

 

 

 

 

 

 

 

 

A NETTHEIM

Delegate of Commonwealth Superannuation Corporation

Image unavailable in extracted text 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Name of Determination

 

This Determination is the Superannuation (PSS) Maximum Benefits

(2019-2020) Determination 2019.

 

 

2 Commencement

 

  This determination commences on 1 July 2019.     

 

 

3 Maximum Benefits – Lump Sums

 

For rule 5.6.5 of the PSS Rules, the table in rule 5.6.1 has effect, for the financial year starting on 1 July 2019, as if the amounts specified in the following table were substituted for the amounts specified in that table:

 

• Table – Maximum Benefits
• Average Salary Maximum Benefit
• Less than $75,500.00 $755,000.00
• $75,500.00 and over 10 times average salary

 

 

4                    Maximum Benefits – AFP Lump Sums

 

For rule 5.7.7 of the PSS Rules, the table in rule 5.7.1 has effect, for the financial year starting on 1 July 2019, as if the amounts specified in the following table were substituted for the amounts specified in that table:

 

• Table – AFP Preliminary Maximum Benefits – Lump Sums
• Average Salary Preliminary Maximum Benefit
• Less than $75,500.00 $755,000.00
• $75,500.00 and over 10 times average salary

5                     Maximum Benefits – AFP Pensions

 

For rule 5.7.7 of the PSS Rules, the table in rule 5.7.2 has effect, for the financial year starting on 1 July 2019, as if the amounts specified in the following table were substituted for the amounts specified in that table:

 

• Table – AFP Preliminary Maximum Benefits – Pensions
• Final Average Salary PreliminaryMaximum Benefit
• Less than $75,500.00 $1,057,000.00
• $75,500.00 and over 14 times average salary