Components of your PSS
PSS is a Defined Benefit, this means your final benefit is determined by a formula. You also have an accumulation portion, for simplicity we call this the ‘Post 95’ transfer amount.
What is a Post 95 transfer amount?
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Post 95 transfer amount is any money transferred into your PSS account after 1995. This includes amounts transferred from other super funds, or government contributions.
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Your Post 95 transfer amount does not count towards your PSS Lifetime Pension.
You may choose to keep your Post 95 invested in your PSS account. However, when you access your PSS Defined Benefit, you must claim your Post 95 amount by rolling it into another super fund—like PSSap—or cash out (subject to preservation rules).
PSSap gives you more options
We want you to have more control over your retirement income. PSSap offers more flexibility and complements your existing PSS membership.
Choose your investment option
Elect to invest in one or more investment options—Aggressive, Balanced, Income Focused, and Cash.
Increase your contribution strategies
Make additional pre- and post-tax contributions (above your maximum 10% PSS contribution), including salary sacrifice to reduce your tax liability.
Remain with CSC for your super needs
Stay invested in PSSap in retirement or roll into a CSC retirement income account (CSCri).
Choose your beneficiary
Nominate who you want to receive your lump sum benefit.
How to join PSSap as an Ancillary member
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Start your online application or complete and return our Join PSSap as an Ancillary member form.
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Complete and return our Transfer out form to rollover your Post 95 amount to your PSSap account.
For more information read our PSSap Financial Services Guide (FSG), PSSap Product Disclosure Statement (PDS) and PSSap Target Market Determination (TMD).
Things to consider
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Estimate your Defined Benefit pension
Project different retirement income scenarios based on your investment choice and extra contributions.
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Calculate additional contributions available to you
Log into CSC Navigator, go to the Contributions tab, and select Cap calculator to see what additional contributions are available to you with PSSap. -
How much is enough