Benefits are based on contributions made, length of service and final salary. Existing arrangements provide for the Commonwealth to reimburse the university on an emerging cost basis. The university contributes to the fund at a rate determined by the trust deed. The scheme is non contributory for employees. The fund provides benefits based on the defined contributions of the university during the membership of the employee.
Members can make voluntary contributions.
Staff receiving packages may request payments be made to TESS as salary sacrifice. Superannuation Schemes Nos. Employees were given the option of transferring to SSAU or remaining with the university's own schemes. Schemes 1 and 2 were amalgamated to form a fund known as the No.1 Scheme. The scheme is managed by a group of Trustees .