Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p50
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 50/106)
Character Range: 247158–250710

compensation payment) by the member on that day.

   The following chart shows the approximate percentage of average salary that would be accrued if contributions were paid at the same rate for a whole year by a full‑time regular member
   % Paid                                                                                                                                                                                   % of AS  % Paid  % of AS  % Paid  % of AS  % Paid  % of AS
                                                                                                                                                                                                     2       15 %     5       21 %     8       27 %
   0                                                                                                                                                                                        11 %     3       17 %     6       23 %     9       29 %
                                                                                                                                                                                                     4       19 %     7       25 %     10      31 %

   Note:  Where a member is a no‑TFN member or a zero contributions member on a contribution due day the contribution is taken to be 0% for that contribution due day.

Average accrual
5.2.4 The Average Accrual applicable to a regular member are the sum of the Fortnightly Contribution Accruals that would have accrued:
         (a) if the member has less than 260 contribution due days during his/her period of membership, as if he/she had paid contributions at the rate of 5% of his/her fortnightly contribution salary on each of those contribution due days; or
         (b) if the member has 260 or more contribution due days during his/her period of membership, as if he/she had paid contributions at the rate of:
             (i) 5% of his/her fortnightly contribution salary on each of the first 260 contribution due days; and
             (ii) 10% of his/her fortnightly contribution salary on each of the remaining contribution due days (if any);

unless:

    (A) the member has:
             (i) a Preserved Multiple, a Restoration Multiple or a CSS Transfer Multiple or a Non‑Cash Transfer Multiple (see Rule 5.2.5); or
         (ii) a Membership Transfer Multiple (see Rule 5.2.6); or
    (B) the member has advised CSC he/she;
         (i) has more than one membership (see Rule 5.2.7); or
             (ii) is, or was on ceasing membership, also an eligible employee under the Superannuation Act 1976 (see Rule 5.2.8); or
    (C) the member:
             (i) immediately before joining the PSS scheme, was a member of a superannuation scheme of a State or Territory by reason of continuous employment in an organisation, business, service, asset or function, of that State or Territory which was sold to the Commonwealth or transferred to the Commonwealth; and
             (ii) ceased membership of that superannuation scheme as a result of the sale or transfer; and
         (iii) continued in employment with the Commonwealth (see Rule 5.2.9).
5.2.5 The Average Accrual applicable to a regular member who has a Preserved Multiple, a Restoration Multiple, CSS Transfer Multiple or a Non‑Cash Transfer Multiple, or any combination of those multiples is:
         (a) where the contribution due days applicable to that multiple or multiples are less than 260, the multiple that would have accrued under Rule 5.2.4 if