Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p45
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 45/83)
Character Range: 516187–519140

chosen the rate of 5%.
11.4.4 A member may change his/her future rate of additional contributions at any time to another whole percentage rate that is not less than 2% or more than 10% of his/her fortnightly contribution salary.  Changes take effect on the contribution day occurring immediately after the date of the member's request to change his/her rate of additional contributions.

Additional contributions not allowed to be paid
11.4.5 A member is not permitted to pay additional contributions in respect of any contribution day occurring when the PSS Fund is prohibited by the SIS Act from receiving those contributions.

Additional contributions to be paid to CSC
11.4.6 Additional contributions payable by members under these Rules are to be paid to CSC by or on behalf of the member choosing to pay the additional contributions. CSC must pay into the PSS Fund all additional contributions it receives from, or on behalf of, members.

Substitution of contribution days
11.4.7 CSC and a designated employer may agree to substitute other days in lieu of contribution days for payments of additional contributions if the designated employer does not pay members in respect of each fortnight ending on the day before a contribution day.  CSC will adjust the calculation and payment of additional contributions as necessary.

Accumulation of additional contributions and preserved additional contributions
11.4.8 Interest (if any) on additional contributions paid into the PSS Fund accumulates in accordance with a determination or determinations by CSC as to rates of interest and method of allocation.  The additional contributions plus accumulated interest are called Accumulated Additional Contributions.

Benefit entitlement on cessation
11.4.9 A member who:
    (a)  chooses to pay additional contributions; and
    (b) ceases to be a member, but not by reason of death;
is entitled to be paid a lump sum of his/her Accumulated Additional Contributions.
11.4.10 On the death of a member who chooses to pay additional contributions the Accumulated Additional Contributions are payable under the same conditions and to the same person or persons, and, where relevant, in the same proportions as are payable to those persons, as the deceased member's death benefit accrual is payable under Part 7.  The Accumulated Additional Contributions cannot be taken as a reversionary pension.

Roll‑over of Accumulated Additional Contributions
11.4.10A At any time, a member or a preserved benefit member who has chosen to pay additional contributions into the PSS scheme under Rule 11.4.1 is entitled to roll‑over the balance of their Accumulated Additional Contributions.
11.4.10B CSC may determine any fees to be charged in relation to a roll‑over requested under Rule 11.4.10A and deduct them from the member's Accumulated Additional Contributions prior to roll‑over.

Payment of Accumulated Additional Contributions in relation to a release authority