Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p47
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 47/106)
Character Range: 237016–239764

fortnightly contribution salary;
AFR      is the Applicable Fortnightly Rate of  Salary.

4.3.8 Rule deleted in the 10th Amending Deed.
4.3.9 Rule deleted in the 10th Amending Deed.
4.3.10 Rule deleted in the 10th Amending Deed.

Contributions to be paid to CSC
4.3.11 All productivity contributions payable by designated employers under the Rules are to be paid to CSC which must pay them into the PSS Fund.

PART 5 — benefits
  Note:  Benefits in respect of amounts transferred into the PSS scheme are not included in a Benefit Accrual Multiple.  These benefits are covered in Part 11.  A maximum benefit can be affected by a benefit in respect of an amount transferred into the PSS before 31 December 1995 if a pension becomes payable — see Rule 11.3.10.
Division 1

Member's benefit accruals
5.1.1. A benefit accrual in relation to a member on a day is:
         (a) if he/she is not a maximum benefits member, his/her Benefit Accrual Multiple (see Divisions 2 and 3 of this Part) multiplied by his/her average salary; or
         (b) if he/she is a maximum benefits member, his/her maximum benefit (see Division 6 of this Part).
5.1.2 Benefits do not accrue to members if the accrual is prohibited by the SIS Act.

Former member's benefit accruals
5.1.3 A final benefit accrual in relation to a former member is:
         (a) if he/she was not, at the time of ceasing membership, a maximum benefits member, his/her Benefit Accrual Multiple (see Divisions 2 and 3 of this Part) multiplied by his/her final average salary; or
         (b) if he/she was, at the time of ceasing membership, a maximum benefits member, his/her maximum benefit (see Division 6 of this Part).
5.1.4 An invalidity benefit accrual in relation to a former member is:
         (a) if he/she was not, at the time of ceasing membership, a maximum benefits member, his/her final average salary multiplied by the sum of his/her Benefit Accrual Multiple (see Divisions 2 and 3 of this Part) and Invalidity Multiple (see Divisions 4 and 5 of this Part); or
         (b) if he/she was, at the time of ceasing membership, a maximum benefits member, his/her maximum benefit (see Division 6 of this Part).
5.1.5 A death benefit accrual in relation to a deceased member is:
    (a) if he/she:
         (i) died on or after age 60; or
         (ii) was a limited benefits member at the date of death;
         his/her final benefit accrual (see Rule 5.1.3); and
    (b) if he/she:
         (i) died before age 60; and
         (ii) was not a limited benefits member at the date of death;
         his/her invalidity benefit accrual (see Rule 5.1.4).

Adjustment of benefit accruals where substituted contribution days apply
5.1.6 If CSC and the designated employer agreed under Rule