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Superannuation (PSS)
Maximum Benefits (2011-2012) Determination 2011

I, STEVE WHITTON, Director, Australian Public Sector Payments and Entitlements, Position No. 44, and Delegate of Australian Reward Investment Alliance, pursuant to rules 5.6.5 and 5.7.7 of the PSS Rules, in the schedule to the Deed in force under section 4 of the Superannuation Act 1990, DETERMINE as follows:

Dated  29 June 2011

S WITTON
Delegate of Australian Reward Investment Alliance

1 Name of Determination

    This Determination is the Superannuation (PSS) Maximum Benefits
    (2011-2012) Determination 2011.

2 Commencement

       This determination shall take effect from and including 1 July 2011.

3 Maximum Benefits – Lump Sums

    For rule 5.6.5 of the PSS Rules, the table in rule 5.6.1 has effect, for the financial year starting on 1 July 2011, as if the amounts specified in the following table were substituted for the amounts specified in that table:

Table

Maximum Benefits

Average Salary        Maximum Benefit
Less than $60,000.00  $600,000.00

$60,000.00 and over   10 times average salary

    4                    Maximum Benefits – AFP Lump Sums

    For rule 5.7.7 of the PSS Rules, the table in rule 5.7.1 has effect, for the financial year starting on 1 July 2011, as if the amounts specified in the following table were substituted for the amounts specified in that table:

Table

Maximum Benefits

Average Salary        Preliminary Maximum Benefit
Less than $60,000.00  $600,000.00

$60,000.00 and over   10 times average salary

    5                    Maximum Benefits – AFP Pensions

    For rule 5.7.7 of the PSS Rules, the table in rule 5.7.2 has effect, for the financial year starting on 1 July 2011, as if the amounts specified in the following table were substituted for the amounts specified in that table:

Table

AFP Preliminary Maximum Benefits

Pensions

Final Average Salary              Preliminary Maximum Benefit
Less than $60,000.00              $840,000.00

$60,000.00 and over               14 times average salary