Superannuation (PSS)
Maximum Benefits (2015-2016)
Determination 2015
I, STEPHEN PAUL WHITTON, Director, APS Technical Team, Position No. 44, and Delegate of Commonwealth Superannuation Corporation, 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 22 May 2015
S WHITTON
Delegate of Commonwealth Superannuation Corporation
1 Name of Determination
This Determination is the Superannuation (PSS) Maximum Benefits
(2015-2016) Determination 2015.
2 Commencement
This determination takes effect on 1 July 2015.
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 2015, 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 $69,500.00
$695,000.00
$69,500.00 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 2015, as if the amounts specified in the following table were substituted for the amounts specified in that table:
Table – AFP Preliminary Maximum Benefits – Lump Sums
Average Salary
Preliminary Maximum Benefit
Less than $69,500.00
$695,000.00
$69,500.00 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 2015, 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 $69,500.00
$973,000.00
$69,500.00 and over
14 times average salary
