Superannuation (PSS) Maximum Benefits (2013-2014) Determination 2013 (Cth)
Superannuation (PSS)
Maximum Benefits (2013-2014)
Determination 2013
I, STEPHEN PAUL WHITTON, Director, Australian Public Sector Payments and Entitlements, 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 6 June 2013
S WHITTON
Delegate of Commonwealth Superannuation Corporation
1 Name of Determination
This Determination is the Superannuation (PSS) Maximum Benefits
(2013-2014) Determination 2013.
Commencement
This determination shall take effect from and including 1 July 2013.
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 2013, 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 $65,500.00 | $655,000.00 |
| $65,500.00 and over | 10 times average salary |
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 2013, 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 $65,500.00 | $655,000.00 |
| $65,500.00 and over | 10 times average salary |
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 2013, 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 $65,500.00 | $917,000.00 |
| $65,500.00 and over | 14 times average salary |
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