Superannuation (PSS) Productivity Contribution (2005-2006) Determination 2005 (Cth)

Superannuation (PSS) Productivity Contribution (2005-2006) Determination 2005

I,  MICHAEL JOHN SIMPSON, Manager of the Civilian Defined Benefit Schemes Administration Section, Commonwealth Superannuation Administration, Position No. 44, and Delegate of the PSS Board, pursuant to rule 4.3.3 of the PSS Rules, DETERMINE as follows:

Dated this twenty-ninth day of June 2005

M. Simpson

Delegate of the PSS Board

1. 
   Name of Determination

This Determination is the Superannuation (PSS) Productivity Contributions (2005-2006) Determination 2005.

2          Commencement

This determination shall take effect from and including 1 July 2005.     

3          Productivity Contributions

For Rule 4.3.3 of the PSS Rules, the table in Rule 4.3.2 has effect, for the financial year starting on 1 July 2005, as if the amounts specified in the following table were substituted for the amounts specified in that table:

Table

Fortnightly rate of salary   Fortnightly productivity

contribution

 

Less than $1 473.33               $44.20

$1 473.33 or more, but less    The amount that is 3% of the

than $2 374.00   employee’s fortnightly rate of

salary

$2 374.00 or more, but less   $71.22

than $3 561.00

$3 561.00 or more   The amount that is 2% of the

employee’s fortnightly rate of

salary

 

1. Revocation

The PSS (Productivity Contribution Rates) Determination No 1, as amended, is revoked.

Note: