Superannuation (PSS) Productivity Contribution (2010-2011) Determination 2010 (Cth)

Superannuation (PSS)

Productivity Contribution

(2010-2011) Determination 2010

I,  SANDRA BAILEY, A/G Manager of the Australian Public Sector Defined Benefit Schemes Administration Section, Commonwealth Superannuation Administration, Position No. 44, and Delegate of Australian Reward Investment Alliance, pursuant to Rule 4.3.3 of the PSS Rules in the schedule to the Deed in force under section 4 of the Superannuation Act 1990, DETERMINE as follows:

Dated 25 June 2010

S BAILEY

Delegate of Australian Reward Investment Alliance

1. Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2010-2011) Determination 2010.

2          Commencement

This determination shall take effect from and including 1 July 2010.     

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 2010, 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 $1848.67   $55.46

$1848.67 or more, to under    The amount that is 3% of the

$2978.00      employee’s fortnightly rate of

salary

$2978.00 or more, to under   $89.34

$4467.00

$4467 or more              The amount that is 2% of the

employee’s fortnightly rate of

salary