Superannuation (PSS) Productivity Contribution (2011-2012) Determination 2011 (Cth)

Superannuation (PSS)

Productivity Contribution

(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 WHITTON

Delegate of Australian Reward Investment Alliance

1. Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2011-2012) Determination 2011.

2          Commencement

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

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 2011, 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 $1,915.33   $57.46

$1,915.33 or more, to under    The amount that is 3% of the

$3,086.00      employee’s fortnightly rate of

salary

$3,086.00 or more, to under   $92.58

$4,629.00

$4,629.00 or more   The amount that is 2% of the

employee’s fortnightly rate of

salary