Superannuation (PSS) Productivity Contribution (2012-2013) Determination 2012 (Cth)

Superannuation (PSS)

Productivity Contribution

(2012-2013) Determination 2012

I, STEPHEN PAUL WHITTON, Director, Australian Public Sector Payments and Entitlements, Position No. 44, and Delegate of Commonwealth Superannuation Corporation, 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          20 June 2012

S WHITTON

Delegate of Commonwealth Superannuation Corporation

1. Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2012-2013) Determination 2012.

2          Commencement

This determination shall take effect from and including 1 July 2012.     

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 2012, 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 $2,000.67   $60.02

$2,000.67 or more but less than    The amount that is 3% of the

$3,223.33      employee’s fortnightly rate of

salary

$3,223.33 or more but less than   $96.70

$4,835.00

$4,835.00 or more   The amount that is 2% of the

employee’s fortnightly rate of

salary