Superannuation (PSS) Productivity Contribution (2016-2017) Determination 2016 (Cth)

Superannuation (PSS)
Productivity Contribution
(2016-2017) Determination 2016

I, STEPHEN PAUL WHITTON, Director, APS Technical Team, 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          1 June 2016

S WHITTON
Delegate of Commonwealth Superannuation Corporation
 

1. Name of Determination

   This Determination is the Superannuation (PSS) Productivity Contribution (2016-2017) Determination 2016.

2          Commencement

This determination shall take effect on 1 July 2016.     

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 2016, 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 $2,250.00   $67.50

$2,250.00 or more but less than    The amount that is 3% of the
$3,624.67      employee’s fortnightly rate of
  salary

$3,624.67 or more but less than   $108.74
$5,437.00

$5,437.00 or more   The amount that is 2% of the
   employee’s fortnightly rate of
   salary