Superannuation (PSS) Maximum Benefits (2007-2008) Determination 2007

This Determination is the Superannuation (PSS) Maximum Benefits (2007-2008) Determination 2007.

This determination shall take effect from and including 1 July 2007.

For rules B5.6.5 and B5.7.7 of the PSS Rules, the tables in rules B5.6.1 and B5.7.1 have effect, for the financial year starting on 1 July 2007, as if the amounts specified in the following table were substituted for the amounts specified in those tables:

Table

Maximum Benefits

Average Salary Maximum Benefit

Less than $51,010 $408,080

$51,010 or more but less than $81,610 8 times average salary

$81,610 or more

But less than $151,500 $163,220 plus 6 times average salary

$151,500 or more $617,720 plus 3 times average salary

For rule B5.7.7 of the PSS Rules, the table in rule B5.7.2 have effect, for the financial year starting on 1 July 2007, as if the amounts specified in the following table were substituted for the amounts specified in that table:

Table

AFP Preliminary Maximum Benefits

Pensions

Final Average Salary Preliminary Maximum Benefit

Less than $51,010 $573,863

$51,010 or more but less than $81,610 11.25 times average salary

$81,610 or more but less than $151,500 $244,830 plus 8.25 times average salary

$151,500 or more

$699,330 plus 5.25 times average salary