Superannuation (PSS) Maximum Benefits (2012-2013) Determination 2012

This Determination is the Superannuation (PSS) Maximum Benefits (2012-2013) Determination 2012.

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

For rule 5.6.5 of the PSS Rules, the table in rule 5.6.1 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 - Maximum Benefits

Average Salary

Maximum Benefit

Less than $62,500.00

$625,000.00

$62,500.00 and over

Maximum Benefits – AFP Lump Sums

For rule 5.7.7 of the PSS Rules, the table in rule 5.7.1 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 – AFP Preliminary Maximum Benefits – Lump Sums

Average Salary

Preliminary Maximum Benefit

Less than $62,500.00

$625,000.00

$62,500.00 and over

Maximum Benefits – AFP Pensions

For rule 5.7.7 of the PSS Rules, the table in rule 5.7.2 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 – AFP Preliminary Maximum Benefits - Pensions

Final Average Salary

Preliminary Maximum Benefit

Less than $62,500.00

$875,000.00

$62,500.00 and over