Superannuation (PSS) Maximum Benefits (2020-2021) Determination 2020

This Determination is the Superannuation (PSS) Maximum Benefits (2020-2021) Determination 2020.

This determination commences on 1 July 2020.

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 2020, 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 $78,000.00

$780,000.00

$78,000.00 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 2020, 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 $78,000.00

$780,000.00

$78,000.00 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 2020, 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 $78,000.00

$1,092,000.00

$78,000.00 and over