Superannuation (PSS) Maximum Benefits (2008-2009) Determination 2008 (Cth)

Superannuation (PSS) Maximum Benefits (20087-20098) Determination 20087

Select Legislative Instrument 2007 No.

I, JONATHON EDWARD HALE MATTHEW ARTHUR CASTLE, Manager of the Australian Public Service Sector Defined Benefit Schemes, Commonwealth Superannuation Administration, Position No. 44, and Delegate of the PSS BoardAustralian Reward Investment Alliance, , pursuant to rules B5.6.5 and B5.7.7 of of Section B of the PSS Rules, DETERMINE as follows:

Dated 30 June 20087

J HALE Delegate of the PSS BoardAustralian Reward Investment Alliance

1 Name of Determination

This Determination is the Superannuation (PSS) Maximum Benefits (20087-20098) Determination 20087.

2 Commencement

This determination shall take effect from and including 1 July 20087.

3 Maximum Benefits – Lump Sums

For rules B5.6.5 and B5.7.7 of the PSS Rules, the tables in rules B5.6.1 and B5.7.11 have has effect, for the financial year starting on 1 July 20087, as if the amounts specified in the following table were substituted for the amounts specified in those that tables:

Table

Maximum Benefits

Average Salary Maximum Benefit Less than $52,000 $520,000.00

$52,000 and over 10 times average salary

Table

Maximum Benefits

Average Salary Maximum Benefit Less than $51,010 $408,080 $51,010 or more 8 times average salary but less than $81,610 $81,610 or more $163,220 But less than $151,500 plus 6 times average salary $151,500 or more $617,720 plus 3 times average salary

4 4 Maximum Benefits – PensionsAFP 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 2008, as if the amounts specified in the following table were substituted for the amounts specified in that table: