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  APSS 14 Defined Benefit SG Defined Benefit
 

Your 14.3% Defined Benefit

Your SG Defined Benefit

There is no APSS PDS or booklet for the CSS category. Please refer to the CSS website.

 

 



About Defined Benefits

Generally speaking, defined benefit super is where the benefits payable to members are based on a formula which may take into account such things as length of service, contribution rates and salary amounts. The APSS Defined Benefits are not affected by investment performance. The APSS currently has three Defined Benefit categories:

Which category do I belong to?

Category Description
14.3% If you are a permanent employee of Australia Post or an Associated Employer, you are most likely a member of the 14.3% Defined Benefit category.
The retirement benefits in this category are generally a lump sum calculated as 14.3% x your Final Average Salary x your years of full-time service with Australia Post or your Associated Employer.
SG
(Superannuation Guarantee)

If you are a non-permanent employee of Australia Post or an Associated Employer (e.g. contractor), you are most likely a member of the SG Defined Benefit category. This was formerly known as the 9% Defined Benefit category.

The retirement benefits in this category are generally a lump sum based on the applicable SG Accrual Rates x Final Average Salary x your years of full-time service with Australia Post or your Associated Employer. For more information on current and future SG Accrual Rates see Superannuation Guarantee in the Glossary.

CSS You are a member of the CSS category if you were a Commonwealth Superannuation Scheme (CSS) member prior to 1 July 1990 and you elected to retain your CSS super arrangements rather than transfer your super to the APSS. Please refer to the CSS website for details about your super in that scheme.