Happy 5th birthday PSSap!

Today the PSSap turns five and we'd like to celebrate this milestone with our members by reflecting on the past five eventful years.

The PSSap story so far

On 1 July 2005, the PSSap was set up solely to meet the superannuation needs of Australian Government employees.

Our aim is to be a world-class provider of superannuation for past, present and future Australian Government employees.

We know that our members value the safety and security of funds invested and the quality of our member communications information. So we focus on consistent strong long-term performance and giving our members the information and education to help them make the right super decisions.

So how much do you know about your super fund – the PSSap?

Find out:

Five facts about the PSSap

  1. The PSSap was established on 1 July 2005 and is set up solely to meet the superannuation needs of Australian Government employees.
  2. The PSSap is a 'profit for members' fund which means that, after fees and taxes, investment earnings are returned to members.
  3. We attract a level of employer contribution well above the Superannuation Guarantee of 9%. Employers contribute at least 15.4% of superannuation salary to the PSSap.
  4. The PSSap is managed by ARIA, which was established under the Superannuation Act 1990. ARIA also manages the Commonwealth Superannuation Scheme (CSS) and the Public Sector Superannuation Scheme (PSS) which are closed to new members.
  5. ARIA has over $18 billion funds under management, over 90,000 members from over 200 Australian Government departments and agencies.

Five reasons to celebrate

  1. The PSSap received a platinum rating from SuperRatings for four years running. Over 200 funds were analysed for investments, fees and charges, administration, advice, governance, insurance, and overall benefits to members. They found that overall, the PSSap rates within the top 15% for this award. Find out about what SuperRatings says about us.
  2. We value environmental, social and corporate governance, helped create the United Nations Principles of Responsible Investment and were one of the first signatories to them.
  3. We've been delivering our At Work for You education program directly to our members workplace since 2006. Our program helps members develop the knowledge and skills they need to manage their super with confidence.
  4. The Trustee Choice outperformed the median super fund (based on SuperRatings' May 2010 performance data), both on a three-year rolling basis and also since our inception in 2005.
  5. On 1 March 2010 we changed our PSSap insurance options. Now the default death and TPD cover amount changes as you get older. Our different levels of cover are based on what the average member needs at different stages in their life. Find out more about our new insurance.

Five things you can do to get your super on track

  1. Find out how your super works – take a look at around our website where you'll find all the info you need including fact sheets, frequently asked questions and more. You can even sign up to attend one of our free super workshops.
  2. Monitor your super online – get an access number and log in to Your account where you can view your balance, make extra contributions and use our handy calculators.
  3. Choose your investment options – you've got the choice to mix and match your investment options to suit your long term goals and you can change these at any time and you can make changes online through Your account.
  4. Make extra contributions – by setting aside a little extra money now, you'll get your super off to a good start and you may be eligible for the government's super co-contribution.
  5. Transfer super from other funds into the PSSap – it's less paperwork in the mail and you'll be saving on management fees and charges.

Happy 5th birthday PSSap!