Your PSSap scheme
Public Sector Superannuation accumulation plan (PSSap) was established under the Superannuation Act 2005 to provide superannuation services and products to employees of the Australian Government and participating employers.
It provides a low cost way to save for your income needs in retirement.
PSSap is set up and run solely to meet the superannuation requirements of Australian Public Service employees. It is important all members understand how their PSSap scheme works. If you are a new employee in the Australian Public Service, it is likely you will automatically join PSSap unless you select another super fund.
What type of fund is PSSap?
PSSap is a ‘profit for members’ superannuation fund.
All investment earnings are returned to members after fees and taxes have been deducted.
It is also an accumulation fund. Money that you and your employer contribute, along with other super you transfer in, ‘accumulates’ over time with investment earnings. Your earnings depend on your investment option selection.
In this section learn about: