Commonwealth Consolidated ActsThe following is a simplified outline of this Act:
• This Act provides for a superannuation scheme, to be known as the Public Sector Superannuation Accumulation Plan (PSSAP).
• Generally, a person is eligible to become a member of PSSAP if he or she is a public sector employee who starts work on or after 1 July 2005.
• Generally, if a person is eligible to become a member of PSSAP, he or she becomes a member if:
(a) he or she chooses to become a member; or
(b) PSSAP is his or her mandated fund.
• A person's membership of PSSAP continues until the occasion, or the last of the occasions, on which a benefit is paid to or in respect of the member.
• Employers must pay contributions to PSSAP for the benefit of ordinary employer-sponsored members of PSSAP.
• CSC is responsible for PSSAP.
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