The 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.

* The PSS Board is responsible for PSSAP.