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Showing 1 - 10 of 22 results for "PSSap"

Cbus members to see 46% increase in insurance fees

ELIZA BAVIN  |  MONDAY, 4 MAY 2026
... Financial Standard reported members of Commonwealth Super Corporation's Public Sector Superannuation Accumulation Plan (PSSap) were also facing a rise. From May 1, the premiums for Total and Permanent Disablement (TPD) cover rose a 43.5%. In a statement ...

CSC to increase TPD premiums for PSSap members by 43.5%

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2026
Members of Commonwealth Super Corporation's Public Sector Superannuation Accumulation Plan (PSSap) are about to be hit with insurance premium increases of more than 40%. A recent review of the PSSap lifePLUS offering, underwritten by AIA Australia ...

Commonwealth Super Corp to consolidate legacy IT systems

MATTHEW WAI  |  MONDAY, 9 FEB 2026
... backlog of work is expected, CSC said. In the initial phase of several upcoming updates, Defined Contribution schemes - PSSap, CSCri, and ADF Super - will be affected. Transactions will pause, and CSC Navigator will be unavailable for these accounts. ...

Commonwealth Super delivers 'resilient' performance for FY25

MATTHEW WAI  |  WEDNESDAY, 27 AUG 2025
... its FY25 results, saying it continues to meet its objectives for members. The super fund delivered 10.6% for its default PSSap MySuper Balanced option, designed for Australian government employees, while its ADF Super MySuper Balanced option - for members ...

Commonwealth Super partners for admin uplift

JAMIE WILLIAMSON  |  WEDNESDAY, 27 NOV 2024
... Pillar Administration from the NSW government in 2016. Pillar had been handed the contract around 2012 when it was decided PSSap administration would be transferred from ComSuper. The new partnership involves migrating data systems for CSC's five distinct ...

Commonwealth Super Corp reworks admin fees

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2024
... changing the structure of its administration fees across ADF Super, the Public Sector Superannuation accumulation plan (PSSap) and CSC retirement income (CSCri). From March 1, members across these divisions will see their administration fees and costs ...

CSC turns 100 years old

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
... (PSS) scheme the same year. The PSS closed to new members in 2005 and was replaced by the Public Sector Accumulation Plan (PSSap). In 2011, Parliament passed new laws overhauling the Commonwealth's public service and military superannuation schemes. ...

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
... Superannuation Scheme (CSS), Public Sector Superannuation Scheme (PSS) or the Public Sector Superannuation accumulation plan (PSSap). No details of the agreement were disclosed. Historic data indicates 134 new ASIC employees joined the default option ...

Location, location, location: the key to retirement

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2017
... $7.6 billion fund should use a different retirement income target than the Public Sector Superannuation accumulation plan (PSSap), which has a significant proportion of Canberra-based members," the report reads. The findings shouldn't be seen as targets ...

Govt pulls Public Sector Super fee subsidy

Members of the Public Sector Superannuation accumulation plan (PSSap) will now have to pay superannuation fees after the government pulled funding for a subsidy. Some 83,000 members will have to pay the $6.50 per month admin fees previously paid by ...
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