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Overview:
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The PSS provides superannuation products and services to employees of the Australian Government and participating employers. The PSS is a defined benefit scheme, which means that members' benefits are determined in advance of the member's retirement. Although the PSS was closed to new members in 2005, preserved benefit members who return to Australian Government employment can recommence contributing to the PSS. Employers contribute to our administration costs so members pay less and we pay no commissions to financial planners. Everything we do is aimed at helping past, present and future Australian Government employees and their families make the most of their financial future.
The PSS is managed by ARIA, who also manages the CSS, which was closed to new members on 30 June 1990, and the PSSap, which opened to new members as of 1st July 2005.
As of September 2007, ARIA had over $18.8 billion in funds under management and provided superannuation products and services to over 331,000 members, 130,000 pensioners and 221 Australian Government employers.
We value our responsibility to manage and invest the Fund to maximise the benefits to members and to act in members best interests. In 2003, we received a United Nations award for our investment governance program. ARIA is also a signatory to the United Nations Principles of Responsible Investment (UNPIR). |
