External

SAFETY, REHABILITATION AND COMPENSATION ACT 1988

SUPERANNUATION PENSIONS – JULY 2000 UPDATE

1.This Policy Advice revokes and replaces Jurisdictional Policy Advice No. 2000/07 issued on 6 June 2000.

Background

  1. The Government funded portion of all Commonwealth Superannuation pensions paid by the Commonwealth Superannuation Administration (Comsuper) is adjusted annually.

  1. This adjustment to pensions may affect weekly incapacity benefits payable to ex-employees.

4.This Policy Advice only applies to pensions paid by Comsuper i.e. under the Commonwealth Superannuation Scheme (CSS), the Public Sector Superannuation Scheme (PSS), the Defence Force Retirement and Death Benefits Scheme (DFRDB) or the Military Superannuation and Benefits Scheme (MSBS).   Details of adjustments to pensions paid under other superannuation schemes, which may also affect weekly incapacity benefits payable to ex-employees, should be checked with the scheme administrators.

Policy Advice

  1. Comsuper advise that the Government funded portion of pension benefits payable will increase by 2.8% for the financial year 2000 - 2001.

  1. The increase is effective from 1 July 2000 and will be paid on pension payday 13 July 2000.

  1. Enquiries about the application of this policy should be directed to the Policy & Co-ordination Group on 1300 366 979.

Regulatory Services Division

Comcare

23 June 2000