PSSap (Public Sector Superannuation Accumulation Plan) is the accumulation superannuation fund for current Australian Government employees who do not have access to the legacy defined benefit CSS or PSS schemes. It is also open to former eligible members.
Key Facts
| Feature | Detail |
|---|---|
| Full name | Public Sector Superannuation Accumulation Plan |
| Fund type | Public sector accumulation fund |
| Administered by | Commonwealth Superannuation Corporation (CSC) |
| Eligible members | Australian Government employees hired after 1 July 2005 |
| Website | csc.gov.au/pssap |
PSSap vs PSS and CSS
The Australian Government has three civilian public sector super schemes:
| Scheme | Type | Open to |
|---|---|---|
| CSS (Commonwealth Superannuation Scheme) | Defined benefit | Closed — pre-1990 entrants |
| PSS (Public Sector Superannuation Scheme) | Defined benefit | Closed — pre-2005 entrants |
| PSSap | Accumulation | Current APS employees from July 2005 |
If you are a current Australian Government employee hired from 1 July 2005, you are likely in PSSap. If hired before 2005, you may still be in PSS (defined benefit). See Public Sector Super Guide.
Employer Contributions
Australian Government (APS) employers contribute 15.4% of salary to PSSap — higher than the standard 11.5% SG. This higher rate reflects the public sector employment framework.
Fees
PSSap is generally competitive on fees:
- Administration fee: Low dollar-based fee
- Investment management fees (ICR): Competitive within the sector
For current fee information, refer to the PSSap PDS at csc.gov.au.
Investment Options
PSSap offers:
- MySuper Balanced option (default)
- Cash
- Income Focused
- Balanced
- Indexed Diversified
- Property
- Australian Equities
- International Equities
The Indexed Diversified option uses passive index investing — often lower fees than active management.
Insurance
PSSap provides default death and TPD cover for eligible members. Income protection is also available.
Who Is Eligible
PSSap is available to:
- Current Australian Public Service (APS) employees
- Current employees of designated APS agencies
- Former PSSap members (preserved benefits)
Private sector employees are not eligible unless through a corporate arrangement.
For advice on PSSap and public sector super, speak with a licensed financial adviser familiar with government super. Find an adviser via MoneySmart. For more: Public Sector Super Guide, Defined Benefit Funds.