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CSS is a public sector scheme established on 1 July 1976 by the CSS Act. It closed to new customers on 30 June 1990. CSS is a hybrid scheme (part accumulation, part defined benefit) where benefits derive from customer and employer-financed benefits.
Commonwealth Super Corporations Public Service Supers (PSS) aggressive fund ranks 6th out of 104 Growth funds (earning 8.2 per cent) over 5 years, ing to SuperRatings latest figures, although it has slipped to 49th out of 112 funds (earning 10.9 per cent) over 3 years, all net of ongoing fees and tax.
Your surviving, eligible spouse/partner receives 67% (or 85% see above) of your pension. Whether you choose the lump sum or the non- indexed pension, these are tax free for those aged 60 and over as they are funded by money that has already been taxed. Why is your defined benefit pension taxed?
A superannuation is an Australian pension program created by a company to benefit its employees. Funds deposited in a superannuation account will grow through appreciation and contributions until retirement. The term super is more commonly used when referring to pension plans available in Australia.
The Commonwealth Superannuation Scheme (CSS) The Commonwealth Superannuation Scheme (CSS) was established under the Superannuation Act 1976 to provide superannuation services and products to eligible employees of the Australian government and participating employers.
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The CSS is established under the Superannuation Act 1976 . The CSS closed to new members from 1 July 1990. In some limited instances, new employees are required or allowed to contribute to the CSS, for example, if the employee has an existing CSS deferred benefit.

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