Reserve Bank

April 23, 2020April 24, 2020 Dan Blackman COVID-19, Pensions, Superannuation

What does negative inflation mean for indexation of ComSuper pensions?

The Reserve Bank is expecting negative inflation for the year ending June 2020, but what will this mean for ComSuper pension increases?

PSS

The Public Sector Superannuation Scheme (PSS) was established on 1-Jul-1990 by the Superannuation Act 1990 and the Public Sector Superannuation Trust Deed. The scheme has been closed to new members since 1-Jul-2005.

MilitarySuper

The Military Superannuation and Benefits Scheme (MSBS / MilitarySuper) was established on 1-Oct-1991 by the Military Superannuation and Benefits Act 1991 and the Military Superannuation and Benefits Trust Deed. The scheme has been closed to new members since 1-Jul-2016.

CSS

The Commonwealth Superannuation Scheme (CSS) was established on 1-Jul-1976 by the Superannuation Act 1976 and associated regulations. It has been closed to new members since 1-Jul-1990.

DFRDB

The Defence Force Retirement and Death Benefits Scheme (DFRDB) was established on 1-Oct-1972 by the Defence Force Superannuation and Death Benefits Act 1973 and associated regulations. It has been closed to new members since 1-Oct-1991.