Superannuation arrangements and legislation may change without this page reflecting those changes. For information on what arrangements are suitable for your personal circumstances, please consult a licensed financial adviser.
Parliamentarians receive employer superannuation contributions in addition to salary.
There are two superannuation schemes available to parliamentarians depending on the date of entering Federal Parliament.
Parliamentary Contributory Superannuation Scheme (PCSS) – entered Parliament before 9 October 2004
The PCSS is a defined benefits scheme constituted under the Parliamentary Contributory Superannuation Act 1948. This is detailed in the Parliamentary Contribution Superannuation Scheme handbook (see related resources).
Membership of the PCSS is compulsory for parliamentarians who entered the Federal Parliament before 9 October 2004. More information about the PCSS is available on the Department of Finance website.
Accumulation arrangements – entered Parliament on or after 9 October 2004
Accumulation arrangements established under the Parliamentary Superannuation Act 2004 for parliamentarians entering (or re-entering) the Parliament on or after 9 October 2004.
The Government pays a superannuation contribution of 15.4 per cent to a:
- complying superannuation fund
- Retirement Savings Account of a parliamentarian’s choice
- default fund if no choice is made.
These arrangements are administered by your house department.
All parliamentarians may salary-sacrifice through additional superannuation contributions if superannuation arrangements are provided for under the Parliamentary Superannuation Act 2004. Personal contributions are deducted from your salary.