South Australian Consolidated Regulations

SOUTHERN STATE SUPERANNUATION REGULATIONS 2009 - REG 13A

13A—Members of Parliamentary Superannuation scheme

        (1)         The Board must maintain a contribution account in the name of a PSS 3 member who has made an election under section 36 of the Parliamentary Superannuation Act 1974 to take out voluntary invalidity/death insurance and is a member of the Triple S scheme.

        (2)         A PSS 3 member who has made an election under section 36 of the Parliamentary Superannuation Act 1974 to take out voluntary invalidity/death insurance and is a member of the Triple S scheme is entitled to—

            (a)         payment, in accordance with Part 4, of the balance of the member's contribution account; and

            (b)         voluntary invalidity/death insurance taken out in accordance with the election,

but is not entitled to any other benefits under the Act or these regulations in connection with the election.

        (3)         An amount transferred from the Parliamentary Superannuation scheme to the Triple S scheme in respect of a PSS 3 member will be taken for the purposes of these regulations to be a contribution made in relation to the member by the member's employer.