The productivity benefit
The productivity benefit is a payment made by your employer is paid directly to the CSS each fortnight and grows with fund earnings.
Productivity contributions are designed to average 3% for all workers.
Productivity contribution rates from 1 July 2007
Fortnightly rate of salary |
Productivity contribution |
|---|---|
less than $1,591.33 |
$47.74 per fortnight |
$1, 591.33 to less than $2,564 |
3% of salary |
$2,564 to less than $3,846 |
$76.92 per fortnight |
$3,846 or more |
2% of salary |
When is the benefit payable?
Your productivity benefit is generally payable at the time your benefit is paid. Your productivity benefit is generally payable as a lump sum, a non-indexed pension or you can roll it over to a rollover fund.titution (e.g. an approved deposit fund or super scheme, or used to purchase a deferred annuity).
