Number of contributing members affected by incorrect 2015-16 Maximum Benefit Limit thresholds
Dear Commonwealth Superannuation Corporation,
The 2015-16 Pension Maximum Benefit Fact Sheet published on the Military Superannuation website and used to calculate PMBMC figures for contibuting members of the MSBS when they reached their Pension Maximum Benefit Limit contained incorrect threshold amounts.
The use of the incorrect MBL threshold figures has resulted in a number of members making additional personal mandatory contributions to their MSBS member benefit as well as receiving employer contributions in excess of when they would have normally stopped receiving employer contributions, had the correct MBL threshold amounts been used to calculate the PMBMC.
How many MSBS members received additional employer contributions as a result of the use of incorrect MBL threshold amounts?
What was the total amount of employer contributions made by Defence to contributing members of the MSBS as a result of incorrect MBL threshold amounts?
Yours faithfully,
Gerard Gough.
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CSC: AFSL 238069 ABN 48 882 817 243 RSE L0001397
ADF Super: RSE R1077063
CSS: RSE R1004649
MSBS: RSE R1000306
PSS: RSE R1004595
PSSap: RSE R1004601
Dear Mr Gough,
In response to your email dated 17 December 2016.
1. How many MSBS members received additional employer contributions as
a result of the use of incorrect MBL threshold amounts?
A. 75 member were impacted by the 2016/16 Maximum Benefit Limit
thresholds amounts.
2. What was the total amount of employer contributions made by Defence
to contributing members of the MSBS as a result of incorrect MBL threshold
amounts?
A. There were no employer contributions made by Defence as these are
notional amounts.
This information is provided to you via administrative access, rather than
as a formal FOI request.
Best regards,
Adam Ivancic
Administrator
Governance & Policy
Commonwealth Superannuation Corporation (CSC)
Phone: (02) 6272 9000
GPO Box 2252, Canberra ACT 2601
[1]www.csc.gov.au