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Parliamentary Superannuation Scheme

Functional responsibility

The Parliamentary Superannuation Scheme (the Scheme) was established under the Parliamentary Superannuation Act 1974.

The Scheme provides for the payment of benefits to persons who have served as members of Parliament and makes provisions for the families of such persons.

The South Australian Parliamentary Superannuation Board is responsible for administering the Scheme. The Department of Treasury and Finance – State Superannuation Office provides services to administer the Scheme.


Financial statistics
Liability for accrued benefits: $202.2 million
   
Excess of net assets over liabilities: $29.6 million
   
Benefits paid and payable: $12.7 million
   
Number of pensioners: 120
   
Number of active members: 69

Financial statement opinion
Unmodified