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South Australian Ambulance Service Superannuation Scheme

Functional responsibility

The South Australian Ambulance Service Superannuation Scheme (the Scheme) was established by the Superannuation Act 1988.

The Scheme provides for the payment of benefits to persons who have served as employees of the SA Ambulance Service prior to 1 July 2008.

From 1 July 2008, the Scheme was closed to new members. All new SA Ambulance Service employees commencing employment after this date automatically become members of the Southern State Superannuation Scheme.

The South Australian 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 as at 30 June 2014 (latest valuation date): $191.9 million
   
Excess of net assets over liability for accrued benefits: $24.9 million
   
Benefit expenses: $7.8 million
   
Number of members: 849

Financial statement opinion
Unmodified