3.1.8 If CSC receives a benefit application from or on behalf of an ordinary employer-sponsored member pursuant to Rule 3.1.1(a)(iii), the member, subject to Rules 3.4.2 and 3.4.5, is entitled to income protection benefits in accordance with Rule3.4.3. 3.1.20 Subject to the SISAct, CSC may pay a benefit to an eligible roll-over fund if CSC is unable to locate a PSSAP member. It was replaced by the PSSap which is an accumulation fund. Note:A person becomes a PSSAP member under Part 3 of the Act, which also specifies the duration of the persons PSSAP membership. 3.2.1 If, upon the death of a PSSAP member, CSC is in receipt of a current valid binding member nomination in relation to the deceased PSSAP member, then the members total benefit will be paid by CSC to the person or persons specified in the binding member nomination. Under section 52 of the Superannuation Industry (Supervision) Act 1993, this Deed is taken to contain the covenants set out in that section. (d) an amount payable in respect of the person under the Superannuation (Government Co-contribution for Low Income Earners) Act 2003. provided the method of payment complies with Rule 2.4.2. 3.1.13 A roll-over application may be made to CSC, in accordance with the SIS Act, by: (a) a PSSAP member other than in their capacity as a transitional member applying under paragraph (b); or. = added or inserted am. 2.4.2 CSC may determine the way in which transfer amounts must be paid to CSC. To request additional information, use one of the following methods: Industry-recognized Site Assessments are only those organized and directed through the Process Safety Site Assessment Program managed by API. Does Fracking Cause Flaming Water Faucets? (b) does not receive a salary payment from a designated employer due to a period of: (i) unpaid leave of 12 weeks or less; or, (ii) maternity or parental leave; or, (iv) a period of compensation leave; or. This is one of the reasons a health plan wants to know if you or your spouse has other coverage; its more than just curiosity. CSC to establish a non-member spouse interest account where a non-member spouse interest is created, CSC to establish a non-member spouse interest account. 4.2.10 Any amount paid by a life insurance company to CSC in response to a claim against a policy providing supplementary death and invalidity cover must be paid into the PSSAP Fund and is credited to the persons personal accumulation account. (a) Clause 1 of the Fourth Amending Trust Deed of 2009 provides as follows: (a) clause 3.1: immediately after Schedule 22 to the Fair Work (Transitional Provisions and Consequential Amendments) Act 2009 commences; (b) clauses 3.2 to 3.9: immediately after Part 2-4 of the Fair Work Act 2009 commences. 6.1.2 Subject to CSC directions, a Reconsideration Advisory Committee will regulate its own affairs. An NPR story about a newborn baby in Kansas is a good example of unexpected coordination of benefits. 3 Year: 7.87%. in relation to a PSSAP member, means the balance of the members personal accumulation account at the end of the day before the benefit is paid. But it took the parents more than a year of wrangling with their insurers to get it all sorted out. What is birthday rule? Its full name is Public Sector Superannuation Accumulation Plan, and it is defined as a 'non public offer Public Sector fund', meaning only some people can . See Rules 3.4.3 and 3.4.4. Our goal is to deliver better retirement outcomes. 5.2.1 CSC may determine the amounts to be credited or debited to a persons personal accumulation account under Rule 5.1.5(e) and 5.1.6(c) that reasonably reflects the after tax earnings or losses derived from the investment of the amount in the account. If parents fail to make a selection within 60 days, the birthday rule would then take effect. The birthday rule applies if the stepparent has a birthday earlier in the year than the biological parent, their stepparents policy is primary. Rights and restrictions applying to a non-member spouse interest, CSC may determine terms and conditions for non member spouse interest. How do I sign up for Medicare when I turn 65? See Rule 2.1.2. has the same meaning as in the Superannuation Guarantee (Administration) Act 1992. There are other times when the monthly cost of having dual coverage is not worth it. 4.2.2 An ordinary employer-sponsored member may apply to CSC for supplementary death and invalidity cover at any time. For all relevant information pertaining to application, saving or transitional provisions, (a) clause 3.1: immediately after Schedule 22 to the, Application, saving or transitional provisions, 5 Application of Amendments transfer of Government, The amendments made by clause 4 of this Deed apply in relation to assignments made under subsection 14(3) of the, Sixth Amendment of the Superannuation (PSSAP) Trust Deed - F2012L00319. 2.4.3 CSC must pay any transfer amount into the PSSAP Fund. transitional member. 3.2.2 Subject to Rule 3.2.1, in the event of the death of a PSSAP member, CSC must pay or apply the deceased members total benefit to or for the benefit of one or more, as determined by CSC, of the following: (a) one or more dependants of the deceased PSSAP member; (b) the legal personal representative of the deceased PSSAP member. You cannot fool these assessors they have done your job for 30 years. means, in respect of an ordinary employer-sponsored member, contributions paid by the designated employer of that member under Rule 2.2.1. means insurance cover provided in respect of an ordinary employer-sponsored member under Division 3 of Part 4 of the Rules. If you are interested in applying to become a PSSAP Assessor, please contact us at pssap@api.org. Learn more about MySuper funds and the different types of super funds. 3.1.18 If CSC receives a roll-over application from a transitional member under Rule 3.1.13(b), CSC must, subject to the SIS Act, roll-over or transfer such part of the persons total benefit as is requested in the roll-over application to a superannuation entity or life insurance company. 3.1.9 If CSC receives a benefit application from a transitional member pursuant to Rule3.1.1(a)(iv) and CSC has in place arrangements for members to purchase the income product requested in the application, CSC, in accordance with Rule 3.5.1, must, on behalf of the transitional member, arrange for the purchase by the member of an income product of the type so requested costing an amount equal to the total benefit set out in the benefit application. Social Security follows English common law that finds that a person attains an age on the day before the . Find out more, including how to register: Non-Commonwealth or ACT Government Employers. 4.2.7 Variations in the amount of supplementary death and invalidity cover take effect from: (a) the date specified in the policy; or. means a "enterprise agreement" within the meaning of section 12 of the Fair Work Act 2009. former . CSC to consolidate non-member spouse interest account and personal accumulation account. In this instance, youll want to compare the health plans and see whether it would make sense to drop your plan and add you and your newborn to your spouses health insurance. Analysis: 1. Deeds & Trust Deeds as amended, taking into account amendments up to Sixth Amendment of the Superannuation (PSSAP) Trust Deed. 4.3.2 Subject to the terms of the basic income protection cover policy taken out pursuant to Rule 4.3.1, ordinary employer-sponsored members will be provided with basic income protection cover in accordance with arrangements made under Rule 4.3.1 unless: (a) the ordinary employer-sponsored member has notified CSC in writing that they do not wish to be provided with basic income protection cover; or. See Rule 2.2.2. PSSap offers four investment options: MySuper Balanced, Cash, Income Focused and Aggressive. CSC may initiate a reconsideration of a decision. The program is a tailored design to cover the 7 original protocols and address key process safety activities in a shorter time frame. Target Market Determination. 4.1.3 Where an ordinary employer-sponsored member dies or an application for approval of their invalidity retirement is made under Rule 3.3.1, CSC must make a claim against the policy providing the basic death and invalidity cover, unless the life insurance company does not provide cover in respect of the member under that policy. 3.2.3 If, after making reasonable enquiries, CSC upon the death of a PSSAP member has not found either a legal personal representative or a dependant of the deceased PSSAP member, CSC will pay or apply the deceased members total benefit to or for the benefit of such one or more individuals as determined by CSC. Reply . For some, the birthday rule is seen as a non-biased, random and ultimately fair way to choose primary and secondary payers when dual coverage exists for a child. Newborn and adopted children coverage model act. Each Part is further divided into Divisions addressing unique groupings within the Part and each Division is made up of Rules containing specific provisions. Also covers the payment to CSC of contributions and transfer amounts in respect of an ordinary employer-sponsored member of PSSAP by designated employers and by or on behalf of employees and the transfer of amounts to the plan from other superannuation entities. 7.3.7 CSC may not take out policies to provide insurance, including insurance of the kind referred to in Part 4, for a non-member spouse. Regulations 6.33 and 6.34 of the, Subject to Rule 3.2.1, in the event of the death of a, Following receipt of an application to approve the, must make a claim against the policy or policies providing the, A person in receipt of benefits under Division 1 of this Part may use the benefits to purchase income products arranged by. 4.2.5 If an ordinary employer-sponsored member applies to CSC for supplementary death and invalidity cover, or applies to vary existing cover, CSC must ask the relevant life insurance company: (a) whether it is prepared to provide the cover for that ordinary employer-sponsored member; and. The bill, known as the Empowering Parents' Healthcare Choices Act, would give parents with dual policies 60 days from the date of an infants birth to choose which plan is primary and to notify the insurer of their choice. The bill was eventually reduced to $20,000 and then nothing after negotiations with the insurers and the hospital. (e) the date the insurer ceases to provide supplementary death and invalidity cover in respect of the ordinary employer-sponsored member. (m) charge reasonable fees in relation to the administration of the PSSAP Fund, including arrangements connected with PSSAP members and non-member spouses choosing particular investment strategies and arrangements connected with splitting of superannuation interests under the Family Law Act 1975. Our new digital portal, the CSC Navigator, is now live. (b) where the method of payment complies with any CSC determination under Rule2.3.5. For example, a parent with a birthday in March would provide the primary insurance when compared to the other parent whose birthday is in October, which would provide secondary coverage. PSSap Reviews: 3.3 out of 5 stars from 37 customer reviews on Australia's best superannuation review site Review My Super. 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