The member and employer contributions paid into the Police Superannuation Scheme are forwarded to specialist investment manager, Funds SA, for investment.
The Police Superannuation Scheme is a defined benefit scheme and retirement, invalidity and death benefits are affected by the investment returns achieved by Funds SA.
Amounts for fees incurred in the investment and the management of the Scheme are deducted from the Scheme. The cost of fees is borne by the employer and members and may affect the investment return on any entitlement related to a member contribution account. Fees do not affect a defined superannuation benefit payable upon retirement, invalidity or death.