I have an employee who has a PSS preserved benefit and does not wish to re-join the PSS, can I immediately put them in the PSSap?
No. The member must recommence membership with the PSS before they can cease their membership. Once membership of the PSS has recommenced they can then elect to leave the PSS and join another superannuation fund. In most cases this will be the PSSap (if the employer is a participant of the PSSap).
Related Questions
- Is there any difference between the insurance for a member that has moved from the PSS to the PSSap, and a new employee who has just joined the PSSap?
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- I have an employee who has a PSS preserved benefit and does not wish to re-join the PSS, can I immediately put them in the PSSap?