Public Sector Superannuation in Western Australia

Treasury provides administration and policy functions which include:

• Provision of information, policy advice and assistance to the Treasurer on superannuation matters, including administration of the State Superanuation Act 2000 and the State Superannuation Regulations 2001
• Implementation of the Whithear Report‘Putting Members First’ Western Australia superannuation reforms including Choice of Superannuation Fund
• Choice of Super Fund Guidelines (including State definations for contributions)
• Management of superannuation administrative functions within Treasury
• Administration of the Parliamentary Pension Scheme and the Parliamentary Superannuation Act 1970
• Administration of the Judges’ Pension Scheme and the Judges’ Salaries & Pension Act 1950
• Assisting the Treasurer with the Prudential oversight, Employer Sponsor and Guarantor roles in relation to the Government Employees Superannuation Fund (a Constitutionally Protected Fund)
• Assisting the Treasurer in administering the Treasurer’s Prudential Guidelines for Investments
• Memorandum of Understanding - Sets out the agreed basis for policy and operational co-ordination between the Department of Treasury and the Government Employees Superannuation Board.
• Treasurer's Guidelines for Government Employees Superannuation Fund Reserves - Sets out the general principles for the establishment and maintenance of reserves for the Government Employees Superannuation Fund and administration expenses for the defined benefit schemes.
• Ordinary Time Earnings and the Treatment of Allowances and Payments for Superannuation Remuneration Purposes – General Principles

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