Commonwealth Superannuation Board
1922 – 1 July 1976
Board that administered the Commonwealth's contributory superannuation scheme for permanent public servants and other Commonwealth employees, managing the Superannuation Fund and determining pensions and benefits.
How it came into existence
Created by the Superannuation Act 1922, which set up the first general superannuation scheme for permanent Commonwealth employees. It had no Commonwealth predecessor.
Legislation: Superannuation Act 1922
How it ended
Abolished on 1 July 1976 when the Superannuation Act 1976 replaced the 1922 scheme; administration passed to the Commissioner for Superannuation (ComSuper) and investment of the fund to the Superannuation Fund Investment Trust.
- Administration of Commonwealth public sector superannuation
- Payment of superannuation pensions and benefits
- Investment of the Superannuation Fund
Main functions
- Administration of the Superannuation Act 1922 scheme
- Management and investment of the Superannuation Fund
- Determination of pensions and retirement benefits
- Collection of member contributions
Where it sits
Last in the portfolio of Department of the Treasury.
Lineage
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Sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.