How do I change my contributions?
You can choose to change or suspend your contributions at any time (up to a maximum of two times per scheme year).
Change contributions
If you are a subsidised member, you must continue to contribute at least 1.5% of gross base salary each pay period. Subject to that, you can choose to increase or decrease your rate of contribution by giving written notice to your employer. If you do not want to make any contributions at this time you must suspend your contributions.
If you are an unsubsidised member, you can also change the rate of contribution by giving written notice to your employer (or if you have no employer, to your scheme provider).
If you started employment with a participating employer on or after 1 July 2007 and are (or become) an unsubsidised member, you will need to contribute a minimum of at least 4% of your gross base salary while you are unsubsidised.
The minimum contribution rate for other unsubsidised members is 1.5% of gross base salary (or, if you are not receiving a salary, $20 per payment or such greater minimum amount as the State Services Commissioner and your SSRSS scheme provider may agree from time to time), unless you have suspended your contributions.
You can use the Contribution Change Form (PDF-46.6KB) to notify your employer. Unless you have no employer, you do not need to send a copy to your scheme provider.
Both subsidised and unsubsidised members can choose to suspend contributions, either indefinitely (except as outlined below) or for as long as you specify. This must be done by giving written notice to your employer, or to your scheme provider if you do not receive a salary.
If you started employment with a participating employer on or after 1 July 2007 and you want to suspend your contributions, you must specify how long you want your contribution holiday to be. A contribution holiday may not be longer than five years, but you can roll it over for further periods each of up to five years.
Note: Fees will continue to be deducted from your account, and of course no employer contributions will be made, while your contributions are suspended.
You can restart your contributions at any time by giving written notice to your employer, or to your scheme provider if you do not receive a salary. If you are still eligible, your employer contributions will also restart at the applicable subsidy rate.