Contributions and benefits from age 65 to 70

You may continue to contribute and accrue superannuation benefits in PSS between the ages of 65 and 70. 

However, once you reach age 65, you can choose to exit the scheme while still working and either be paid your accrued benefit immediately or leave it deferred within the scheme (as a lump sum only), for payment at a later date. The deferred lump sum benefit is adjusted for investment earnings at the Fund Earning Rate and management charges up to the date of payment. 

If you do exit from your current scheme before retirement, your employer will still be required under Commonwealth legislation to pay Superannuation Guarantee contributions to another complying superannuation fund on your behalf. 

Once you reach 70, the PSS cannot accept contributions and benefits cease to accrue.