Hi MentaI was referring to some grand dad schemes that were...

  1. Osi
    7,726 Posts.
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    Hi Menta

    I was referring to some grand dad schemes that were closed years ago. The CSS for example closed to new members in 1990.

    The CSS and the old PSS are managed by the Commonwealth Superannuation Corporation but with member entitlements flagged in Federal Government budgets as an obligation or commitment. My understanding is that in practical terms these obligations are debts owed by the "Crown".

    The same principles apply to the ancient military pensions.

    cheers



 
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