CSCri is an account-based income stream product offered through PSSap to CSS, PSS and PSSap members.
CSCri now provides improved flexibility to members who want to receive regular tax effective income payments through the introduction of:
- A rollover option that allows prospective CSCri members to use superannuation savings from outside the Government super environment (such as a rollover from another superannuation fund) to commence a CSCri income stream; and
- a restart option that allows current CSCri members to restart a CSCri account with additional money (eg, from the sale of an investment property, an inheritance or other windfall, or from other superannuation savings).
These changes allow all PSS members increased flexibility in planning and managing their retirement within the Government super environment.