ComSuper has announced it will outsource the administration for the Public Service Sector accumulation plan (PSSap) to Pillar Administration.
ComSuper chief executive Peter Cormack said from 21 November, Pillar will take over administration of the fund.
The scheme has been administered by ComSuper from its inception, and ComSuper will continue to be responsible for the contractual management of the relationship with Pillar on behalf of PSSap.
Following a comprehensive review of the administration arrangements of Australian Government superannuation schemes, the government determined in November 2009 that PSSap would be outsourced to an industry administrator.
The tender process began in November 2010 and closed in January 2011.
The Australian Reward Investment Alliance (ARIA) will continue to be the scheme’s trustee and member entitlements will not be affected.
ComSuper said further information would be released in due course, and in the meantime, it would be working closely with PSSap employer agencies and members to ensure a smooth transition over the next six months.
