Police employees, including authorised officers


Membership is voluntary if you are a Police employee (including an authorised officer). In this case, you have two options. You can join as:

  • an optional entrant – employer contributions will be paid on your behalf, but these will come from within your existing total remuneration
  • a savings contributor – making member contributions only.

 

Minimum contributions

 
Membership category

Minimum contribution rate (as a % of salary)

   Member Employer (before tax)
Optional entrant 6% 12.5% 12.5%
Savings contributor Savings contributor 4.0% 4.0% Nil  Nil
 
The minimum contribution rate for savings contributors reduces to 2% if you joined before 1 April 2008.

You can make additional voluntary contributions as regular deductions from your pay.

 

PSS or KiwiSaver?


You may be wondering whether you would be better off joining the PSS as an optional entrant or joining KiwiSaver.

Use our Super Calculator for Police Employees to compare the PSS and KiwiSaver. Enter your salary and any other taxable income you earn to work out how much super you would save each fortnight and how that would affect your take-home pay.

Other benefits

The calculator compares the different contribution arrangements for the PSS and KiwiSaver. There are other differences between the PSS and KiwiSaver too. For example, fees for the PSS are generally lower than for KiwiSaver schemes.

Here’s a summary and comparison of some benefits of the PSS and KiwiSaver.
 
Police Superannuation Scheme

KiwiSaver

You can withdraw your savings when you leave Police or defer payment and leave your money in the scheme. Police Superannuation Scheme KiwiSaver Your savings are generally locked in until the date you qualify for New Zealand Superannuation (currently age 65) or later if you haven’t completed 5 years’ membership.
Under current policy, you can make one partial withdrawal from your member’s account after 3 years’ Police service. Once the sum of the percentages you’ve withdrawn reaches 100%, subsequent withdrawals are limited to 5% a year. You can withdraw your savings to put towards the purchase of a first home after 3 years’ membership.
You can also withdraw your savings where you are suffering from serious illness.

These benefits apply to the PSS and KiwiSaver:
 
  • You may be able to withdraw some of your savings if you are suffering significant financial hardship.
  • You may qualify for the government’s HomeStart grant after 3 years’ membership.

 

How to join


Complete the form at the back of the product disclosure statement and return it to Payroll at the address on the form.

 

 

This website is provided by Mercer (N.Z) Limited on behalf of the trustee of the Police Superannuation Scheme (PSS). The trustee pays a fee for the provision of this service, however this fee is not conditional on you using this service or acting on the information or advice provided through this service.

PSS Trustees Limited is the issuer of the Police Superannuation Scheme (PSS). A copy of the PSS product disclosure statement is available under Documents and forms and at companiesoffice.govt.nz/disclose.