Through the use of industry developed protocols, the process safety site assessments will evaluate both the quality of the written programs and the effectiveness of field implementation. Under Division 6.3 of the SIS Regulations, a member of a regulated superannuation fund, upon reaching the preservation age, is allowed to cash their benefits as a non-commutable income stream, subject to the conditions of release and the relevant restrictions set out in Schedule 1 of the SIS Regulations. (b) a PSSAP member to CSC under Rule 2.4.1A; less income tax payable by the PSSAP Fund in relation to that amount. 3.3.2 An ordinary employer-sponsored member in respect of whom an application under Rule 3.3.1 is made is taken to have also made a benefit application. 2.1.2 Where an ordinary employer-sponsored member, who is employed by two or more designated employers at the same time, ceases to be an employee of one or more but not all of those designated employers, the person will not cease to be an ordinary employer-sponsored member. Each Part is further divided into Divisions addressing unique groupings within the Part and each Division is made up of Rules containing specific provisions. The birthday rule usually comes into play for newborns, when infants are covered by two separate policies provided by the mother and father. The notification is to include a statement of reasons for the decision. Subject to the SIS Act, CSC may adjust the repaid, returned or refunded contributions for: (a) insurance premiums paid from the persons personal accumulation account during the period the contributions were held in the PSSAP Fund; (b) interest (if any) in respect of the fund earnings or fund losses for the period the contributions were held in the PSSAP Fund; and. 3.4.4 Any amount paid into the PSSAP Fund or directly to an ordinary employer-sponsored member under Rule 3.4.3 does not form part of the personal accumulation account of the ordinary employer-sponsored member. PSSap is the super fund for current and former Australian government employees. PSSap MySuper Balanced: 1 Year: 18.75%. The inquirer asks whether the birthday rule would apply in determining which group plan is primary. You may wish to consult a licensed financial advisor. 2.4.1 Subject to the SISAct, an ordinary employer-sponsored member may transfer or roll-over any or all of the following amounts to CSC as a transfer amount: (a) a roll-over superannuation benefit; (b) a directed termination payment; (c) an amount of shortfall component payable to, or in respect of, the person in accordance with the Superannuation Guarantee (Administration) Act 1992; and. To request additional information, use one of the following methods: Industry-recognized Site Assessments are only those organized and directed through the Process Safety Site Assessment Program managed by API. The birthday rule applies if the stepparent has a birthday earlier in the year than the biological parent, their stepparents policy is primary. Insurance companies use the birthday rule to coordinate benefits for the dependent child's covered health care services. Lets say Abigail and Armando each have their own employer-sponsored health insurance, and theyve opted to add their children to both plans. 2.3.5 CSC may determine the way in which employee contributions and eligible spouse contributions must be paid to CSC. Establishing Reconsideration Advisory Committees. 6.1.2 Subject to CSC directions, a Reconsideration Advisory Committee will regulate its own affairs. The bill, known as the Empowering Parents' Healthcare Choices Act, would give parents with dual policies 60 days from the date of an infants birth to choose which plan is primary and to notify the insurer of their choice. Because the father also had his own health plan and his birthday was earlier in the year, the mothers insurance initially rejected the bills, noting that they should have been sent first to the fathers health insurance. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. 3.1, 3.23.9: (a) Remainder: 26 June 2009. Your prenatal services are covered. These options have been designed to work for you at different stages of life to help you reach your retirement goals. ABOUT US. New job, same great super fund. (f) a PSSAP member or the Commissioner of Taxation, applying for the payment of a benefit pursuant to a release authority. Group health and individual health plans: The rules are also different if you and your ex-spouse have different types of health plans. 5 Things to Know About Student Health Insurance, Factors to Consider When Choosing Health Insurance. The 10-year rule refers to members who have contributed to PSS for 260 public service pay days or contribution due days (CDDs)the equivalent of ten years' continuous employment. remain on their parents health coverage until age 26, Employer health benefits: 2020 annual survey, Coordination of benefits and third party liability, Coordination of benefits model regulation, Coordination of Benefits Model Regulation, Newborn and adopted children coverage model act, Birthday rule blindsides first-time parents with a mammoth medical bill, Covered through a parents plan? Write a review. These circumstances, If the percentage reported under Rule 2.2.9(b) is less than 9%, the, (d) an amount payable in respect of the person under the, (e) a person claiming to be entitled to the benefit of a deceased, Where part of a benefit is paid to a person under Rule 3.1.3 or Rule 3.1.4, the remainder of the benefit must be retained in the, must determine who is entitled to be paid the death benefits in accordance with Division2 of this Part and pay the, (a) the amount (if any) requested by the, (b) the amount specified for release in the, 2. As part of the industrys ongoing commitment to continuous process safety improvements, API, in collaboration with industry partners, has developed a Process Safety Site Assessment Program (PSSAP). You cannot fool these assessors they have done your job for 30 years. Our website is not intended to be a substitute for professional medical advice, diagnosis, or treatment. 7.3.8 CSC shall not accept employee contributions, contributions by an employer or transfer amounts, including those referred to at Rule 2.4.1, for the purpose of them being credited to the non-member spouse interest account. If a young adult is covered by both a parents plan and an employer plan, the employer plan is primary. means a written application to CSC requesting CSC to pay a benefit under these Rules. Subject to the provisions of this Division. ) While the parent whose birthday comes first is still the primary insurance plan, the birthday rule doesnt apply to children whose parents have divorced or are members of a blended family. A member of a Reconsideration Advisory Committee may also be a director of CSC. In most divorce settlements, one parent is responsible for providing insurance coverage, and that parents policy provides primary coverage, superseding the birthday rule. Postal Address. Parents providing dual coverage should also assess the plans on a regular basis to make sure the two policies are providing coordinated and complementary care, not duplicated care, and are thus paying appropriately. A court order about childrens health coverage after a divorce supersedes the birthday rule. Newborn and adopted children coverage model act. If you are aged 65 and over, you may choose to exit PSS while . If a married couple divorces, part of the settlement usually involves deciding who will provide health insurance for the children. Before acting on any such general advice, you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Divorce or separation: When two or more plans cover your children as dependents if youre divorced or separated, the plan of the parent who has custody pays first. It would be a fair choice if all insurance plans provided equal coverage at the same cost. 2. 4.1.7 Where a premium payable for basic death and invalidity cover is more than the amount in the personal accumulation account of the ordinary employer-sponsored member, Rule4.1.6 shall not apply. This double coverage approach can be a money-saver, as the second plan can be used to cover expenses that would otherwise be out-of-pocket costs under the first plan. 7.1.1 Subject to this Part, where an interest in the PSSAP Fund becomes subject to a payment split under the Family Law Act 1975: (a) CSC shall have the same powers and duties in relation to the interest as a trustee has under Part 7A of the SIS Regulations in relation to a relevant accumulation interest; (b) a non-member spouse in relation to the interest has the same rights in relation to benefits connected with the interest as the non-member spouse would have in relation to benefits connected with the interest if Part 7A of the SIS Regulations applied in relation to the interest; and. Subclauses 1.3, 1.6 and 1.8 deleted in the 5th amending deed. There are several notes within the Rules to help readers understand the more complicated superannuation concepts or to inform them of the need to refer to another area of the Rules. ABN 48 882 817 243 AFSL 238069 RSE Licence No: L0001397. Application, saving or transitional provisions, Deed to Establish the Public Sector Superannuation Accumulation Plan 2005, Cc. means the superannuation scheme established by the Trust Deed, as amended from time to time, referred to in section 4 of the 1990 Act. In situations where each parent has their own health plan, a newborn or newly adopted child may end up in a coordination of benefits scenario, even if the parents dont intend to maintain more than one policy for the child. Delegation by CSC, 9. The Process Safety Site Assessment Program (PSSAP) will be implemented and managed by the API Global Industry Services (GIS) Department. The birthday rule is a part of a set of rules called the coordination of benefits (COB) which collectively resolves questions about which health insurance policy provides coverage. (See RS 00201.001C.) 7.3.4 CSC may offer a non-member spouse the opportunity to elect to have amounts held in his or her non-member spouse interest account invested in accordance with a particular investment strategy. in relation to a superannuation interest in the PSSAP Fund, means the spouse who is not the member spouse in relation to that interest. A supplementary income protection cover policy is to be on the terms and conditions, including the circumstances, agreed between CSC and the relevant life insurance company but subject to the requirements of the SIS Act. Its full name is Public Sector Superannuation Accumulation Plan, and it is defined as a 'non public offer Public Sector fund', meaning only some people can . Functions and Powers of CSC in relation to PSSAP. 4.4.8 The supplementary income protection cover of an ordinary employer-sponsored member ceases on the earliest of: (a) the day, or a day after the day, that the ordinary employer-sponsored member ceases to be an ordinary employer-sponsored member, that is specified in the supplementary income protection cover policy for the purpose of this paragraph; (b) the date the ordinary employer-sponsored member notifies CSC that they no longer wish to have supplementary income protection cover; (d) where, under Rule 4.4.11, a premium payable for supplementary income protection cover has not been paid on the day on which the premium became payable and the terms of the supplementary income protection cover policy provide for cover to end if the premiums cease, the day after the day on which the cover ends due to non-payment of premiums; and. 7.3.5 CSC may determine when and how a non-member spouse may make or change an election about their choice of investment strategy. You can also change insurance carriers. 2.3.1 An ordinary employer-sponsored member may pay contributions to CSC at any time and in any amount: (a) except that CSC must reject any contributions paid under this Rule if the SIS Act would prevent the PSSAP Fund from accepting the contributions or if acceptance of the contributions by CSC may jeopardise the status of the PSSAP Fund as a complying superannuation fund; and. In that scenario, that parents health plan would be primary, regardless of the parents birthdays. Whats the Difference Between Wastewater Disposal and Fracking? The amendments made by clause 4 of this Deed apply in relation to assignments made under subsection 14(3) of the Remuneration Tribunal Act 1973 on or after the day of commencement of this Deed. means a pay-slip or other document advising an employee about the amount of salary or wages paid for a period of time and includes a document in electronic form. 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