Mark, age 46
Full-time: Comms Officer
Part-time: Golfer

 
Mark’s days are filled with endless meetings and lots of work. On Saturdays, he escapes the pressure and explores the possibility of one day improving his game…

After 24 years of working in a range of interesting roles in the public service, Mark has no doubt that he will spend the rest of his career in the sector. He likes the sense of purpose he gets from his work, but is also looking forward to the day that he can enjoy life after work, and his CSS pension will play a key part in his retirement plans.

The information in this case study is based on the assumptions we have stated below. Remember actual rates of return, inflation and wage growth may differ materially from the assumptions provided. Assumptions: Any change to the contribution rate was made on 1 July 2008. Average rate of return 7%, inflation rate 2.5%, real rate of return (adjusted for inflation) 4.5%, wage growth 4.5%. All figures are shown in today’s dollars. All contributions are made after-tax, and all benefits and pensions shown are before-tax. For more information about tax see the ‘Tax and your CSS benefit’ fact sheet at www.css.gov.au