The Police Superannuation Scheme (PSS) is a retirement savings plan sponsored by New Zealand Police and the New Zealand Police Association Incorporated and the New Zealand Police Leaders’ Guild Incorporated (Police Service Organisations). Membership is compulsory for constabulary staff and optional for other Police employees. The scheme supports members as they fulfil their calling to serve their communities. Principally, it enables them to provide comfortably for themselves and their families when they retire. The scheme has features and benefits designed to help members:
- own their own home
- meet unexpected expenses beyond their control
- accrue a lump sum to fund an income in retirement
- manage their money in retirement.
The Commissioner of Police (Commissioner) and the Police Service Organisations have appointed a single corporate trustee, PSS Trustees Limited, to manage the scheme. On this website, 'we', 'us' or 'trustee' refers to the scheme's trustee.
The directors of the trustee are appointed as follows:
- Two directors are appointed by the Commissioner.
- Two directors are appointed by the Police Service Organisations.
- Either one or two independent directors are appointed by the other directors.
The trustee's Board of Directors is required to include at least one person who is a licensed independent trustee. The Board currently includes four licensed independent trustees (Graham Ansell, Sarah Graydon, Grant Hassell and Ian Russon). The licensed independent trustee designated for the scheme is Sarah Graydon. The scheme's licensed independent trustee has special responsibilities for monitoring all aspects of the Board’s activities and reporting to the Financial Markets Authority as necessary.
We are responsible for offering membership of the scheme, accepting members into the scheme, managing the scheme’s investments and administering the scheme. We use the services of professional advisers to help run the scheme. Our advisers are listed here.