Australian Post Superannuation Scheme (APSS) is a multi-employer corporate pension fund based in Sydney, Australia. Established in 1990, APSS provides retirement benefits to the eligible employees of the participating employers. The pension consists of the market return portfolio which is a diversified portfolio of assets invested for the long term, and the cash portfolio which is invested separately in short term interest bearing securities. The pension funds are managed and administrated by the trustees. The trustee of the Australia Post Superannuation Scheme is PostSuper Pty, which was set up specifically to act as trustee for the APSS. The assets of the pension fund are managed by the trustee board.