where: BS is the basic salary of a member of the Assembly at the relevant date. ABMA is the personâ€™s accrued benefit multiple, as adjusted for payments made under section 25H of the Act at the relevant date, calculated in accordance with Method 1, 2 or 3, as applicable. Method 1 This method applies if 1 amount only has been paid under section 25H of the Act in respect of the entitlement of an entitled former spouse: where: ABM has the meaning given by item 2. p is the factor calculated in accordance with the following formula: where: NMSB is the amount paid under section 25H of the Act. PFLV is the value of the interest at the time immediately before the payment under section 25H of the Act was made, calculated in accordance with the method set out for an interest described in item 2. ABM_{1} is the personâ€™s accrued benefit multiple at the time the amount was paid under section 25H of the Act, calculated in accordance with the formula for the factor ABM, modified so that for the purposes of working out the value of M, TOS and TBS, a reference to â€˜the relevant dateâ€™ is a reference to â€˜the time at which the amount was paidâ€™. Method 2 This method applies if 2 amounts only have been paid under section 25H of the Act in respect of the entitlement of an entitled former spouse: where: ABM has the meaning given by item 2. p_{2} is the factor calculated in accordance with the method for the factor p in Method 1 of this item, modified so that: (a) for NMSB the amount paid is to be calculated by reference to the second amount paid under section 25H of the Act; and (b) for PFLV the value of the interest is the value at the time immediately before the second payment under section 25H of the Act was made, calculated in accordance with Method 1 of this item. ABM_{2}_{ }is the personâ€™s accrued benefit multiple at the time the second amount was paid under section 25H of the Act, calculated in accordance with the formula for the factor ABM_{1}, modified so that for the purposes of working out the value of M, TOS and TBS, a reference to â€˜the time at which the amount was paidâ€™ is a reference to â€˜the time at which the second amount was paidâ€™. p_{1} is the factor calculated in accordance with the method for the factor p in Method 1 of this item. ABM_{1} has the meaning given in Method 1 of this item. Method 3 This method applies if 3 amounts only have been paid under section 25H of the Act in respect of the entitlement of an entitled former spouse: where: ABM has the meaning given by item 2. p_{3} is the factor calculated in accordance with the method for the factor p in Method 1 of this item, modified so that: (a) for NMSB, the amount paid is to be calculated by reference to the third amount paid under section 25H of the Act; and (b) for PFLV, the value of the interest is the value at the time immediately before the third payment under section 25H of the Act was made, calculated in accordance with Method 2 of this item. ABM_{3} is the personâ€™s accrued benefit multiple at the time the third amount was paid under section 25H of the Act, calculated in accordance with the formula for the factor ABM_{1}_{,} modified so that for the purposes of working out the value of M, TOS and TBS, a reference to â€˜the time at which the amount was paidâ€™ is a reference to â€˜the time at which the third amount was paidâ€™. p_{2} has the meaning given in Method 2 of this item. ABM_{2} has the meaning given in Method 2 of this item. p_{1} has the meaning given in Method 2 of this item. ABM_{1} has the meaning given in Method 1 of this item. F_{y+m} has the meaning given by item 1. r is the reduction factor for the amount or amounts paid under section 25H of the Act, as follows: (a) if 1 amount only has been paid â€” (1 â€“ p_{1}), where p_{1} has the meaning given in Method 2 of this item; (b) if 2 amounts only have been paid â€” (1 â€“ p_{1}) Ã— (1 â€“ p_{2}), where p_{1} and p_{2} have the meaning given in Method 2 of this item; (c) if 3 amounts only have been paid â€” (1 â€“ p_{1}) Ã— (1 â€“ p_{2}) Ã— (1 â€“ p_{3}), where p_{1 }and p_{2} have the meaning given in Method 2 of this item and p_{3} has the meaning given in Method 3 of this item. PLSA has the meaning given by item 2. ATV has the meaning given by item 1. |