Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003

as amended

made under regulations 38 and 43A of the

Family Law (Superannuation) Regulations 2001

This compilation was prepared on 20 April 2006
taking into account amendments up to Family Law (Superannuation)
(Methods and Factors for Valuing Particular Superannuation Interests)
Amendment Approval 2006 (No. 2)

This document has been split into four volumes
Volume 1 contains Sections 1 to 4 and Schedule 1 (Parts 1 and 2),
Volume 2 contains Schedule 1 (Parts 3 and 4),
Volume 3 contains Schedule 1 (Part 5), and
Volume 4 contains Schedules 2 to 10 and the Notes
Each volume has its own Table of Contents

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General’s Department, Canberra

Contents

Schedule 2 Public sector superannuation plans — New South Wales

Part 1 Local Government Superannuation Scheme

Part 5 New South Wales Police Superannuation Scheme

Division 5.1 Definitions

Division 5.2 Interests in the growth phase

Division 5.3 Interests in the payment phase

Division 5.4 Factors

Part 6 Police Association Superannuation Scheme

Division 6.1 Definitions

Division 6.2 Interests in the growth phase

Division 6.3 Interests in the payment phase

Division 6.4 Factors

Part 7 New South Wales State Authorities Superannuation Scheme

Division 7.1 Definitions

Division 7.2 Interests in the growth phase

Division 7.3 Interests in the payment phase

Division 7.4 Factors

Part 9 NSW State Authorities Non‑contributory Superannuation Scheme

Schedule 3 Public sector superannuation plans — Victoria

Part 1 Superannuation scheme established by the State Superannuation Act 1988 (Vic) — new scheme members

Division 1.1 Definitions

Division 1.2 Interests in the growth phase

Division 1.3 Interests in the payment phase

Part 2 Superannuation scheme established by the State Superannuation Act 1988 (Vic) — revised scheme members

Part 3 Victorian State Employees Retirement Benefits Scheme

Part 4 Benefits provided under the Superannuation Benefits Act 1977 (Vic)

Part 5 Victorian Transport Superannuation Fund

Division 5.1 Definitions

Division 5.2 Interests in the growth phase

Division 5.3 Interests in the payment phase

Part 6 State Parliamentary Contributory Superannuation Fund

Division 6.1 Definitions

Division 6.2 Interests in the growth phase

Division 6.3 Interests in the payment phase

Division 6.4 Factors

Schedule 4 Public sector superannuation plans — Queensland

Part 1 Superannuation scheme established by the Superannuation (State Public Sector) Deed 1990 (Qld)

Part 2 Parliamentary Contributory Superannuation Fund

Part 3 Local Government Superannuation Scheme

Schedule 5 Public sector superannuation plans — Western Australia

Part 1 Gold State Super Scheme

Schedule 6 Public sector superannuation plans — South Australia

Part 1 South Australian Superannuation Fund

Division 1.1 Definitions

Division 1.2 Interests in the growth phase

Division 1.3 Interests in the payment phase

Division 1.4 Factors

Part 2 South Australian Local Government Superannuation Scheme

Part 3 South Australian Police Superannuation Scheme

Division 3.1 Definitions

Division 3.2 Interests in the growth phase

Division 3.3 Interests in the payment phase

Division 3.4 Factors

Part 4 South Australian Parliamentary Superannuation Scheme

Part 5 South Australian Judges’ Pension Scheme

Division 5.1 Definitions

Division 5.2 Interests in the growth phase

Division 5.3 Interests in the payment phase

Division 5.4 Factors

Schedule 7 Public sector superannuation plans — Tasmania

Schedule 8 Public sector superannuation plans — Australian Capital Territory

Schedule 9 Public sector superannuation plans — Northern Territory

Schedule 10 Other superannuation plans

Part 22 Energy Industries Superannuation Scheme

Part 30 Ford superannuation plans

Part 35 GlaxoSmithKline Superannuation Fund

Part 40 Hanson Australia Pty Limited as a participating employer in Sunsuper

Part 90 RACV superannuation fund

Part 105 UniSuper superannuation fund

Division 105.1 Definitions

Division 105.2 Interests in the growth phase

Division 105.3 Interests in the payment phase

Division 105.4 Factors for interests in the payment phase

Part 110 Victorian Racing Industry Superannuation Fund

Part 115 Woodside Superannuation Fund

Part 116 Woolworths Group Superannuation Scheme

Notes

Schedule 2 Public sector superannuation plans — New South Wales

(section 4)

Part 1 Local Government Superannuation Scheme

1 Definitions

In this Part:

Early Retirement Age has the meaning given by rule 1.1 of the Rules.

LGSS means the Local Government Superannuation Scheme established by the Trust Deed.

Rules means the rules set out in Schedule 2 to the Trust Deed.

Trust Deed means the Trust Deed dated 30 June 1997, entered into by the Treasurer of New South Wales and LGSS Pty Limited, as amended and in force on the commencement of this Part.

2 Methods and factors for interests of members in the LGSS

For an interest that:

(a) is in the growth phase in the LGSS; and

(b) is mentioned in an item in the following table;

the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has in the LGSS if the person has elected to make provision for a benefit provided by rule 5.10 of the Rules.	CFB + EFB × Fy+m where: CFB is the amount of the contributor‑financed benefit that would have been payable to the person under paragraph 5.10.8 (a) of the Rules if the person had been eligible to receive that benefit on the relevant date.
		EFB is the amount of the employer‑financed benefits that would have been payable to the person under paragraph 5.10.8 (b) of the Rules if the person had been eligible to receive that benefit on the relevant date. Fy+m is the factor calculated in accordance with the following formula:.
		where: Fy is the valuation factor mentioned in Table 1 of this Part that applies to the period in completed years (y) commencing on the relevant date and ending on the date when the person will reach the person’s Early Retirement Age. m is the number of complete months commencing on the relevant date and ending on the date when the person will reach the person’s Early Retirement Age that are not included in the completed years mentioned in the definition of the factor Fy. Fy+1 is the valuation factor mentioned in Table 1 of this Part that applies to the period in completed years (y) commencing on the relevant date and ending 1 year after the date when the person will reach the person’s Early Retirement Age.

Table 1 Valuation factors

Number of completed years until Early Retirement Age	Factor
37	0.716
36	0.722
35	0.729
34	0.735
33	0.742
32	0.749
31	0.756
30	0.762
29	0.769
28	0.776
27	0.783
26	0.791
25	0.798
24	0.805
23	0.812
22	0.820
21	0.827
20	0.835
19	0.842
18	0.850
17	0.858
16	0.865
15	0.873
14	0.881
13	0.889
12	0.897
11	0.905
10	0.914
9	0.922
8	0.930
7	0.939
6	0.947
5	0.956
4	0.964
3	0.973
2	0.982
1	0.991
0	1.000

Part 5 New South Wales Police Superannuation Scheme

Division 5.1 Definitions

1 Definitions

(1) In this Part:

age at entry means the age, in completed years, when a person became a contributor.

Police Superannuation Scheme means the superannuation scheme constituted by the PRS Act.

Police Superannuation Regulation means the Police Superannuation Regulation 2005 (NSW).

PRS Act means the Police Regulation (Superannuation) Act 1906 (NSW).

(2) A reference in this Part to the requirements of Division 2.2 of the Regulations being satisfied does not include a reference to the requirements of that Division being satisfied by making a payment of the kind mentioned in regulation 14H of the Regulations.

(3) An expression used in this Part and in the PRS Act or in a provision of that Act has the same meaning in this Part as it has in the PRS Act or the provision of that Act.

Note 1 The following expressions are defined in subsection 1 (2) of the PRS Act:

 attributed salary of office

 contributor

 executive officer

 member of the police force

 STC.

Note 2 Equivalent service ratio is defined in section 6 of the PRS Act.

Division 5.2 Interests in the growth phase

2 Method for interests in Police Superannuation Scheme

For an interest:

(a) that is held by a member of the police force other than an executive officer who elected to make provision for a benefit in accordance with paragraph 5B (1) (b) of the PRS Act; and

(b) that is in the growth phase in the Police Superannuation Scheme;

the method set out in the following table is approved for section 4 of this instrument.

Method

where:

AS, ESR, NEA, B and C have the meanings given by subclause 3 (1).

Fae,y+m has the meaning given by subclause 3 (2).

R is the reduction factor under clause 4.

3 Definition of terms and expressions

(1) In clause 2 and, unless expressly modified, in any other provision in this Part:

AS is the attributed salary of office of the person at the relevant date.

B is the total number of days, in the period commencing on 1 July 1988 and ending at the end of the relevant date, for which:

(a) contributions were deducted from the person’s salary of office under subsection 5 (1) of the PRS Act; or

(b) amounts were paid by the person under section 5A of the PRS Act, being amounts that are deemed, under subsection 5A (6) of that Act, to have been deducted from the person’s salary of office.

C is the total number of days, as at the relevant date (including, if applicable, that date) for which:

(a) contributions were deducted from the person’s salary of office under subsection 5 (1) of the PRS Act; or

(b) amounts were paid by the person under section 5A of the PRS Act, being amounts that are deemed, under subsection 5A (6) of that Act, to have been deducted from the person’s salary of office.

ESR is the person’s equivalent service ratio at the relevant date.

NEA is the person’s notional employee account, being the sum of the amounts referred to in paragraphs 10 (1) (a), (b) and (c) of the Police Superannuation Regulation if STC were required to reduce the amount of the person’s benefit under subsection 14AA (1) of the PRS Act, at the relevant date.

(2) In clause 2 and, unless expressly modified, in any other provision in this Part:

Fae,y+m is calculated in accordance with the formula:

where:

Fae,y is the valuation factor in whichever of Table 1 or 2 of Division 5.4 is applicable, given:

(a) the person’s gender; and

(b) the person’s age in completed years at the relevant date (y); and

m is the number of complete months of the person’s age that are not included in the person’s age in completed years at the relevant date.

Fae,y+1 is the valuation factor mentioned in whichever of Table 1 or 2 of Division 5.4 is applicable to the person if the person’s age in completed years at the relevant date were 1 year more than it is.

4 Reduction factor

(1) Reduction factor is:

(a) if the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlement of only one spouse of the person, being an entitlement arising under a particular superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest — the amount calculated in accordance with the formula set out in subclause (2); or

(b) if the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlements of 2 or more spouses of the person, being entitlements each arising under a superannuation agreement, flag lifting agreement or splitting order that applies to the interest — the product of the amounts calculated in accordance with the formula set out in subclause (2) in respect of each entitlement; or

(2) For paragraphs (1) (a) and (b), each amount is calculated in accordance with the formula:

where:

NMProp is the quotient of:

(a) the value of the spouse’s entitlement under the agreement or order immediately before the time when the requirements of Division 2.2 of the Regulations were satisfied; and

(b) the gross value of the person’s interest, immediately before those requirements were satisfied, determined in accordance with the method set out in the table following clause 2.

BenProp is the quotient of:

(a) the product of Cs and TAs; and

(b) the product of C and TArd;

where:

Cs is the total number of days, as at the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse of the person under the superannuation agreement, flag lifting agreement or splitting order (including, if applicable, that date), for which:

(a) contributions were deducted from the person’s salary of office under subsection 5 (1) of the PRS Act; or

(b) amounts were paid by the person under section 5A of the PRS Act, being amounts that are deemed, under subsection 5A (6) of that Act, to have been deducted from the person’s salary of office.

TAs is the amount of tax adjustment in respect of the person immediately before the time when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order, calculated in accordance with the formula set out in subclause 5 (1).

C has the meaning given by subclause 3 (1).

TArd is the amount of tax adjustment in respect of the person at the relevant date, calculated in accordance with the formula set out in subclause 5 (2).

5 Tax adjustment

(1) TAs is calculated in accordance with the formula:

where:

EFBProps is the quotient of:

(a) EFBs, being the value of the person’s employer‑financed benefit, immediately before the time when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order, calculated in accordance with the formula:

where:

AS, ESR, NEA, B and C have the meanings given by subclause 3 (1), modified so that a reference to ‘the relevant date’ in relation to each of those terms is a reference to ‘the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order’.

Fae,y+m has the meaning given by subclause 3 (2), modified so that a reference to ‘the relevant date’ in relation to that term is a reference to ‘the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order’.

; and

(b) the person’s total benefit at the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse of the person under the superannuation agreement, flag lifting agreement or splitting order, being the sum of:

(i) EFBs calculated in accordance with the formula set out in paragraph (a); and

(ii) NEA as defined in subclause 3 (1) but modified so that the reference to ‘the relevant date’ in that definition is a reference to ‘the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order’.

CSProps is the quotient of:

(a) the total number of days, in the period commencing on 1 July 1988 and ending on the day immediately before the time when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse of the person under the superannuation agreement, flag lifting agreement or splitting order, for which:

(i) contributions were deducted from the person’s salary of office under subsection 5 (1) of the PRS Act; or

(ii) amounts were paid by the person under section 5A of the PRS Act, being amounts that are deemed, under subsection 5A (6) of that Act, to have been deducted from the person’s salary of office; and

(b) Cs (as defined in subclause 4 (2)).

(2) TArd is calculated in accordance with the formula:

where:

EFBProp is the quotient of:

(a) EFBrd calculated in accordance with the formula:

where:

AS, ESR, NEA, B and C have the meanings given by subclause 3 (1).

Fae,y+m has the meaning given by subclause 3 (2).

; and

(b) the person’s total benefit at the relevant date, being the sum of:

(i) EFBrd calculated in accordance with the formula set out in paragraph (a); and

(ii) NEA (as defined in subclause 3 (1)).

CSProp is the quotient of B and C (as defined in subclause 3 (1)).

Division 5.3 Interests in the payment phase

6 Method for interests in Police Superannuation Scheme

For an interest that:

(a) is held by a person:

(i) who was a member of the police force; or

(ii) who was, at the time of the death of a person who was or who had been a member of the police force, a spouse, or de facto partner within the meaning given by subsection 1 (2) of the PRS Act, of that deceased person; and

(b) in respect of which a superannuation allowance is payable under the PRS Act; and

the method set out in the following table is approved for section 4 of this instrument.

Method
where: SA is the amount of annual superannuation allowance payable to the person in respect of the interest at the relevant date. SAFy+m is the amount calculated in accordance with the formula: where: SAFy is the valuation factor mentioned in whichever of Table 3 or 4 of Division 5.4 is applicable, given: (a) the person’s gender; and (b) the person’s age in completed years at the relevant date (y); and (c) the type of superannuation allowance. m is the number of complete months of the person’s age that are not included in the person’s age in completed years at the relevant date. SAFy+1 is the valuation factor mentioned in whichever of Table 3 or 4 of Division 5.4 is applicable if the person’s age in completed years at the relevant date were 1 year more than it is.

Method

where:

SA is the amount of annual superannuation allowance payable to the person in respect of the interest at the relevant date.

SAFy+m is the amount calculated in accordance with the formula:

where:

SAFy is the valuation factor mentioned in whichever of Table 3 or 4 of Division 5.4 is applicable, given:

(a) the person’s gender; and

(b) the person’s age in completed years at the relevant date (y); and

m is the number of complete months of the person’s age that are not included in the person’s age in completed years at the relevant date.

SAFy+1 is the valuation factor mentioned in whichever of Table 3 or 4 of Division 5.4 is applicable if the person’s age in completed years at the relevant date were 1 year more than it is.

Division 5.4 Factors

Table 1 Police Superannuation Scheme — male members of the Police Force
Age at relevant date	Age at Entry
Age at relevant date	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34
34	3.4
35	3.6	3.5
36	3.8	3.7	3.6
37	4.1	4.0	3.8	3.7
38	4.3	4.2	4.1	3.9	3.9
39	4.7	4.5	4.4	4.2	4.1	4.0
40	5.0	4.8	4.6	4.5	4.4	4.2	4.1
41	5.2	5.1	5.0	4.8	4.7	4.5	4.4	4.3
42	5.5	5.3	5.3	5.2	4.9	4.8	4.7	4.5	4.3
43	5.7	5.6	5.5	5.4	5.3	5.1	5.0	4.8	4.6	4.4
44	6.0	5.9	5.8	5.7	5.6	5.4	5.3	5.1	4.9	4.7	4.5
45	6.2	6.1	6.0	5.9	5.8	5.7	5.6	5.4	5.2	4.9	4.7	4.6
46	6.4	6.3	6.3	6.2	6.1	6.0	5.9	5.8	5.5	5.3	5.0	4.8	4.7
47	6.7	6.6	6.5	6.5	6.4	6.3	6.2	6.0	5.8	5.6	5.3	5.1	4.9	4.7
48	6.9	6.8	6.7	6.7	6.6	6.6	6.5	6.3	6.2	6.0	5.7	5.4	5.1	4.9	4.7
49	7.1	7.1	7.0	6.9	6.9	6.8	6.7	6.6	6.4	6.2	6.1	5.8	5.5	5.2	4.9	4.8
50	7.3	7.3	7.2	7.2	7.2	7.1	7.0	6.9	6.7	6.5	6.3	6.1	5.8	5.6	5.2	5.0
51	7.5	7.5	7.4	7.4	7.4	7.3	7.2	7.1	6.9	6.8	6.5	6.3	6.1	5.7	5.5	5.2
52	7.7	7.6	7.6	7.6	7.6	7.5	7.5	7.3	7.2	7.0	6.8	6.5	6.3	6.0	5.7	5.6
53	7.9	7.9	7.8	7.8	7.8	7.8	7.7	7.6	7.4	7.2	7.0	6.8	6.6	6.4	6.1	5.8
54	8.1	8.1	8.0	8.0	8.0	8.0	8.0	7.9	7.6	7.5	7.2	7.1	6.9	6.5	6.4	6.0
55	8.3	8.3	8.3	8.2	8.2	8.2	8.2	8.1	7.9	7.7	7.5	7.3	7.1	6.8	6.5	6.2
56	8.4	8.4	8.4	8.3	8.3	8.3	8.3	8.3	8.2	8.1	7.9	7.7	7.4	7.2	6.8	6.5
57	8.4	8.4	8.4	8.4	8.4	8.5	8.4	8.4	8.4	8.3	8.2	8.0	7.8	7.3	7.1	7.0
58	8.6	8.6	8.6	8.6	8.6	8.6	8.5	8.5	8.5	8.5	8.4	8.2	7.9	7.7	7.4	7.2
59	8.7	8.7	8.7	8.7	8.7	8.6	8.6	8.6	8.7	8.6	8.6	8.4	8.2	8.0	7.7	7.4
60	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.4	8.2	8.0	7.7
61	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.4	8.3	8.0
62	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.5	8.2
63	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.3
64	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4
65	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3

Table 2 Police Superannuation Scheme — female members of the Police Force
Age at relevant date	Age at Entry
Age at relevant date	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34
34	3.1
35	3.3	3.2
36	3.6	3.4	3.4
37	3.8	3.7	3.6	3.5
38	4.1	4.0	3.8	3.7	3.6
39	4.4	4.2	4.1	4.0	3.8	3.7
40	4.7	4.6	4.4	4.3	4.1	4.0	3.9
41	4.9	4.8	4.7	4.6	4.4	4.3	4.1	4.0
42	5.2	5.1	5.0	4.9	4.7	4.6	4.4	4.3	4.1
43	5.5	5.4	5.3	5.2	5.1	4.9	4.8	4.6	4.4	4.2
44	5.7	5.7	5.6	5.4	5.3	5.2	5.1	4.9	4.7	4.5	4.3
45	6.0	5.9	5.8	5.7	5.6	5.5	5.4	5.2	5.0	4.7	4.6	4.4
46	6.3	6.2	6.1	6.0	5.9	5.8	5.7	5.6	5.4	5.1	4.9	4.6	4.5
47	6.5	6.5	6.3	6.3	6.2	6.1	6.0	5.9	5.7	5.4	5.1	4.9	4.7	4.5
48	6.8	6.7	6.6	6.6	6.5	6.5	6.3	6.2	6.0	5.8	5.6	5.3	5.0	4.8	4.6
49	7.0	7.0	6.9	6.8	6.8	6.7	6.6	6.5	6.3	6.1	6.0	5.7	5.4	5.1	4.8	4.6
50	7.2	7.2	7.2	7.1	7.1	7.0	6.9	6.8	6.6	6.4	6.2	6.0	5.7	5.5	5.1	4.9
51	7.5	7.4	7.4	7.3	7.3	7.2	7.1	7.0	6.8	6.7	6.4	6.3	6.0	5.7	5.4	5.1
52	7.7	7.6	7.6	7.6	7.6	7.5	7.5	7.3	7.2	7.0	6.8	6.5	6.3	6.0	5.7	5.6
53	7.9	7.9	7.9	7.9	7.8	7.8	7.8	7.6	7.5	7.3	7.1	6.8	6.6	6.4	6.1	5.8
54	8.2	8.2	8.1	8.1	8.1	8.1	8.1	7.9	7.7	7.6	7.3	7.2	7.0	6.6	6.4	6.0
55	8.4	8.4	8.4	8.4	8.3	8.3	8.3	8.2	8.0	7.8	7.6	7.4	7.2	6.9	6.6	6.2
56	8.5	8.5	8.5	8.5	8.5	8.5	8.4	8.4	8.3	8.2	8.0	7.8	7.5	7.3	7.0	6.6
57	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.5	8.4	8.3	8.1	7.9	7.5	7.3	7.1
58	8.8	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.6	8.4	8.0	7.8	7.5	7.3
59	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.91	8.9	8.7	8.4	8.2	7.9	7.6
60	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	8.7	8.4	8.1	7.8
61	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	8.6	8.4	8.1
62	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	9.0	8.6	8.4
63	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.7	8.6
64	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.6
65	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6

Table 3 Police Superannuation Scheme — Payment phase — males
Age in Completed Years	Age Retirement Superannuation Allowance (ss 7 and 7AA)	Invalid Superannuation Allowance		Reversionary Superannuation Allowance (ss 11, 11AA, 11A, 11B, 11C, 11D and 12)
Age in Completed Years	Age Retirement Superannuation Allowance (ss 7 and 7AA)	Hurt on Duty (s 10)	Not Hurt on Duty (s 7 with certification under s 8)
25	23.53	22.88	22.02	23.24
26	23.43	22.78	21.90	23.13
27	23.32	22.67	21.78	23.01
28	23.22	22.56	21.66	22.89
29	23.10	22.44	21.53	22.76
30	22.99	22.32	21.39	22.63
31	22.86	22.19	21.25	22.49
32	22.74	22.06	21.10	22.34
33	22.61	21.93	20.96	22.19
34	22.47	21.80	20.81	22.04
35	22.33	21.65	20.65	21.88
36	22.18	21.51	20.49	21.72
37	22.03	21.35	20.32	21.54
38	21.87	21.19	20.14	21.36
39	21.70	21.03	19.96	21.18
40	21.53	20.86	19.78	20.99
41	21.33	20.66	19.55	20.79
42	21.13	20.46	19.33	20.59
43	20.92	20.25	19.09	20.37
44	20.70	20.04	18.85	20.15
45	20.47	19.82	18.60	19.92
46	20.16	19.50	18.21	19.69
47	19.84	19.18	17.83	19.44
48	19.51	18.85	17.44	19.19
49	19.17	18.52	17.06	18.93
50	18.83	18.19	16.68	18.66
51	18.47	17.85	16.31	18.39
52	18.19	17.59	16.05	18.10
53	17.89	17.32	15.79	17.81
54	17.58	17.04	15.52	17.50
55	17.27	16.74	15.25	17.19
56	16.94	16.44	14.97	16.87
57	16.61	16.13	14.68	16.53
58	16.26	15.80	14.38	16.19
59	15.90	15.47	14.08	15.83
60	15.53	15.13	13.77	15.47
61	15.16	14.78	13.45	15.10
62	14.77	14.42	13.12	14.72
63	14.38	14.05	12.78	14.33
64	13.98	13.68	12.44	13.93
65	13.57	13.30	12.10	13.52
66	13.15	12.91	11.74	13.11
67	12.72	12.52	11.38	12.69
68	12.28	12.12	11.01	12.26
69	11.83	11.71	10.63	11.81
70	11.38	11.30	10.26	11.36
71	10.91	10.89	9.88	10.90
72	10.43	10.48	9.51	10.43
73	9.95	10.07	9.13	9.96
74	9.47	9.67	8.75	9.48
75	8.98	9.26	8.37	8.99
76	8.48	8.86	7.99	8.50
77	8.00	8.46	7.61	8.03
78	7.54	8.08	7.24	7.57
79	7.09	7.70	6.87	7.12
80	6.67	7.33	6.51	6.70
81	6.28	6.97	6.16	6.31
82	5.91	6.61	5.82	5.94
83	5.57	6.27	5.49	5.60
84	5.25	5.95	5.18	5.28
85	4.95	5.63	4.89	4.98
86	4.66	5.33	4.61	4.69
87	4.38	5.04	4.33	4.41
88	4.11	4.75	4.07	4.14
89	3.86	4.48	3.82	3.89
90	3.61	4.22	3.57	3.64
91	3.37	3.96	3.34	3.40
92	3.15	3.72	3.11	3.17
93	2.93	3.50	2.91	2.96
94	2.74	3.29	2.72	2.76
95	2.56	3.09	2.54	2.58
96	2.40	2.92	2.38	2.42
97	2.25	2.75	2.24	2.27
98	2.12	2.59	2.10	2.13
99 or more	1.99	2.44	1.97	2.00

Table 4 Police Superannuation Scheme — Payment phase — females
Age in Completed Years	Age Retirement Superannuation Allowance (ss 7 and 7AA)	Invalid Superannuation Allowance (s 7 with certification under s 8, s10)	Reversionary Superannuation Allowance (ss 11, 11AA, 11A, 11B, 11C, 11D and 12)
25	23.84	22.19	23.80
26	23.75	22.05	23.70
27	23.65	21.91	23.60
28	23.55	21.76	23.49
29	23.44	21.61	23.38
30	23.33	21.45	23.26
31	23.22	21.29	23.14
32	23.10	21.13	23.02
33	22.98	20.96	22.89
34	22.85	20.79	22.75
35	22.72	20.61	22.61
36	22.58	20.43	22.47
37	22.44	20.24	22.32
38	22.29	20.05	22.17
39	22.14	19.85	22.01
40	21.98	19.65	21.84
41	21.78	19.32	21.67
42	21.58	18.99	21.49
43	21.40	18.77	21.31
44	21.21	18.54	21.12
45	21.02	18.30	20.92
46	20.82	18.07	20.71
47	20.61	17.83	20.50
48	20.39	17.59	20.28
49	20.17	17.35	20.06
50	19.94	17.11	19.83
51	19.69	16.84	19.59
52	19.45	16.60	19.34
53	19.19	16.35	19.08
54	18.93	16.10	18.82
55	18.66	15.85	18.54
56	18.37	15.60	18.26
57	18.08	15.34	17.97
58	17.78	15.08	17.67
59	17.48	14.82	17.37
60	17.17	14.55	17.06
61	16.85	14.28	16.74
62	16.52	14.01	16.41
63	16.19	13.73	16.08
64	15.85	13.44	15.74
65	15.49	13.14	15.39
66	15.13	12.84	15.03
67	14.77	12.53	14.67
68	14.39	12.21	14.30
69	14.00	11.89	13.91
70	13.61	11.57	13.53
71	13.21	11.24	13.13
72	12.80	10.90	12.73
73	12.38	10.56	12.32
74	11.96	10.22	11.90
75	11.53	9.86	11.48
76	11.10	9.51	11.06
77	10.67	9.14	10.63
78	10.23	8.76	10.21
79	9.80	8.36	9.78
80	9.37	7.96	9.35
81	8.94	7.55	8.93
82	8.51	7.15	8.51
83	8.09	6.75	8.09
84	7.66	6.35	7.67
85	7.25	5.97	7.27
86	6.85	5.60	6.87
87	6.47	5.25	6.49
88	6.11	4.91	6.13
89	5.76	4.60	5.79
90	5.43	4.31	5.46
91	5.13	4.05	5.16
92	4.84	3.80	4.87
93	4.57	3.57	4.60
94	4.30	3.35	4.33
95	4.04	3.14	4.07
96	3.78	2.93	3.81
97	3.52	2.72	3.55
98	3.26	2.50	3.28
99 or more	2.97	2.26	2.99

Part 6 Police Association Superannuation Scheme

Division 6.1 Definitions

1 Definitions

(1) In this Part:

age at entry means the age, in completed years, when a person became a contributor.

contributor has the meaning given by subsection 1 (2) of the PRS Act.

equivalent service ratio has the meaning given by section 6 of the PRS Act.

PAES Act means the Police Association Employees (Superannuation) Act 1969 (NSW).

Police Association Superannuation Scheme means the superannuation scheme constituted by the PAES Act.

Police Superannuation Scheme means the superannuation scheme constituted by the PRS Act.

PRS Act means the Police Regulation (Superannuation) Act 1906 (NSW).

(3) An expression used in this Part and in the PAES Act or in a provision of that Act has the same meaning in this Part as it has in the PAES Act or the provision of that Act.

Note The following expressions are defined in subsection 2 (1) of the PAES Act:

 Association

 member of the police force

 STC.

Division 6.2 Interests in the growth phase

2 Method for interests in Police Association Superannuation Scheme

(1) For an interest that:

(a) is held by a person who:

(i) was a member of the police force; and

(ii) resigned office as a member of the police force and immediately became an employee of the Association or become such an employee on the working day of the Association next following the date on which his or her resignation took effect; and

(iii) was a contributor to the Police Superannuation Scheme immediately before transferring to the employment of the Association; and

(b) is in the growth phase in the Police Association Superannuation Scheme;

the method set out in the following table is approved for section 4 of this instrument.

Method

where:

AS, ESR, NEA, B and C have the meanings given by subclause 3 (1).

Fae,y+m has the meaning given by subclause 3 (2).

R is the reduction factor under clause 4.

3 Definition of terms and expressions

(1) In clause 2:

AS is the annual rate of the salary of the person as an employee of the Association that STC would consider if, at the relevant date, STC had approved the payment of an annual superannuation allowance to the person under subsection 3 (2) of the PAES Act.

B is the total number of days, in the period commencing on the day when section 3 of the PAES Act commenced to have effect in respect of the person and ending at the end of the relevant date, for which the person has paid:

(a) an amount or amounts equivalent to contributions that would have been deducted from his or her salary of office under section 5 of the PRS Act if he or she had not resigned office as a member of the police force; or

(b) an amount or amounts that he or she would have been required to pay under section 5A of the PRS Act, in respect of one or more periods of leave without pay or special leave without pay, if he or she had not resigned office as a member of the police force.

C is the total number of days, as at the relevant date (including, if applicable, that date) for which the person has paid:

ESR is the equivalent service ratio of the person, at the relevant date, that is based on the service of the person as:

(a) an employee of the Association; and

(b) a former member of the police force.

(2) In clause 2:

Fae,y+m is calculated in accordance with the formula:

where:

Fae,y is the valuation factor mentioned in whichever of Table 1 or 2 of Division 6.4 is applicable, given:

(i) the person’s gender; and

(ii) the person’s age in completed years (y) at the relevant date; and

(iii) the person’s age at entry (ae).

m is the number of complete months of the person’s age that are not included in the person’s age in completed years at the relevant date.

Fae,y+1 is the valuation factor mentioned in whichever of Table 1 or 2 of Division 6.4 is applicable to the person if the person’s age in completed years at the relevant date were 1 year more than it is.

4 Reduction Factor

(1) Reduction factor is the amount worked out in accordance with clause 4 (the reduction clause) and clause 5 (the adjustment clause) of Division 5.2 of Part 5, subject to the following:

(a) AS, B, ESR and NEA have the meanings given by subclause 3 (1), unless required to be modified under the adjustment clause;

(b) C has the meaning given by subclause 3 (1) unless required to be modified under the reduction or adjustment clause;

(d) if required to be modified under the reduction or adjustment clause, AS, B, C, ESR, NEA and Fae,y+m have the meanings given by subclause 3 (1) or (2) modified so that a reference to ‘the relevant date’ in relation to each of those terms is a reference to ‘the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order’;

(e) Cs is the total number of days, as at the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse of the person under the superannuation agreement, flag lifting agreement or splitting order (including, if applicable, that date), for which the person has paid:

(i) an amount or amounts equivalent to contributions that would have been deducted from his or her salary of office under section 5 of the PRS Act if he or she had not resigned office as a member of the police force; or

(ii) an amount or amounts that he or she would have been required to pay under section 5A of the PRS Act, in respect of one or more periods of leave without pay or special leave without pay, if he or she had not resigned as a member of the police force.

Division 6.3 Interests in the payment phase

5 Method for interests in Police Association Superannuation Scheme

For an interest that is held by a person in the Police Association Superannuation Scheme as a result of being paid an annual superannuation allowance under the PAES Act, the method set out in the following table is approved for section 4 of this instrument.

Method
where: SA is the amount of annual superannuation allowance payable to the person in respect of the interest at the relevant date. SAFy+m is the amount calculated in accordance with the formula: where: SAFy is the valuation factor mentioned in whichever of Table 3 or 4 of Division 6.4 is applicable, given: (a) the person’s gender; and (b) the person’s age in completed years at the relevant date (y); and (c) the type of superannuation allowance. m is the number of complete months of the person’s age that are not included in the person’s age in completed years at the relevant date. SAFy+1 is the valuation factor mentioned in whichever of Table 3 or 4 of Division 6.4 is applicable if the person’s age in completed years at the relevant date were 1 year more than it is.

Method

where:

SA is the amount of annual superannuation allowance payable to the person in respect of the interest at the relevant date.

SAFy+m is the amount calculated in accordance with the formula:

where:

SAFy is the valuation factor mentioned in whichever of Table 3 or 4 of Division 6.4 is applicable, given:

(a) the person’s gender; and

(b) the person’s age in completed years at the relevant date (y); and

m is the number of complete months of the person’s age that are not included in the person’s age in completed years at the relevant date.

SAFy+1 is the valuation factor mentioned in whichever of Table 3 or 4 of Division 6.4 is applicable if the person’s age in completed years at the relevant date were 1 year more than it is.

Division 6.4 Factors

Table 1 Police Association Superannuation Scheme — male employees
Age at relevant date	Age at Entry
Age at relevant date	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34
34	2.1
35	2.3	2.2
36	2.5	2.4	2.3
37	2.7	2.6	2.5	2.4
38	3.0	2.9	2.7	2.6	2.5
39	3.3	3.1	3.0	2.9	2.8	2.7
40	3.6	3.4	3.2	3.2	3.0	2.9	2.8
41	3.8	3.7	3.6	3.4	3.3	3.1	3.0	2.9
42	4.0	3.9	3.9	3.8	3.6	3.5	3.3	3.1	3.0
43	4.3	4.2	4.1	4.0	3.9	3.7	3.6	3.4	3.2	3.1
44	4.6	4.5	4.4	4.3	4.2	4.1	3.9	3.7	3.6	3.3	3.1
45	4.8	4.7	4.7	4.6	4.5	4.4	4.3	4.0	3.8	3.6	3.4	3.2
46	5.1	5.0	4.9	4.9	4.8	4.7	4.6	4.5	4.2	3.9	3.7	3.4	3.3
47	5.4	5.3	5.2	5.2	5.1	5.0	4.9	4.7	4.5	4.3	4.0	3.7	3.5	3.3
48	5.6	5.6	5.5	5.5	5.4	5.3	5.2	5.1	4.9	4.7	4.4	4.1	3.8	3.6	3.4
49	5.9	5.9	5.8	5.8	5.7	5.6	5.5	5.4	5.2	5.0	4.8	4.5	4.2	3.9	3.6	3.4
50	6.2	6.2	6.1	6.1	6.0	6.0	5.9	5.8	5.6	5.3	5.1	4.9	4.6	4.3	3.9	3.7
51	6.5	6.5	6.4	6.4	6.4	6.3	6.2	6.1	5.9	5.8	5.4	5.3	5.0	4.6	4.3	4.0
52	6.8	6.8	6.7	6.7	6.7	6.6	6.6	6.4	6.3	6.1	5.8	5.6	5.3	5.0	4.7	4.5
53	7.1	7.1	7.1	7.1	7.0	7.0	6.9	6.8	6.6	6.4	6.2	6.0	5.7	5.5	5.2	4.8
54	7.4	7.4	7.4	7.4	7.4	7.4	7.4	7.2	7.0	6.9	6.5	6.5	6.2	5.8	5.6	5.2
55	7.8	7.8	7.8	7.8	7.7	7.7	7.7	7.6	7.4	7.2	7.0	6.8	6.5	6.2	6.0	5.6
56	7.9	7.9	7.9	7.9	7.9	7.8	7.8	7.8	7.7	7.6	7.4	7.2	6.9	6.6	6.3	5.9
57	8.0	8.0	8.0	8.0	8.0	8.0	8.0	8.0	8.0	7.9	7.7	7.5	7.3	6.9	6.7	6.5
58	8.3	8.2	8.2	8.2	8.2	8.2	8.2	8.2	8.2	8.2	8.1	7.9	7.5	7.3	7.0	6.8
59	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.2	8.0	7.8	7.5	7.2
60	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.4	8.2	8.0	7.7
61	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.4	8.3	8.0
62	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.5	8.2
63	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.3
64	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4	8.4
65	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3

Table 2 Police Association Superannuation Scheme — female employees
Age at relevant date	Age at Entry
Age at relevant date	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34
34	2.1
35	2.2	2.2
36	2.4	2.3	2.3
37	2.7	2.6	2.4	2.4
38	2.9	2.8	2.7	2.6	2.5
39	3.2	3.1	3.0	2.8	2.7	2.6
40	3.5	3.4	3.2	3.1	3.0	2.8	2.8
41	3.7	3.6	3.5	3.4	3.3	3.1	3.0	2.9
42	4.0	3.9	3.8	3.7	3.5	3.4	3.3	3.1	3.0
43	4.3	4.2	4.1	4.0	3.9	3.7	3.6	3.4	3.2	3.1
44	4.5	4.5	4.4	4.3	4.2	4.1	3.9	3.7	3.6	3.3	3.1
45	4.8	4.7	4.7	4.6	4.5	4.4	4.3	4.0	3.8	3.6	3.4	3.2
46	5.1	5.0	5.0	4.9	4.8	4.7	4.6	4.5	4.2	4.0	3.7	3.4	3.3
47	5.4	5.4	5.2	5.2	5.1	5.0	4.9	4.8	4.6	4.3	4.0	3.8	3.6	3.3
48	5.7	5.6	5.6	5.5	5.5	5.4	5.3	5.1	5.0	4.8	4.5	4.2	3.9	3.6	3.4
49	6.0	6.0	5.9	5.8	5.8	5.7	5.6	5.5	5.3	5.1	4.9	4.6	4.3	3.9	3.7	3.5
50	6.3	6.3	6.2	6.2	6.1	6.1	6.0	5.9	5.7	5.4	5.2	5.0	4.7	4.4	4.0	3.7
51	6.6	6.6	6.5	6.5	6.5	6.4	6.3	6.2	6.0	5.9	5.5	5.4	5.1	4.7	4.4	4.1
52	6.9	6.9	6.9	6.9	6.8	6.8	6.7	6.6	6.4	6.2	6.0	5.7	5.4	5.1	4.8	4.6
53	7.3	7.3	7.2	7.2	7.2	7.2	7.1	7.0	6.8	6.6	6.4	6.1	5.9	5.6	5.3	4.9
54	7.6	7.6	7.6	7.6	7.6	7.5	7.5	7.4	7.2	7.1	6.7	6.6	6.4	5.9	5.8	5.3
55	8.0	8.0	8.0	8.0	7.9	8.0	7.9	7.8	7.6	7.4	7.2	7.0	6.7	6.4	6.1	5.7
56	8.1	8.1	8.1	8.1	8.1	8.1	8.0	8.0	7.9	7.8	7.6	7.4	7.1	6.8	6.5	6.1
57	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.2	8.2	8.1	8.0	7.8	7.6	7.1	6.9	6.7
58	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.4	8.3	8.2	7.8	7.5	7.2	7.0
59	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.5	8.2	8.1	7.6	7.4
60	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	8.7	8.4	8.1	7.8
61	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	8.9	8.5	8.4	8.1
62	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	8.9	9.0	8.6	8.4
63	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.7	8.6
64	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.7	8.6
65	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6

Table 3 Police Association Superannuation Scheme — Payment phase — males
Age in Completed Years	Age Retirement Superannuation Allowance (s 3 (2))	Invalid Superannuation Allowance (s 3 (2) with certification under s. 8 of PRS Act)	Reversionary Superannuation Allowance (ss 3 (9), (10) and (10AA))
25	23.53	22.02	23.24
26	23.43	21.90	23.13
27	23.32	21.78	23.01
28	23.22	21.66	22.89
29	23.10	21.53	22.76
30	22.99	21.39	22.63
31	22.86	21.25	22.49
32	22.74	21.10	22.34
33	22.61	20.96	22.19
34	22.47	20.81	22.04
35	22.33	20.65	21.88
36	22.18	20.49	21.72
37	22.03	20.32	21.54
38	21.87	20.14	21.36
39	21.70	19.96	21.18
40	21.53	19.78	20.99
41	21.33	19.55	20.79
42	21.13	19.33	20.59
43	20.92	19.09	20.37
44	20.70	18.85	20.15
45	20.47	18.60	19.92
46	20.16	18.21	19.69
47	19.84	17.83	19.44
48	19.51	17.44	19.19
49	19.17	17.06	18.93
50	18.83	16.68	18.66
51	18.47	16.31	18.39
52	18.19	16.05	18.10
53	17.89	15.79	17.81
54	17.58	15.52	17.50
55	17.27	15.25	17.19
56	16.94	14.97	16.87
57	16.61	14.68	16.53
58	16.26	14.38	16.19
59	15.90	14.08	15.83
60	15.53	13.77	15.47
61	15.16	13.45	15.10
62	14.77	13.12	14.72
63	14.38	12.78	14.33
64	13.98	12.44	13.93
65	13.57	12.10	13.52
66	13.15	11.74	13.11
67	12.72	11.38	12.69
68	12.28	11.01	12.26
69	11.83	10.63	11.81
70	11.38	10.26	11.36
71	10.91	9.88	10.90
72	10.43	9.51	10.43
73	9.95	9.13	9.96
74	9.47	8.75	9.48
75	8.98	8.37	8.99
76	8.48	7.99	8.50
77	8.00	7.61	8.03
78	7.54	7.24	7.57
79	7.09	6.87	7.12
80	6.67	6.51	6.70
81	6.28	6.16	6.31
82	5.91	5.82	5.94
83	5.57	5.49	5.60
84	5.25	5.18	5.28
85	4.95	4.89	4.98
86	4.66	4.61	4.69
87	4.38	4.33	4.41
88	4.11	4.07	4.14
89	3.86	3.82	3.89
90	3.61	3.57	3.64
91	3.37	3.34	3.40
92	3.15	3.11	3.17
93	2.93	2.91	2.96
94	2.74	2.72	2.76
95	2.56	2.54	2.58
96	2.40	2.38	2.42
97	2.25	2.24	2.27
98	2.12	2.10	2.13
99 or more	1.99	1.97	2.00

Table 4 Police Association Superannuation Scheme — Payment phase — females
Age in Completed Years	Age Retirement Superannuation Allowance (s 3 (2))	Invalid Superannuation Allowance (s 3 (2) with certification under s 8 of PRS Act)	Reversionary Superannuation Allowance (ss 3 (9), (10) and (10AA))
25	23.84	22.19	23.80
26	23.75	22.05	23.70
27	23.65	21.91	23.60
28	23.55	21.76	23.49
29	23.44	21.61	23.38
30	23.33	21.45	23.26
31	23.22	21.29	23.14
32	23.10	21.13	23.02
33	22.98	20.96	22.89
34	22.85	20.79	22.75
35	22.72	20.61	22.61
36	22.58	20.43	22.47
37	22.44	20.24	22.32
38	22.29	20.05	22.17
39	22.14	19.85	22.01
40	21.98	19.65	21.84
41	21.78	19.32	21.67
42	21.58	18.99	21.49
43	21.40	18.77	21.31
44	21.21	18.54	21.12
45	21.02	18.30	20.92
46	20.82	18.07	20.71
47	20.61	17.83	20.50
48	20.39	17.59	20.28
49	20.17	17.35	20.06
50	19.94	17.11	19.83
51	19.69	16.84	19.59
52	19.45	16.60	19.34
53	19.19	16.35	19.08
54	18.93	16.10	18.82
55	18.66	15.85	18.54
56	18.37	15.60	18.26
57	18.08	15.34	17.97
58	17.78	15.08	17.67
59	17.48	14.82	17.37
60	17.17	14.55	17.06
61	16.85	14.28	16.74
62	16.52	14.01	16.41
63	16.19	13.73	16.08
64	15.85	13.44	15.74
65	15.49	13.14	15.39
66	15.13	12.84	15.03
67	14.77	12.53	14.67
68	14.39	12.21	14.30
69	14.00	11.89	13.91
70	13.61	11.57	13.53
71	13.21	11.24	13.13
72	12.80	10.90	12.73
73	12.38	10.56	12.32
74	11.96	10.22	11.90
75	11.53	9.86	11.48
76	11.10	9.51	11.06
77	10.67	9.14	10.63
78	10.23	8.76	10.21
79	9.80	8.36	9.78
80	9.37	7.96	9.35
81	8.94	7.55	8.93
82	8.51	7.15	8.51
83	8.09	6.75	8.09
84	7.66	6.35	7.67
85	7.25	5.97	7.27
86	6.85	5.60	6.87
87	6.47	5.25	6.49
88	6.11	4.91	6.13
89	5.76	4.60	5.79
90	5.43	4.31	5.46
91	5.13	4.05	5.16
92	4.84	3.80	4.87
93	4.57	3.57	4.60
94	4.30	3.35	4.33
95	4.04	3.14	4.07
96	3.78	2.93	3.81
97	3.52	2.72	3.55
98	3.26	2.50	3.28
99 or more	2.97	2.26	2.99

Part 7 New South Wales State Authorities Superannuation Scheme

Division 7.1 Definitions

1 Definitions

(1) In this Part:

1927 Act means the Local Government and Other Authorities (Superannuation) Act 1927 (NSW).

current insurance policy has the meaning given by clause 3 of the State Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1990 (NSW).

SAS Act means the State Authorities Superannuation Act 1987 (NSW).

SAS Scheme means the superannuation scheme constituted by the SAS Act.

transferred contributor has the meaning given by the State Authorities Superannuation (State Public Service Superannuation Scheme Transfer) (Savings and Transitional) Regulation 1989 (NSW).

(3) An expression used in this Part and in the SAS Act or in a provision of that Act has the same meaning in this Part as it has in the SAS Act or a provision of that Act.

Note 1 The following expressions are defined in subsection 3 (1) of the SAS Act:

 benefit

 contributor‑financed benefit

 contributor’s account

 early retirement age

 employee

 employer‑financed benefit

 entry date

 executive officer

 Fund

 STC.

Note 2 The following expression is defined in subsection 29 (1) of the SAS Act:

 leave without pay.

Note 3 The following expressions are defined in section 36 of the SAS Act:

 accrued benefit points

 final average salary.

(4) An expression used in this Part and in the 1927 Act or in a provision of that Act has the same meaning in this Part as it has in the 1927 Act or in a provision of that Act.

Note The following expressions are defined in section 3 of the 1927 Act:

 Benefits Fund

 Provident Fund.

Division 7.2 Interests in the growth phase

Subdivision 7.2.1 Employees (general)

2 Method for interests in SAS Scheme

For an interest that is in the growth phase in the SAS Scheme and that is held by an employee other than:

(a) an employee who is a former holder of a current insurance policy; or

(b) an employee who is a former contributor to the Provident Fund; or

(d) an employee who is an executive officer who elected to make provision for a benefit in accordance with paragraph 30A (1) (b) of the SAS Act; or

(e) an employee to whom Part 1 of Schedule 5 to the SAS Act applies; or

(f) an employee who, at 55 years or over, has elected to make provision for a benefit in accordance with Part 2 of Schedule 5 to the SAS Act;

the method set out in the following table is approved for section 4 of this instrument.

Method

where:

CFB is the person’s contributor‑financed benefit that would be payable from the contributor’s account of the person if the person were to receive a benefit under Part 5 of the SAS Act at the relevant date.

ABP is a person’s accrued benefit points at the relevant date.

PAF has the meaning given by subclause 3 (1).

B is the number of days in the period:

(a) commencing on the later of a person’s entry date and 1 July 1988; and

(b) ending at the end of the relevant date;

other than any day when the person was not required to make contributions to the SAS Scheme because the person was on leave without pay.

C is the number of the days in the period:

(a) commencing on the person’s entry date; and

(b) ending at the end of the relevant date;

other than any day when the person was not required to make contributions to the SAS Scheme because the person was on leave without pay.

AR is a person’s rate of accrual, being whichever of the following is applicable:

(a) if the person is a transferred contributor — 0.03;

(b) in any other case — 0.025.

FAS is the person’s final average salary at the relevant date.

Fy+m has the meaning given by subclause 3 (2).

R is the reduction factor under clause 4.

3 Definitions of PAF and Fy+m

(1) In clause 2:

PAF is the person’s accrued benefit points adjustment factor, being the lesser of:

(a) 1; and

(b) the factor calculated in accordance with the formula:

;

where:

age at entry is the person’s age in years, including any fraction of a year, at that person’s entry date.

fraction of a year means the quotient of the number of days in the period commencing on the person’s last birthday and ending at the person’s entry date, and:

(a) if the date ‘29 February’ has occurred in that period or will occur before the person’s next birthday — 366; or

(b) in any other case — 365.

(2) In clause 2:

Fy+m is the factor calculated in accordance with the formula:

where:

Fy is the valuation factor mentioned in whichever of Table 1 to 7 of Division 7.4 is applicable, given:

(a) the person’s gender; and

(b) the person’s age in completed years at the relevant date (y); and

(d) if the person was under 28 years at the person’s entry date, the average rate at which that person has accumulated accrued benefit points calculated in accordance with the formula:

where:

ABP and C have the meanings given by clause 2.

m is the number of complete months of the person’s age that are not included in the person’s age in completed years at the relevant date.

Fy+1 is the valuation factor in whichever of Table 1 to 7 of Division 7.4 is applicable to the person if the person’s age in completed years at the relevant date were 1 year more than it is.

4 Reduction factor

(1) Reduction factor is:

(b) if the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlement of 2 or more spouses of the person, being entitlements each arising under a superannuation agreement, flag lifting agreement or splitting order that applies to the interest — the product of the amounts calculated in accordance with the formula set out in subclause (2) in respect of each entitlement; or

(2) For paragraphs (1) (a) and (b), each amount is calculated in accordance with the formula:

where:

NMProp is the quotient of:

(a) the value of the spouse’s entitlement under the agreement or order immediately before the time when the requirements of Division 2.2 of the Regulations were satisfied; and

(b) the gross value of the person’s interest, immediately before those requirements were satisfied, determined in accordance with the method set out in the table following clause 2.

ABPs is a person’s accrued benefit points at the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse of the person under the superannuation agreement, flag lifting agreement or splitting order.

Bs is the number of days in the period:

(a) commencing on the later of the person’s entry date and 1 July 1988; and

(b) ending on the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse of the person under the superannuation agreement, flag lifting agreement or splitting order (including, if applicable, that date);

other than any day when the person was not required to make contributions to the SAS Scheme because the person was on leave without pay.

Cs is the number of the days in the period:

(a) commencing on the person’s entry date; and

other than any day when the person was not required to make contributions to the SAS Scheme because the person was on leave without pay.

ABP, B and C have the meanings given by clause 2.

Subdivision 7.2.2 Employees (Closed Local Government Schemes)

5 Method for interests in SAS Scheme

(1) For an interest that is in the growth phase in the SAS Scheme and that is held by an employee:

(a) who has not elected to make provision for a benefit in accordance with Part 2 of Schedule 5 to the SAS Act; and

(b) who is not an employee to whom Part 1 of Schedule 5 to the SAS Act applies; and

(i) a former holder of a current insurance policy; or

(ii) a former contributor to the Provident Fund; or

(iii) a former contributor to the Benefits Fund;

the method set out in the following table is approved for section 4 of this instrument.

Method

Step 1

Calculate the gross value of the interest in accordance with the method set out in clause 2.

Step 2

Calculate the gross value of the interest in accordance with the following formula:

CFB + NA – NMSA

where:

NA is the person’s notional accumulation at the relevant date, being:

(a) for a person who was a holder of a current insurance policy or a contributor to the Provident Fund — the person’s notional accumulation determined in accordance with clause 10 of the State Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1990 (NSW); or

(b) for a person who was a contributor to the Benefits Fund — the person’s notional accumulation determined in accordance with clause 17 of that Regulation.

NMSA has the meaning given by subclause (2).

Step 3

Compare the gross values calculated in accordance with steps 1 and 2. The greater of those values is the value of the interest.

(2) In subclause (1):

NMSA is:

(i) the value of the entitlement of the spouse to the interest immediately before the time when the Division 2.2 requirements were satisfied; and

(ii) the amount of the adjustment (if any) that STC would make under section 16 of the SAS Act if:

(A) STC were to pay to the person the balance of his or her contributor’s account at the relevant date; and

(B) the balance of that account had remained equal to the value of the spouse’s entitlement in the period commencing at the time when the Division 2.2 requirements were satisfied and ending at the relevant date; or

(b) if the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlement of 2 or more spouses of the person, being entitlements each arising under a particular superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest, the sum of:

(i) the value of the entitlement of each spouse under the agreement or order immediately before the time when the Division 2.2 requirements were satisfied in respect of that agreement or order; and

(ii) the amount of the adjustment (if any) that STC would make under section 16 of the SAS Act in respect of the entitlement of each spouse, if:

(A) STC were to pay to the person the balance of his or her contributor’s account had the person applied for payment of a benefit under Part 5 of that Act at the relevant date; and

(B) the balance of that account had remained equal to the value of each spouse’s entitlement under the agreement or order in the period commencing at the time when the Division 2.2 requirements were satisfied and ending at the relevant date in respect of each interest; or

Subdivision 7.2.3 Deferred beneficiaries

6 Method for interests in SAS Scheme

For an interest:

(a) that is held by a person who is entitled, in the event of death, to the benefit provided by subsection 43 (6) of the SAS Act; and

(b) that is in the growth phase in the SAS Scheme;

the method set out in the following table is approved for section 4 of this instrument.

Note This method applies to former employees and to employees:

(a) who are taken to have made provision for a deferred benefit in accordance with Part 1 of Schedule 5 to the SAS Act because they transferred their superannuation coverage and became contributors to another superannuation scheme; and

(b) who, after a salary reduction when they turned 55 years or more, elected to make provision for a benefit in accordance with Part 2 of Schedule 5 to the SAS Act; and

(c) who are executive officers who elected to make provision for a benefit in accordance with paragraph 30A (1) (b) of the SAS Act.

Method

where:

CFB is the amount that would be payable from the contributor’s account of the person if the person had applied for payment of a benefit at the relevant date.

EFB is the person’s employer‑financed benefit calculated in accordance with paragraph 43 (6) (b) of the SAS Act if the person had died on the relevant date.

Dy+m has the meaning given by clause 7.

R is the reduction factor under clause 8.

7 Definition of Dy+m

(1) In clause 6:

Dy+m is:

(a) if subsection (2) applies — 1; or

(b) otherwise — the factor calculated in accordance with the formula set out in subclause (3).

(2) For paragraph (a) of the definition of Dy+m in subsection (1), this subsection applies if:

(a) the person has reached the person’s early retirement age; or

(b) the person elected to make provision for a benefit in accordance with paragraph 30A (1) (b) of the SAS Act; or

(c) the person elected to make provision for a benefit in accordance with Part 2 of Schedule 5 to the SAS Act when the person was at least 55 years.

(3) For paragraph (1) (b), the factor calculated in accordance with the formula:

where:

Dy is the valuation factor mentioned in Table 8 of Division 7.4 that is applicable given the number of complete years (y) in the period commencing on the relevant date and ending on the date when the person reaches the person’s early retirement age.

m is the number of complete months that are not included in the number of complete years in the period commencing on the relevant date and ending on the date when the person reaches the person’s early retirement age.

Dy+1 is the valuation factor mentioned in Table 8 of Division 7.4 that is applicable to the person if the number of complete years (y) in the period commencing on the relevant date and ending on the date when the person reaches the person’s early retirement age were 1 year more than it is.

8 Reduction factor

(1) Reduction factor is:

(a) if paragraphs (b), (c) and (d) do not apply — 1; or

(b) if:

(i) the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlement of only one spouse of the person, being an entitlement arising under a superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest; and

(ii) the requirements mentioned in subparagraph (i) were satisfied after the person became entitled, in the event of death, to the benefit provided in accordance with subsection 43 (6) of the SAS Act;

the amount calculated in accordance with the formula set out in subclause (2); or

(ii) the requirements mentioned in subparagraph (i) were satisfied before the person became entitled, in the event of death, to the benefit provided in accordance with subsection 43 (6) of the SAS Act;

the amount calculated in accordance with the formula set out in subclause (3); or

(d) if the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlements of 2 or more spouses of the person, being entitlements each arising under a superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest — the product of the amounts calculated in accordance with whichever of paragraph (b) or (c) is applicable, in respect of each entitlement.

(2) For paragraph (1) (b), the amount is to be calculated in accordance with the formula:

where:

NMProp is the quotient of:

(a) the value of the spouse’s entitlement to the interest under the agreement or order immediately before the time when the requirements of Division 2.2 of the Regulations were satisfied; and

(b) the gross value of the person’s interest, immediately before those requirements were satisfied, determined in accordance with the method set out in the table following clause 6.

(3) For paragraph (1) (c), the amount is to be calculated in accordance with the formula:

where:

NMProp has the meaning given by subclause (2).

ABPs, Bs, and Cs have the meanings given by subclause 4 (2).

ABPe is a person’s accrued benefit points as at the date when the person became entitled, in the event of death, to the benefit provided in accordance with subsection 43 (6) of the SAS Act.

Be is the number of days in the period:

(a) commencing on the later of the person’s entry date and 1 July 1988; and

(b) ending at the end of the date when the person became entitled, in the event of death, to the benefit provided in accordance with subsection 43 (6) of the SAS Act;

other than any day when the person was not required to make contributions to the SAS Scheme because the person was on leave without pay.

Ce is the total number of days in the period:

(a) commencing on the person’s entry date; and

(b) ending at the end of the date when the person became entitled, in the event of death, to the benefit provided in accordance with subsection 43 (6) of the SAS Act;

other than any day when the person was not required to make contributions to the SAS Scheme because the person was on leave without pay.

Division 7.3 Interests in the payment phase

9 Method for interests in SAS Scheme

For an interest:

(a) that is held by a person who is entitled to be paid a pension under the SAS scheme; and

(b) that is in the payment phase in the SAS Scheme;

the method set out in the following table is approved for section 4 of this instrument.

Method

where:

P is the amount of person’s annual pension at the relevant date.

PFy+m is the factor calculated in accordance with the formula:

where:

PFy is the valuation factor mentioned in whichever of Table 9 or 10 of Division 7.4 is applicable given:

(a) the person’s gender; and

(b) the person’s age in completed years (y) at the relevant date; and

m is the number of complete months of the person’s age that are not included in the person’s age in completed years at the relevant date.

PFy+1 is the valuation factor mentioned in whichever of Table 9 or 10 of Division 7.4 is applicable if the person’s age in completed years at the relevant date were 1 year more than it is.

Division 7.4 Factors

Table 1 Valuation factors — females who are under 18 years on entry to SAS Scheme
Employee’s age in completed years	Average rate of benefit point accrual (abpa)
Employee’s age in completed years	abpa 0.04	0.04< abpa <0.045	0.045abpa< 0.05	0.05abpa< 0.055	0.055abpa< 0.06	abpa=0.06
26	0.4285	0.4237	0.4048	0.3862	0.3687	0.3604
27	0.4414	0.4363	0.4162	0.3964	0.3777	0.3689
28	0.4547	0.4492	0.4279	0.4067	0.3868	0.3775
29	0.4683	0.4626	0.4398	0.4173	0.3961	0.3861
30	0.4825	0.4763	0.4520	0.4280	0.4055	0.3949
31	0.4969	0.4904	0.4646	0.4390	0.4150	0.4037
32	0.5105	0.5035	0.4762	0.4491	0.4235	0.4116
33	0.5243	0.5169	0.4880	0.4593	0.4323	0.4197
34	0.5383	0.5305	0.4999	0.4697	0.4413	0.4279
35	0.5524	0.5442	0.5121	0.4803	0.4504	0.4363
36	0.5667	0.5581	0.5244	0.4910	0.4596	0.4449
37	0.5812	0.5722	0.5370	0.5021	0.4692	0.4538
38	0.5960	0.5866	0.5498	0.5133	0.4789	0.4628
39	0.6110	0.6012	0.5628	0.5248	0.4890	0.4722
40	0.6263	0.6161	0.5761	0.5364	0.4991	0.4816
41	0.6416	0.6310	0.5893	0.5480	0.5092	0.4910
42	0.6571	0.6460	0.6026	0.5597	0.5193	0.5003
43	0.6727	0.6612	0.6160	0.5713	0.5292	0.5095
44	0.6886	0.6766	0.6295	0.5829	0.5390	0.5184
45	0.7047	0.6922	0.6431	0.5944	0.5487	0.5272
46	0.7210	0.7079	0.6566	0.6058	0.5580	0.5356
47	0.7375	0.7238	0.6701	0.6170	0.5670	0.5617
48	0.7541	0.7398	0.6835	0.6278	0.5882	0.5882
49	0.7708	0.7558	0.6967	0.6383	0.6154	0.6154
50	0.7877	0.7719	0.7098	0.6483	0.6431	0.6431
51	0.8047	0.7880	0.7226	0.6715	0.6715	0.6715
52	0.8216	0.8040	0.7348	0.7003	0.7003	0.7003
53	0.8385	0.8199	0.7466	0.7298	0.7298	0.7298
54	0.8555	0.8357	0.7600	0.7600	0.7600	0.7600
55	0.8726	0.8515	0.7913	0.7913	0.7913	0.7913
56	0.8898	0.8674	0.8239	0.8239	0.8239	0.8239
57	0.9072	0.8833	0.8577	0.8577	0.8577	0.8577
58	0.9252	0.8996	0.8935	0.8935	0.8935	0.8935
59	0.9316	0.9136	0.9136	0.9136	0.9136	0.9136
60	0.9424	0.9424	0.9424	0.9424	0.9424	0.9424
61	0.9501	0.9501	0.9501	0.9501	0.9501	0.9501
62	0.9576	0.9576	0.9576	0.9576	0.9576	0.9576
63	0.9681	0.9681	0.9681	0.9681	0.9681	0.9681
64	0.9836	0.9836	0.9836	0.9836	0.9836	0.9836
65 or more	1.0000	1.0000	1.0000	1.0000	1.0000	1.0000

Table 2 Valuation factors — males who are under 18 years on entry to SAS Scheme
Employee’s age in completed years	Average rate of benefit point accrual (abpa)
Employee’s age in completed years	abpa 0.04	0.04< abpa <0.045	0.045abpa< 0.05	0.05abpa< 0.055	0.055abpa< 0.06	abpa=0.06
26	0.4398	0.4337	0.4095	0.3868	0.3661	0.3565
27	0.4521	0.4457	0.4204	0.3965	0.3748	0.3648
28	0.4647	0.4579	0.4314	0.4064	0.3836	0.3731
29	0.4775	0.4705	0.4426	0.4164	0.3926	0.3816
30	0.4906	0.4832	0.4540	0.4266	0.4016	0.3900
31	0.5040	0.4963	0.4657	0.4370	0.4108	0.3987
32	0.5174	0.5093	0.4773	0.4472	0.4198	0.4071
33	0.5308	0.5223	0.4889	0.4574	0.4288	0.4155
34	0.5441	0.5353	0.5004	0.4676	0.4376	0.4238
35	0.5576	0.5484	0.5120	0.4777	0.4465	0.4321
36	0.5712	0.5616	0.5236	0.4879	0.4554	0.4404
37	0.5850	0.5750	0.5354	0.4983	0.4644	0.4487
38	0.5989	0.5884	0.5473	0.5086	0.4733	0.4570
39	0.6129	0.6021	0.5593	0.5190	0.4823	0.4654
40	0.6272	0.6159	0.5714	0.5296	0.4914	0.4738
41	0.6417	0.6300	0.5837	0.5403	0.5007	0.4824
42	0.6565	0.6443	0.5963	0.5511	0.5100	0.4910
43	0.6715	0.6589	0.6090	0.5621	0.5194	0.4996
44	0.6868	0.6737	0.6219	0.5731	0.5287	0.5082
45	0.7024	0.6887	0.6349	0.5842	0.5381	0.5168
46	0.7183	0.7040	0.6481	0.5954	0.5474	0.5252
47	0.7344	0.7196	0.6614	0.6066	0.5567	0.5514
48	0.7508	0.7354	0.6747	0.6176	0.5781	0.5781
49	0.7674	0.7513	0.6880	0.6284	0.6056	0.6056
50	0.7843	0.7675	0.7013	0.6391	0.6339	0.6339
51	0.8012	0.7836	0.7145	0.6629	0.6629	0.6629
52	0.8183	0.7999	0.7275	0.6927	0.6927	0.6927
53	0.8357	0.8164	0.7404	0.7235	0.7235	0.7235
54	0.8533	0.8330	0.7553	0.7553	0.7553	0.7553
55	0.8712	0.8499	0.7883	0.7883	0.7883	0.7883
56	0.8895	0.8670	0.8226	0.8226	0.8226	0.8226
57	0.9081	0.8844	0.8585	0.8585	0.8585	0.8585
58	0.9272	0.9021	0.8960	0.8960	0.8960	0.8960
59	0.9339	0.9166	0.9166	0.9166	0.9166	0.9166
60	0.9422	0.9422	0.9422	0.9422	0.9422	0.9422
61	0.9515	0.9515	0.9515	0.9515	0.9515	0.9515
62	0.9592	0.9592	0.9592	0.9592	0.9592	0.9592
63	0.9715	0.9715	0.9715	0.9715	0.9715	0.9715
64	0.9853	0.9853	0.9853	0.9853	0.9853	0.9853
65 or more	1.0000	1.0000	1.0000	1.0000	1.0000	1.0000

Table 3 Valuation factors — females who are 18 to 22 years on entry to SAS Scheme
Employee’s age in completed years	Average rate of benefit point accrual (abpa)
Employee’s age in completed years	abpa  0.045	0.045<abpa< 0.05	0.05abpa< 0.055	0.055abpa< 0.06	abpa=0.06
26	0.4098	0.4028	0.3858	0.3693	0.3615
27	0.4243	0.4168	0.3987	0.3812	0.3728
28	0.4396	0.4317	0.4124	0.3937	0.3848
29	0.4557	0.4473	0.4267	0.4068	0.3973
30	0.4729	0.4638	0.4419	0.4207	0.4107
31	0.4881	0.4784	0.4551	0.4325	0.4218
32	0.5022	0.4919	0.4672	0.4432	0.4319
33	0.5165	0.5057	0.4795	0.4542	0.4421
34	0.5309	0.5195	0.4919	0.4652	0.4525
35	0.5455	0.5335	0.5045	0.4764	0.4631
36	0.5603	0.5477	0.5172	0.4878	0.4738
37	0.5752	0.5621	0.5302	0.4994	0.4847
38	0.5904	0.5767	0.5433	0.5111	0.4958
39	0.6058	0.5915	0.5568	0.5232	0.5072
40	0.6214	0.6065	0.5703	0.5353	0.5187
41	0.6370	0.6215	0.5838	0.5474	0.5300
42	0.6528	0.6366	0.5974	0.5595	0.5414
43	0.6688	0.6520	0.6111	0.5716	0.5528
44	0.6850	0.6674	0.6249	0.5837	0.5641
45	0.7014	0.6831	0.6387	0.5958	0.5753
46	0.7180	0.6990	0.6526	0.6077	0.5863
47	0.7348	0.7149	0.6664	0.6195	0.5971
48	0.7518	0.7309	0.6801	0.6309	0.6074
49	0.7689	0.7470	0.6936	0.6420	0.6174
50	0.7861	0.7631	0.7070	0.6527	0.6268
51	0.8035	0.7792	0.7201	0.6629	0.6567
52	0.8208	0.7951	0.7326	0.6871	0.6871
53	0.8380	0.8109	0.7446	0.7182	0.7182
54	0.8552	0.8264	0.7561	0.7501	0.7501
55	0.8725	0.8418	0.7830	0.7830	0.7830
56	0.8898	0.8571	0.8172	0.8172	0.8172
57	0.9072	0.8723	0.8528	0.8528	0.8528
58	0.9252	0.8903	0.8903	0.8903	0.8903
59	0.9316	0.9119	0.9119	0.9119	0.9119
60	0.9424	0.9424	0.9424	0.9424	0.9424
61	0.9501	0.9501	0.9501	0.9501	0.9501
62	0.9576	0.9576	0.9576	0.9576	0.9576
63	0.9681	0.9681	0.9681	0.9681	0.9681
64	0.9836	0.9836	0.9836	0.9836	0.9836
65 or more	1.0000	1.0000	1.0000	1.0000	1.0000

Table 4 Valuation factors — males who are 18 to 22 years on entry to SAS Scheme
Employee’s age in completed years	Average rate of benefit point accrual (abpa)
Employee’s age in completed years	abpa  0.045	0.045<abpa< 0.05	0.05abpa< 0.055	0.055abpa< 0.06	abpa=0.06
26	0.4278	0.4188	0.3970	0.3767	0.3673
27	0.4412	0.4318	0.4089	0.3877	0.3777
28	0.4550	0.4452	0.4211	0.3989	0.3885
29	0.4694	0.4590	0.4339	0.4106	0.3997
30	0.4843	0.4734	0.4470	0.4226	0.4112
31	0.4981	0.4867	0.4591	0.4335	0.4216
32	0.5119	0.4999	0.4710	0.4442	0.4318
33	0.5256	0.5131	0.4829	0.4549	0.4419
34	0.5393	0.5263	0.4947	0.4655	0.4519
35	0.5531	0.5395	0.5066	0.4761	0.4619
36	0.5671	0.5529	0.5186	0.4868	0.4720
37	0.5811	0.5664	0.5306	0.4975	0.4821
38	0.5953	0.5799	0.5427	0.5082	0.4922
39	0.6096	0.5936	0.5549	0.5191	0.5024
40	0.6241	0.6075	0.5673	0.5300	0.5126
41	0.6388	0.6216	0.5798	0.5411	0.5230
42	0.6538	0.6359	0.5925	0.5523	0.5336
43	0.6690	0.6505	0.6054	0.5636	0.5441
44	0.6845	0.6652	0.6184	0.5750	0.5548
45	0.7003	0.6803	0.6316	0.5865	0.5655
46	0.7164	0.6956	0.6449	0.5980	0.5762
47	0.7328	0.7111	0.6584	0.6096	0.5869
48	0.7494	0.7268	0.6719	0.6211	0.5973
49	0.7662	0.7427	0.6854	0.6324	0.6076
50	0.7833	0.7587	0.6989	0.6435	0.6176
51	0.8005	0.7747	0.7122	0.6542	0.6481
52	0.8178	0.7909	0.7253	0.6794	0.6794
53	0.8353	0.8071	0.7383	0.7117	0.7117
54	0.8531	0.8234	0.7511	0.7451	0.7451
55	0.8711	0.8399	0.7798	0.7798	0.7798
56	0.8894	0.8565	0.8158	0.8158	0.8158
57	0.9081	0.8734	0.8535	0.8535	0.8535
58	0.9272	0.8929	0.8929	0.8929	0.8929
59	0.9339	0.9149	0.9149	0.9149	0.9149
60	0.9422	0.9422	0.9422	0.9422	0.9422
61	0.9515	0.9515	0.9515	0.9515	0.9515
62	0.9592	0.9592	0.9592	0.9592	0.9592
63	0.9715	0.9715	0.9715	0.9715	0.9715
64	0.9853	0.9853	0.9853	0.9853	0.9853
65 or more	1.0000	1.0000	1.0000	1.0000	1.0000

Table 5 Valuation factors — females who are 23 to 27 years on entry to SAS Scheme
Employee’s age in completed years	Average rate of benefit point accrual (abpa)
Employee’s age in completed years	abpa< 0.05	0.05abpa< 0.055	0.055abpa< 0.06	abpa=0.06
30	0.4562	0.4531	0.4355	0.4262
31	0.4731	0.4697	0.4509	0.4411
32	0.4888	0.4853	0.4653	0.4549
33	0.5049	0.5012	0.4801	0.4690
34	0.5212	0.5173	0.4950	0.4834
35	0.5378	0.5336	0.5102	0.4981
36	0.5531	0.5486	0.5241	0.5114
37	0.5685	0.5639	0.5382	0.5248
38	0.5841	0.5793	0.5524	0.5385
39	0.5999	0.5949	0.5669	0.5523
40	0.6160	0.6107	0.5816	0.5664
41	0.6319	0.6264	0.5961	0.5803
42	0.6480	0.6423	0.6107	0.5943
43	0.6643	0.6584	0.6255	0.6084
44	0.6808	0.6747	0.6404	0.6225
45	0.6977	0.6913	0.6555	0.6368
46	0.7147	0.7080	0.6706	0.6511
47	0.7319	0.7249	0.6858	0.6654
48	0.7492	0.7419	0.7010	0.6796
49	0.7667	0.7591	0.7161	0.6936
50	0.7844	0.7764	0.7312	0.7075
51	0.8022	0.7938	0.7461	0.7212
52	0.8199	0.8109	0.7606	0.7342
53	0.8375	0.8280	0.7746	0.7468
54	0.8549	0.8449	0.7882	0.7586
55	0.8724	0.8617	0.8014	0.7700
56	0.8898	0.8784	0.8142	0.8067
57	0.9072	0.8951	0.8449	0.8449
58	0.9252	0.9122	0.8853	0.8853
59	0.9316	0.9155	0.9090	0.9090
60	0.9424	0.9424	0.9424	0.9424
61	0.9501	0.9501	0.9501	0.9501
62	0.9576	0.9576	0.9576	0.9576
63	0.9681	0.9681	0.9681	0.9681
64	0.9836	0.9836	0.9836	0.9836
65 or more	1.0000	1.0000	1.0000	1.0000

Table 6 Valuation factors — males who are 23 to 27 years on entry to SAS Scheme
Employee’s age in completed years	Average rate of benefit point accrual (abpa)
Employee’s age in completed years	abpa< 0.05	0.05abpa< 0.055	0.055abpa< 0.06	abpa=0.06
30	0.4735	0.4698	0.4482	0.4372
31	0.4883	0.4844	0.4619	0.4503
32	0.5032	0.4991	0.4755	0.4634
33	0.5181	0.5138	0.4892	0.4765
34	0.5330	0.5286	0.5028	0.4896
35	0.5481	0.5434	0.5166	0.5028
36	0.5624	0.5575	0.5295	0.5152
37	0.5768	0.5717	0.5425	0.5276
38	0.5912	0.5859	0.5556	0.5400
39	0.6058	0.6004	0.5688	0.5526
40	0.6206	0.6149	0.5820	0.5652
41	0.6355	0.6296	0.5955	0.5780
42	0.6508	0.6446	0.6092	0.5910
43	0.6662	0.6599	0.6231	0.6042
44	0.6820	0.6754	0.6371	0.6175
45	0.6980	0.6912	0.6514	0.6310
46	0.7143	0.7072	0.6659	0.6447
47	0.7310	0.7235	0.6805	0.6585
48	0.7478	0.7401	0.6953	0.6723
49	0.7649	0.7569	0.7101	0.6861
50	0.7823	0.7739	0.7250	0.7000
51	0.7997	0.7909	0.7398	0.7136
52	0.8172	0.8080	0.7545	0.7270
53	0.8349	0.8253	0.7692	0.7403
54	0.8528	0.8427	0.7837	0.7534
55	0.8710	0.8603	0.7983	0.7664
56	0.8894	0.8782	0.8128	0.8051
57	0.9081	0.8963	0.8456	0.8456
58	0.9272	0.9147	0.8880	0.8880
59	0.9339	0.9184	0.9122	0.9122
60	0.9422	0.9422	0.9422	0.9422
61	0.9515	0.9515	0.9515	0.9515
62	0.9592	0.9592	0.9592	0.9592
63	0.9715	0.9715	0.9715	0.9715
64	0.9853	0.9853	0.9853	0.9853
65 or more	1.0000	1.0000	1.0000	1.0000

Table 7 Valuation factors — employees who are 28 years or more on entry to SAS Scheme
Employee’s age in completed years	Males	Females
35	0.5413	0.5275
36	0.5562	0.5437
37	0.5713	0.5602
38	0.5865	0.5768
39	0.6019	0.5938
40	0.6173	0.6111
41	0.6325	0.6273
42	0.6479	0.6437
43	0.6636	0.6603
44	0.6796	0.6772
45	0.6958	0.6943
46	0.7123	0.7117
47	0.7292	0.7292
48	0.7463	0.7470
49	0.7636	0.7648
50	0.7813	0.7829
51	0.7989	0.8011
52	0.8166	0.8191
53	0.8345	0.8370
54	0.8526	0.8547
55	0.8709	0.8723
56	0.8894	0.8898
57	0.9081	0.9072
58	0.9272	0.9252
59	0.9339	0.9316
60	0.9422	0.9424
61	0.9515	0.9501
62	0.9592	0.9576
63	0.9715	0.9681
64	0.9853	0.9836
65 or more	1.0000	1.0000

Table 8 Valuation factors — deferred beneficiaries
Period of time until early retirement age (in completed years)	Factor
30	0.762
29	0.769
28	0.776
27	0.783
26	0.791
25	0.798
24	0.805
23	0.812
22	0.820
21	0.827
20	0.835
19	0.842
18	0.850
17	0.858
16	0.865
15	0.873
14	0.881
13	0.889
12	0.897
11	0.905
10	0.914
9	0.922
8	0.930
7	0.939
6	0.947
5	0.956
4	0.964
3	0.973
2	0.982
1	0.991
0	1.000

Table 9 Valuation factors — male pensioners
Pensioner’s age in completed years	Type of pension
Pensioner’s age in completed years	Age retirement pension	Invalid pension	Reversionary pension
25	23.21	21.80	23.01
26	23.09	21.68	22.89
27	22.97	21.56	22.77
28	22.85	21.43	22.63
29	22.72	21.29	22.50
30	22.59	21.15	22.36
31	22.45	21.00	22.21
32	22.31	20.84	22.06
33	22.16	20.69	21.90
34	22.01	20.53	21.73
35	21.85	20.37	21.56
36	21.68	20.20	21.39
37	21.51	20.02	21.20
38	21.33	19.83	21.01
39	21.14	19.65	20.81
40	20.95	19.45	20.60
41	20.73	19.23	20.39
42	20.51	19.01	20.16
43	20.28	18.77	19.93
44	20.04	18.54	19.69
45	19.78	18.29	19.44
46	19.47	17.96	19.18
47	19.14	17.63	18.91
48	18.80	17.29	18.62
49	18.44	16.96	18.33
50	18.08	16.63	18.03
51	17.71	16.31	17.71
52	17.38	16.05	17.38
53	17.04	15.79	17.04
54	16.69	15.52	16.69
55	16.32	15.25	16.32
56	15.98	14.97	15.98
57	15.63	14.68	15.63
58	15.26	14.38	15.26
59	14.89	14.08	14.89
60	14.50	13.77	14.50
61	14.11	13.45	14.11
62	13.70	13.12	13.70
63	13.29	12.78	13.29
64	12.86	12.44	12.86
65	12.42	12.10	12.42
66	11.98	11.74	11.98
67	11.52	11.38	11.52
68	11.05	11.01	11.05
69	10.57	10.63	10.57
70	10.07	10.26	10.07
71	9.56	9.88	9.56
72	9.07	9.51	9.07
73	8.60	9.13	8.60
74	8.15	8.75	8.15
75	7.72	8.37	7.72
76	7.32	7.99	7.32
77	6.94	7.61	6.94
78	6.58	7.24	6.58
79	6.24	6.87	6.24
80	5.92	6.51	5.92
81	5.62	6.16	5.62
82	5.34	5.82	5.34
83	5.06	5.49	5.06
84	4.79	5.18	4.79
85	4.54	4.89	4.54
86	4.29	4.61	4.29
87	4.06	4.33	4.06
88	3.84	4.07	3.84
89	3.63	3.82	3.63
90	3.44	3.57	3.44
91	3.25	3.34	3.25
92	3.07	3.11	3.07
93	2.90	2.91	2.90
94	2.73	2.72	2.73
95	2.56	2.54	2.56
96	2.40	2.38	2.40
97	2.25	2.24	2.25
98	2.10	2.10	2.10
99 or more	1.97	1.97	1.97

Table 10 Valuation factors — female pensioners
Pensioner’s age in completed years	Type of pension
Pensioner’s age in completed years	Age retirement pension	Invalid pension	Reversionary pension
25	23.42	22.16	23.37
26	23.31	22.02	23.26
27	23.20	21.88	23.15
28	23.09	21.73	23.03
29	22.97	21.58	22.91
30	22.85	21.43	22.79
31	22.72	21.27	22.66
32	22.59	21.10	22.52
33	22.45	20.93	22.38
34	22.31	20.76	22.24
35	22.16	20.58	22.08
36	22.00	20.40	21.93
37	21.84	20.21	21.76
38	21.68	20.01	21.59
39	21.50	19.82	21.42
40	21.32	19.61	21.23
41	21.09	19.30	21.04
42	20.86	18.99	20.84
43	20.65	18.76	20.64
44	20.44	18.53	20.42
45	20.22	18.30	20.20
46	19.98	18.06	19.97
47	19.74	17.83	19.73
48	19.49	17.59	19.48
49	19.23	17.35	19.22
50	18.96	17.10	18.95
51	18.67	16.84	18.67
52	18.38	16.60	18.38
53	18.08	16.35	18.08
54	17.77	16.10	17.77
55	17.44	15.85	17.44
56	17.13	15.60	17.13
57	16.80	15.34	16.80
58	16.47	15.08	16.47
59	16.13	14.82	16.13
60	15.79	14.55	15.79
61	15.44	14.28	15.44
62	15.07	14.01	15.07
63	14.70	13.73	14.70
64	14.31	13.44	14.31
65	13.92	13.14	13.92
66	13.51	12.84	13.51
67	13.10	12.53	13.10
68	12.67	12.21	12.67
69	12.24	11.89	12.24
70	11.80	11.57	11.80
71	11.36	11.24	11.36
72	10.92	10.90	10.92
73	10.49	10.56	10.49
74	10.06	10.22	10.06
75	9.63	9.86	9.63
76	9.22	9.51	9.22
77	8.81	9.14	8.81
78	8.41	8.76	8.41
79	8.01	8.36	8.01
80	7.62	7.96	7.62
81	7.24	7.55	7.24
82	6.87	7.15	6.87
83	6.50	6.75	6.50
84	6.15	6.35	6.15
85	5.80	5.97	5.80
86	5.47	5.60	5.47
87	5.15	5.25	5.15
88	4.85	4.91	4.85
89	4.57	4.60	4.57
90	4.31	4.31	4.31
91	4.07	4.05	4.07
92	3.84	3.80	3.84
93	3.63	3.57	3.63
94	3.41	3.35	3.41
95	3.22	3.14	3.22
96	3.04	2.93	3.04
97	2.87	2.72	2.87
98	2.72	2.50	2.72
99 or more	2.58	2.26	2.58

Part 9 NSW State Authorities Non‑contributory Superannuation Scheme

1 Definitions

(1) In this Part:

eligible service, in relation to an employee, means the eligible service determined to have accrued in relation to the employee in accordance with clause 5 of the SANCS Regulation.

fraction of a year means the quotient of the number of days of the period of service in the year and 365.

SANCS Act means the State Authorities Non‑contributory Superannuation Act 1987 (NSW).

SANCS Regulation means the State Authorities Non‑contributory Superannuation Regulation 2005 (NSW).

SANCS scheme means the superannuation scheme established by the SANCS Act.

(3) An expression used in this Part and in the SANCS Act or in a provision of that Act has the same meaning in this Part as it has in the SANCS Act or the provision of that Act.

Note 1 The following expressions are defined in section 3 of the SANCS Act:

 Commonwealth co‑contribution account

 employee

 STC.

Note 2 Final average salary is defined in section 21 of the SANCS Act.

2 Methods for interests in SANCS scheme

For an interest that:

(a) is in the growth phase in the SANCS scheme; and

(b) is mentioned in an item in the following table;

the method mentioned in the item is approved for section 4 of this instrument.

Item	Interest	Method
1	An interest held by an employee	where: C is the number of years, and any fraction of a year, of eligible service accrued by the person at the relevant date. B is the number of years, and any fraction of a year, of eligible service accrued by the person in the period commencing on 1 July 1988 and ending at the end of the relevant date.
		FAS is the amount that would have been the person’s final average salary if the person had ceased to be an employee at the relevant date.
		Fy+m is the factor calculated in accordance with the formula: where: Fy is the valuation factor mentioned in Table 1 in this Part that applies, given the person’s gender and age in completed years at the relevant date.
		m is the number of complete months of the person’s age that are not included in the person’s age in completed years at the relevant date. Fy+1 is the valuation factor mentioned in Table 1 in this Part that would apply to the person if the person’s age in completed years at the relevant date were 1 year more than it is.
		R is: (a) if the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlement of only one spouse of the person, being an entitlement arising under a particular superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest — the amount (the reduction factor) calculated in accordance with the formula: where: NMProp is the quotient of: (i) the value of the spouse’s entitlement under the agreement or order immediately before the time when the requirements of Division 2.2 of the Regulations were satisfied; and (ii) the gross value of the person’s interest, immediately before those requirements were satisfied, determined in accordance with the method set out in this item.
		ESProp is the quotient of: (i) the sum of: (A) the number of days, and any additional proportion of a day, of eligible service of the person before 1 July 1988; and (B) 85% of the number of days, and any additional proportion of a day, of eligible service of the person on and after 1 July 1988; at the time when the requirements of Division 2.2 of the Regulations were satisfied; and (ii) the sum of: (A) the number of days, and any additional proportion of a day, of eligible service of the person before 1 July 1988; and (B) 85% of the number of days, and any additional proportion of a day, of eligible service of the person on and after 1 July 1988; at the relevant date; or
		(b) if the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlements of 2 or more spouses of the person, being entitlements each arising under a superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest — the product of the reduction factors, calculated in accordance with paragraph (a), in respect of each entitlement; or
		(c) in any other case — 1.
		CCB is the sum of: (a) the balance of the person’s Commonwealth co‑contribution account at the relevant date; and (b) the amount of adjustment (if any) that STC would make to that account under section 11 of the SANCS Act if the person had voluntarily ceased to be an employee at the relevant date.
2	An interest held by a person if: (a) the person has ceased to be an employee; and (b) all or part of the person’s benefit in respect of the interest is preserved under section 24 of the SANCS Act	where: A is the amount of the benefit in respect of the person that would have been payable to, or in respect of, the person if that benefit had been payable under section 23 of the SANCS Act at the relevant date. SC is the amount (if any) calculated by STC in accordance with subsection 26A (1) of the SANCS Act.

Table 1 Valuation factors
Age in completed years	Males	Females
26	0.6424	0.6917
27	0.6435	0.6878
28	0.6446	0.6841
29	0.6459	0.6809
30	0.6473	0.6781
31	0.6490	0.6760
32	0.6509	0.6750
33	0.6534	0.6753
34	0.6565	0.6767
35	0.6603	0.6792
36	0.6647	0.6828
37	0.6698	0.6875
38	0.6757	0.6933
39	0.6823	0.7001
40	0.6897	0.7077
41	0.6978	0.7162
42	0.7066	0.7252
43	0.7161	0.7349
44	0.7262	0.7450
45	0.7370	0.7557
46	0.7484	0.7670
47	0.7604	0.7785
48	0.7731	0.7905
49	0.7863	0.8029
50	0.8000	0.8156
51	0.8140	0.8286
52	0.8286	0.8423
53	0.8438	0.8567
54	0.8596	0.8717
55	0.8760	0.8873
56	0.8891	0.8940
57	0.9036	0.9084
58	0.9180	0.9230
59	0.9279	0.9286
60	0.9370	0.9373
61	0.9357	0.9427
62	0.9437	0.9486
63	0.9565	0.9559
64	0.9697	0.9666
65	0.9777	0.9777
66	0.9784	0.9784
67	0.9797	0.9797
68	0.9825	0.9825
69	0.9883	0.9883
70 or more	1.0000	1.0000

Schedule 3 Public sector superannuation plans — Victoria

(section 4)

Part 1 Superannuation scheme established by the State Superannuation Act 1988 (Vic) — new scheme members

Division 1.1 Definitions

1 Definitions

In this Part:

new scheme member has the same meaning as in section 3 of the SS Act, and includes a deferred beneficiary from the new scheme within the State Superannuation Fund of Victoria.

Portability Act means the Superannuation (Portability) Act 1989 (Vic).

PSME Act means the Public Sector Management and Employment Act 1998 (Vic).

SS Act means the State Superannuation Act 1988 (Vic).

SS Fund means the superannuation fund continued under subsection 16 (1) of the SS Act and renamed ‘the State Superannuation Fund’.

Division 1.2 Interests in the growth phase

2 Methods and factors for interests of new scheme members in SS Fund

For an interest, or a component of an interest, that is in the growth phase of a new scheme member in the SS Fund mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.

Item	Interest in the growth phase	Method or factor
1	The component of an interest that a person who has resigned has as a new scheme member in the SS Fund, being the component consisting of the deferred benefit under paragraph 58 (1) (b) of the SS Act.	The amount of the lump sum to which the person would be entitled if he or she were to convert the deferred benefit to which he or she is entitled under paragraph 58 (1) (b) of the SS Act to a present lump sum under subsection 58 (4) of that Act, adjusted as required by the SS Act.
2	An interest, or a component of an interest, that a person who has become an exempt officer has as a new scheme member in the SS Fund, consisting of a deferred lump sum under subsection 61A (2) of the SS Act.	The amount of the lump sum to which the person is entitled if he or she converted his or her entitlement to a deferred lump sum under subsection 61A (2) of the SS Act to a present lump sum under subsection 61A (5) of the SS Act, adjusted as required by the SS Act.
3	The component of an interest that a person, who became eligible to be a member of 1 of the schemes listed below and under subsection 69 (3) of the SS Act elected to cease to contribute, has under subsection 69 (4) or (5) of the SS Act as a new scheme member in the SS Fund, being the component consisting of a deferred lump sum that the person is entitled to receive under subsection 69 (4) or (5) of the SS Act. Schemes Transport Superannuation Fund Hospitals Superannuation Fund Local Authorities Superannuation Fund Emergency Services Superannuation Fund State Casual Employees Superannuation Fund Melbourne and Metropolitan Board of Works Superannuation Fund Gas and Fuel Corporation of Victoria Superannuation Fund State Electricity Commission Superannuation Fund Superannuation Schemes For Australian Universities GIO Personal Superannuation Fund GIO Staff Superannuation Plan	The amount of the lump sum to which the person is entitled if he or she converted his or her entitlement to the deferred retirement benefit under subsection 69 (4) or (5) of the SS Act to a present lump sum under subsection 69 (4A) of the SS Act, adjusted as required by the SS Act.
4	The component of an interest that a person: (a) whose employment has been terminated under section 33 of the PSME Act or under subsection 81A (6) or (7) of the Public Sector Management Act 1992 (Vic); and (b) who has elected to receive a deferred retirement benefit under paragraph 69B (3) (b) of the SS Act; has as a new scheme member in the SS Fund, being the component consisting of the deferred retirement benefit that the person has elected to receive under paragraph 69B (3) (b) of the SS Act.	The amount of the lump sum to which the person would be entitled if he or she were to convert the deferred retirement benefit under paragraph 69B (3) (b) of the SS Act to a present lump sum under subsection 61A (5) of the SS Act, adjusted as required by the SS Act.
5	The component of an interest that a person: (a) whose employment has been terminated under section 33 of the PSME Act or under subsection 81A (6) or (7) of the Public Sector Management Act 1992 (Vic); and (b) who has not elected to receive a deferred retirement benefit under paragraph 69B (3) (b) of the SS Act; has as a new scheme member in the SS Fund, being the component consisting of a deferred lump sum to which the person is entitled under subsection 61A (2) of the SS Act.	The amount of lump sum to which the person would be entitled if he or she were to convert his or her entitlement to a deferred lump sum under subsection 61A (2) of the SS Act to a present lump sum under subsection 61A (5) of the SS Act, adjusted as required by the SS Act.
6	An interest, or a component of an interest, that a person who: (a) on a change of his or her employment is entitled to a deferred retirement benefit under the Portability Act; and (b) has not made an election under subsection 7 (7) of the Portability Act; has as a new scheme member in the SS Fund, consisting of the deferred retirement benefit to which the person is entitled under the Portability Act.	The amount of the lump sum to which the person would be entitled if he or she were to convert his or her deferred retirement benefit determined under section 6 of the Portability Act at the relevant date to a present lump sum under subsection 5 (2A) of the Portability Act, adjusted as required by the SS Act or the Portability Act.
7	The component of the interest that a person who: (a) becoming entitled on a change to his or her employment to a deferred retirement benefit under the Portability Act; (b) subsequently terminated his or her employment prior to attaining the minimum age for retirement on a ground other than disability or death and elected a benefit under subsection 7 (7) of the Portability Act; has as a new scheme member in the SS Fund, being the component consisting of the deferred retirement benefit to which the person is entitled under paragraph 7 (7) (b) of the Portability Act.	The amount of the lump sum to which the person would be entitled if he or she were to convert his or her deferred retirement benefit determined under paragraph 7 (7) (b) of the Portability Act at the relevant date to a present lump sum under subsection 7 (7A) of the Portability Act, adjusted as required by the SS Act or the Portability Act.

Division 1.3 Interests in the payment phase

3 Methods and factors for interests of new scheme members in SS Fund

For an interest that is in the payment phase of a new scheme member of the SS Fund mentioned in an item in the following table, the method or factor mentioned in that item is approved for section 4 of this instrument.

Item	Interest in the payment phase	Method or factor
1	An interest that a person who has retired on the ground of disability has as a new scheme member in the SS Fund.	The method set out in clause 2 of Schedule 4 to the Regulations for determining the gross value of a pension that is indexed in accordance with the consumer price index, with the modification that the term ‘r’ in subclause 2 (1) is taken to be zero.

Part 2 Superannuation scheme established by the State Superannuation Act 1988 (Vic) — revised scheme members

1 Definitions

In this Part:

new scheme has the same meaning as in subsection 61 (1) of the SS Act.

Portability Act means the Superannuation (Portability) Act 1989 (Vic).

PSME Act means the Public Sector Management and Employment Act 1998 (Vic).

revised scheme member has the same meaning as in section 3 of the SS Act, and includes a deferred beneficiary from the revised scheme within the State Superannuation Fund of Victoria.

SS Act means the State Superannuation Act 1988 (Vic).

SS Fund means the superannuation fund continued under subsection 16 (1) of the SS Act and renamed ‘the State Superannuation Fund’.

Transport Superannuation Fund means the Transport Superannuation Fund of Victoria merged into the State Superannuation Fund of Victoria under section 16AA of the SS Act.

TS Act means the Transport Superannuation Act 1989 (Vic).

Victorian GSO means the Victorian Government Superannuation Office.

2 Methods and factors for interests of revised scheme members in SS Fund

For an interest that is in the growth phase of a revised scheme member in the SS Fund mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as a revised scheme member in the SS Fund, other than where he or she has: (a) retired (including on the grounds of disability); or (b) resigned; or (c) been retrenched; or (d) before attaining the minimum age for retirement, ceased to be an officer after not being reappointed as a statutory officer; or (e) become an exempt officer within the meaning in subsection 3 (1) of the SS Act; or (f) following a change in his or her employment, an entitlement to a deferred retirement benefit under the Portability Act; or (g) elected to transfer to the new scheme under subsection 61 (1) of the SS Act or to the Transport Superannuation Fund under section 4 of the TS Act; or (h) has had his or her employment terminated under section 33 of the PSME Act or under subsection 81A (6) or (7) of the Public Sector Management Act 1992 (Vic).	If the person has not attained the minimum age for retirement — the greatest lump sum that would be available for the person to transfer to another complying superannuation fund at the relevant date, on the person’s resignation or retrenchment under the SS Act, if no deduction had been made in respect of the person’s surcharge debt under subsection 71C (4) of the SS Act. If the person has attained the minimum age for retirement — the greatest lump sum that would be available for the person to transfer to another complying superannuation fund at the relevant date, on the person’s retirement through age under the SS Act, if no deduction had been made in respect of the person’s surcharge debt under subsection 71C (4) of the SS Act.
	For this item, a member shall not be taken to have been retrenched or to have resigned or retired until they have applied for the relevant benefit and satisfied the requirements of the Victorian GSO to establish their entitlement.
2	The component of an interest that a person, who has resigned and elected to receive a cash benefit and a deferred pension under paragraph 46 (1) (a) of the SS Act, has as a revised scheme member in the SS Fund, being the component consisting of the deferred pension that the person has elected to receive under paragraph 46 (1) (a) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under paragraph 46 (1) (a) of the SS Act at the relevant date, adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
3	The component of an interest that a person, who has resigned and elected to receive a cash benefit and a deferred pension under paragraph 46 (1) (b) of the SS Act, has as a revised scheme member in the SS Fund, being the component consisting of the deferred pension that the person has elected to receive under paragraph 46 (1) (b) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under paragraph 46 (1) (b) of the SS Act at the relevant date, adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
4	The component of an interest that a person, who has resigned and elected to receive a cash benefit and a deferred pension under subsection 46 (3) of the SS Act, has as a revised scheme member in the SS Fund, being the component consisting of the deferred pension that the person has elected to receive under subsection 46 (3) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under subsection 46 (3) of the SS Act at the relevant date, adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
5	An interest, or a component of an interest, that a person, who has been retrenched and elected to receive a deferred pension under paragraph 44 (1) (b) of the SS Act or who is determined to be entitled to a deferred pension under subsection 44 (2) of the SS Act, has as a revised scheme member in the SS Fund, consisting of the deferred pension that the person is entitled to receive under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act at the relevant date, adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
6	An interest, or a component of an interest, that a person has as a revised scheme member in the SS Fund if the person was appointed for a term of years to a statutory office and before attaining the minimum age for retirement ceases to be an officer on not being re‑appointed to that statutory office, and has elected to receive a deferred pension under paragraph 44 (1) (b) of the SS Act or who is determined to be entitled to a deferred pension under subsection 44 (2) of the SS Act, consisting of the deferred pension that the person is entitled to receive under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
7	An interest, or a component of an interest, that a person who has become an exempt officer has as a revised scheme member in the SS Fund, consisting of the deferred pension that the person is entitled to receive under subsection 61A (1) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under subsection 61A (1) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
8	An interest, or a component of an interest, that a person, who following a change in his or her employment, is entitled to a deferred retirement benefit under subsection 5 (1) of the Portability Act and has not made an election under subsection 7 (7) of the Portability Act, has as a revised scheme member in the SS Fund, consisting of the deferred pension that the person is entitled to receive under the Portability Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the pension that is the person’s deferred retirement benefit determined under section 6 of the Portability Act at the relevant date adjusted under subsection 7 (6) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act or the Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
9	The component of an interest that a person who, becoming entitled on a change to his or her employment to a deferred retirement benefit under the Portability Act, subsequently terminated his or her employment prior to attaining the minimum age for retirement on a ground other than disability or death and elected a benefit under subsection 7 (7) of the Portability Act, has as a revised scheme member in the SS Fund, being the component consisting of the deferred pension that the person is entitled to receive under the Portability Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the pension that is the person’s deferred retirement benefit determined under paragraph 7 (7) (b) of the Portability Act at the relevant date adjusted under subsection 7 (6) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act or the Portability Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
10	The component of an interest that a person, who: (a) has elected under subsection 61 (1) of the SS Act to transfer from the revised scheme into the new scheme; and (b) has elected under subsection 61 (2A) of the SS Act to receive a cash benefit and a reduced deferred pension; has as a revised scheme member in the SS Fund, being the component consisting of the reduced deferred pension.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under subsection 61 (2A) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
11	An interest, or a component of an interest, that a person: (a) who has elected under subsection 61 (1) of the SS Act to transfer from the revised scheme into the new scheme; and (b) who is subsequently retrenched and under the operation of subsection 61 (9) of the SS Act is entitled to receive a deferred pension under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act; has as a revised scheme member in the SS Fund, consisting of the deferred pension or the deferred benefit to which the person is entitled under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
12	The component of an interest that a person, who has elected under subsection 61 (1) of the SS Act to transfer from the revised scheme into the new scheme but has not been subsequently retrenched and has not made an election under subsection 61 (2A) of the SS Act, has as a revised scheme member in the SS Fund, being the component consisting of the deferred pension to which the person is entitled under subsection 61 (2) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under subsection 61 (2) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
13	The component of an interest that a person, who: (a) has elected under subsection 61 (5) of the SS Act to transfer from the revised scheme into the Transport Superannuation Fund; and (b) has elected under paragraph 61 (5) (b) of the SS Act to receive a cash benefit and a reduced deferred pension; had as a revised scheme member in the SS Fund, being the component consisting of the reduced deferred pension.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under paragraph 61 (5) (b) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
14	An interest, or a component of an interest, that a person: (a) who has elected under subsection 61 (1) of the SS Act to transfer from the revised scheme into the Transport Superannuation Fund; and (b) who is subsequently retrenched and under the operation of subsection 61 (10) of the SS Act elects to receive a deferred pension under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act; has as a revised scheme member in the SS Fund, consisting of the deferred pension to which the person is entitled under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under paragraph 44 (1) (b) or subsection 44 (2) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
15	A component of an interest that a person, who has elected under subsection 61 (5) of SS Act to transfer from the revised scheme into the Transport Superannuation Fund but has not been subsequently retrenched and has not made an election under paragraph 61 (5) (b) of the SS Act, has as a revised scheme member in the SS Fund, being the component consisting of the deferred pension to which the person is entitled under paragraph 61 (5) (a) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under paragraph 61 (5) (a) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
16	The component of an interest that a person, who became eligible to be a member of 1 of the schemes listed below and under subsection 69 (3) of the SS Act elected to cease to be a contributor, has under subsection 69 (4) or (5) of that Act as a revised scheme member in the SS Fund, being the component consisting of the deferred pension that the person is entitled to receive under subsection 69 (4) or (5) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under subsection 69 (4) or (5) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation
	Schemes Transport Superannuation Fund Hospitals Superannuation Fund Local Authorities Superannuation Fund Emergency Services Superannuation Fund State Casual Employees Superannuation Fund Melbourne and Metropolitan Board of Works Superannuation Fund Gas and Fuel Corporation of Victoria Superannuation Fund	factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1. PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those
	State Electricity Commission Superannuation Fund Superannuation Schemes For Australian Universities GIO Personal Superannuation Fund GIO Staff Superannuation Plan	Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
17	The component of an interest that a person: (a) whose employment has been terminated under section 33 of the PSME Act or under subsection 81A (6) or (7) of the Public Sector Management Act 1992 (Vic); and (b) who has elected to receive a deferred retirement benefit under paragraph 69B (3) (b) of the SS Act; has as a revised scheme member in the SS Fund, being the component consisting of the deferred retirement benefit that the person has elected to receive under paragraph 69B (3) (b) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred retirement benefit under paragraph 69B (3) (b) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table
		in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
18	The component of an interest that a person: (a) whose employment has been terminated under section 33 of the PSME Act or under subsection 81A (6) or (7) of the Public Sector Management Act 1992 (Vic); and (b) who has not elected to receive a deferred retirement benefit under paragraph 69B (3) (b) of the SS Act; has as a revised scheme member in the SS Fund, being the component consisting of the deferred pension to which the person is entitled under subsection 61A (1) of the SS Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the person’s deferred pension under subsection 61A (1) of the SS Act at the relevant date adjusted under subsection 47 (9) of that Act as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.

Part 3 Victorian State Employees Retirement Benefits Scheme

1 Definitions

In this Part:

SERB Act means the State Employees Retirement Benefits Act 1979 (Vic).

SERB scheme means the State Employees Retirement Benefits Fund of Victoria, merged into the State Superannuation Fund of Victoria under section 16AA of the SS Act.

SS Act means the State Superannuation Act 1988 (Vic).

SS Fund means the superannuation fund continued under subsection 16 (1) of the SS Act and renamed ‘the State Superannuation Fund’.

Transport Superannuation Fund means the Transport Superannuation Fund of Victoria merged into the State Superannuation Fund of Victoria under section 16AA of the SS Act.

Victorian GSO means the Victorian Government Superannuation Office.

2 Methods and factors for interests of members of SERB scheme

For an interest, or a component of an interest, that is in the growth phase of a member of the SERB scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as a SERB scheme member, other than where he or she has: (a) retired (including on the grounds of disability); or (b) resigned; or (c) been retrenched and elected to be entitled to deferred retirement benefits under section 38 of the SERB Act; or (d) become an exempt officer within the meaning in subsection 2 (1) of the SERB Act; or (e) following a change in his or her employment, become entitled to a deferred retirement benefit under the Portability Act; or	If the person has not attained the age of 55 years — the greatest lump sum that would be available for the person to transfer to another complying superannuation fund at the relevant date, on the person’s resignation under the SERB Act, if no deduction had been made in respect of the person’s surcharge debt under subsection 74CA (4) of the SERB Act. If the person has attained the age of 55 years — the lump sum that would be available for the person to transfer to another complying superannuation fund at the relevant date, on the person’s retirement through age under the SERB Act, if no deduction had been made in respect of the person’s surcharge debt under subsection 74CA (4) of the SERB Act.
	(f) elected to transfer to the SS Fund or to the Transport Superannuation Fund under subsection 33 (6) of the SERB Act; or (g) become entitled to benefits under subsection 77 (1) of the SERB Act on ceasing to be an employee of a water authority so as to become an employee of another water authority.
	For this item, a member shall not be taken to have been retrenched or to have resigned or retired before they have applied for the relevant benefit and satisfied the requirements of the Victorian GSO to establish their entitlement. For this item, any cessation of employment is to be disregarded if the member ceased to be a permanent employee but within 6 months again became an employee and made an election under subsection 21A (4) of the SERB Act.
2	The interest that a person, who became eligible to be a member of 1 of the schemes listed below and, under paragraph 22A (3) (a) of the SERB Act, elected to cease to contribute in accordance with the provisions of that Act and to be entitled to deferred retirement benefits under paragraph 22A (4) (a) of that Act, has as a SERB scheme member in the SS Fund.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum to which the person would be entitled if he or she were to convert the lump sum part of the person’s deferred retirement benefit determined under section 6 of the Portability Act at the relevant date to a present lump sum under subsection 5 (2A) of the Portability Act, adjusted as required by the SERB Act or the Portability Act.
	Schemes State Superannuation Fund Transport Superannuation Fund Hospitals Superannuation Fund Local Authorities Superannuation Fund Emergency Services Superannuation Fund	DP is the annual amount of the pension that is part of the person’s deferred retirement benefit determined under section 6 of the Portability Act at the relevant date for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act. F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to
	State Casual Employees Superannuation Fund Melbourne and Metropolitan Board of Works Superannuation Fund Gas and Fuel Corporation of Victoria Superannuation Fund State Electricity Commission Superannuation Fund Superannuation Schemes For Australian Universities Zoological Board of Victoria Superannuation Fund	the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1. PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references
		in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
3	The component of an interest that a person, who became eligible to be a member of 1 of the schemes listed below and who, after electing under paragraph 22A (3) (a) of the SERB Act to cease to contribute in accordance with the provisions of that Act and to be entitled to deferred retirement benefits under paragraph 22A (4) (a) of that Act terminated his or her employment prior to attaining the minimum age for retirement on a ground other than disability or death, has as a SERB scheme member in the SS Fund, being the component consisting of a deferred lump sum benefit and the deferred pension benefit that the person has elected to receive under paragraph 22A (4) (a) of the SS Act.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum to which the person would be entitled if he or she were to convert the lump sum part of the person’s deferred retirement benefit determined under paragraph 7 (7) (b) of the Portability Act at the relevant date to a present lump sum under subsection 7 (7A) of the Portability Act, adjusted as required by the SERB Act or the Portability Act. DP is the annual amount of the pension that is part of the person’s deferred retirement benefit determined under section 6 of the Portability Act at the relevant date for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act. F is the applicable discount valuation factor calculated in accordance with the
	Schemes State Superannuation Fund Transport Superannuation Fund Hospitals Superannuation Fund Local Authorities Superannuation Fund Emergency Services Superannuation Fund State Casual Employees Superannuation Fund Melbourne and Metropolitan Board of Works Superannuation Fund	formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1. PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s
	Gas and Fuel Corporation of Victoria Superannuation Fund State Electricity Commission Superannuation Fund Superannuation Schemes For Australian Universities Zoological Board of Victoria Superannuation Fund	age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’. RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
4	The component of an interest that a person who has resigned and elected under section 38 of the SERB Act to be entitled to deferred retirement benefits in accordance with the provisions of the Portability Act, has as a SERB scheme member in the SS Fund, being the component consisting of a deferred lump sum benefit and the deferred pension under the Portability Act.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum to which the person is entitled if he or she converted his or her entitlement to a deferred lump sum under section 6 of the Portability Act to a present lump sum under subsection 38 (2A) of the SERB Act, adjusted as required by the SERB Act or the Portability Act. DP is the annual amount of the pension,
		being the part of the deferred retirement benefit to which the person is entitled that is a pension, calculated under section 6 of the Portability Act for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
5	The component of an interest that a person who has resigned (other than a person who has elected under subsection 38 (1) of the SERB Act to be entitled to deferred retirement benefits in accordance with the provisions of the Portability Act) has as a SERB scheme member in the SS Fund, being the component consisting of the deferred benefit under paragraph 37 (1) (b) of the SERB Act.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum to which the person is entitled if he or she converted his or her entitlement to a deferred lump sum under paragraph 37 (1) (b) of the SERB Act to a present lump sum under subsection 37 (1B) of the SERB Act, adjusted as required by the SERB Act. DP is the annual amount of the pension, to which the person is entitled under
		subparagraph 37 (1) (b) (ii) of the SERB Act for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor in column 3 of the table in clause 4 of Schedule 6 to the Regulations as if the reference to ‘minimal deferral period for lump sum’ in that table is a reference to ‘time until person attains the age of 55 years’.
		PVF is the applicable pension valuation factor set out in clause 4 of Schedule 4 to the Regulations at age 55 years.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
6	An interest, or a component of an interest that a person, who has been retrenched and elected to be entitled to deferred retirement benefits under section 38 of the SERB Act, has as a SERB scheme member in the SS Fund, consisting of a deferred lump sum benefit and the deferred pension to which the person is entitled under the Portability Act.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum to which the person is entitled if he or she converted his or her entitlement to a deferred lump sum calculated under section 6 of the Portability Act to a present lump sum under subsection 38 (2A) of the SERB Act, adjusted as required by the SERB Act or the Portability Act.
		DP is the annual amount of the pension, being the part of the deferred retirement benefit to which the person is entitled that is a pension, calculated under section 6 of the Portability Act for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
7	The component of an interest that a person, who has been retrenched and elected to be entitled to deferred retirement benefits under section 37 of the SERB Act, has as a SERB scheme member in the SS Fund, being the component consisting of the deferred benefit under paragraph 37 (1) (b) of the SERB Act.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum, to which the person is entitled if he or she converted his or her entitlement to a deferred lump sum calculated under paragraph 37 (1) (b) of the SERB Act to a present lump sum under subsection 37 (1B) of the SERB Act, adjusted as required by the SERB Act.
		DP is the annual amount of the pension, being the part of the deferred retirement benefit to which the person is entitled that is a pension, calculated under paragraph 37 (1) (b) of the SERB Act for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
8	An interest, or a component of an interest, that a person, who has become an exempt officer and has not made an election under subsection 7 (7) of the Portability Act, has as a SERB scheme member in the SS Fund, consisting of a deferred lump sum benefit and the deferred pension to which the person is entitled under the Portability Act.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum, to which the person is entitled if he or she converted his or her entitlement to a deferred lump sum calculated under section 6 of the Portability Act to a present lump sum under subsection 5 (2A) of the Portability Act, adjusted as required by the SERB Act or the Portability Act.
		DP is the annual amount of the pension, being the part of the deferred retirement benefit to which the person is entitled that is a pension, calculated under subsection 6 (1) of the Portability Act for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
9	The component of an interest that a person, who after becoming an exempt officer subsequently terminated his or her employment prior to attaining the minimum age for retirement on a ground other than disability or death and elected a benefit under subsection 7 (7) of the Portability Act, has as a SERB scheme member in the SS Fund, being the component consisting of the deferred retirement benefit to which the person is entitled under paragraph 7 (7) (b) of the Portability Act.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum, to which the person is entitled if he or she converted his or her entitlement to a deferred lump sum calculated under paragraph 7 (7) (b) of the Portability Act to a present lump sum under subsection 7 (7A) of the Portability Act, adjusted as required by the SERB Act or the Portability Act. DP is the annual amount of the pension, being the part of the deferred retirement benefit to which the person is entitled that is a pension, calculated under section 6 of the Portability Act for a member electing to
		receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
10	An interest, or a component of an interest that a person who, following a change in his or her employment, is entitled to a deferred retirement benefit under the Portability Act and has not made an election under subsection 7 (7) of the Portability Act, has as a SERB scheme member in the SS Fund, consisting of a deferred lump sum and the deferred pension to which the person is entitled under the Portability Act.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum to which the person would be entitled if he or she were to convert the lump sum part of the person’s deferred retirement benefit determined under section 6 of the Portability Act at the relevant date to a present lump sum under subsection 5 (2A) of the Portability Act, adjusted as required by the SERB Act or the Portability Act. DP is the annual amount of the pension that is part of the person’s deferred
		retirement benefit determined under section 6 of the Portability Act at the relevant date for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
11	The component of an interest that a person who, becoming entitled on a change to his or her employment to a deferred retirement benefit under the Portability Act, subsequently terminated his or her employment prior to attaining the minimum age for retirement on a ground other than disability or death and elected a benefit under subsection 7 (7) of the Portability Act, has as a SERB scheme member in the SS Fund, being the component consisting of a deferred lump sum benefit and the deferred pension under the Portability Act.	The formula: DLS + [DP × F × (PVF + RVF × .6667)] where: DLS is the amount of the lump sum to which the person would be entitled if he or she were to convert the lump sum part of the person’s deferred retirement benefit determined under paragraph 7 (7) (b) of the Portability Act at the relevant date to a present lump sum under subsection 7 (7A) of the Portability Act, adjusted as required by the SERB Act or the Portability Act. DP is the annual amount of the pension that is part of the person’s deferred retirement benefit determined under section 6 of the Portability Act at the relevant date for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
12	The component of an interest that a person, who prior to the introduction of the Portability Act has resigned and elected under section 38 of the SERB Act to be entitled to deferred retirement benefits in accordance with the provisions of the Superannuation Benefits Act 1977 (Vic), has as a SERB scheme member in the SS Fund, being the component consisting of the deferred pension.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the pension, being the part of the deferred retirement benefit to which the person is entitled that is a pension, calculated under subsection 3 (1) or section 4 of the Superannuation Benefits Act 1977 (Vic) for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
13	The component of an interest that a person, who prior to the introduction of the Portability Act has been retrenched and elected to be entitled to deferred retirement benefits under section 38 of the SERB Act, has as a SERB scheme member in the SS Fund, being the component consisting of the deferred pension.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the pension, being the part of the deferred retirement benefit to which the person is entitled that is a pension, calculated under subsection 3 (1) of the Superannuation Benefits Act 1977 (Vic) for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.
14	The component of an interest that a person, who prior to the introduction of the Portability Act has been retrenched and elected to be entitled to deferred retirement benefits under section 37 of the SERB Act in the SS Fund, has as a SERB scheme member in the SS Fund, being the component consisting of the deferred pension.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the pension, being the part of the deferred retirement benefit to which the person is entitled that is a pension, calculated under paragraph 37 (1) (b) of the SERB Act for a member electing to receive the deferred pension at the later of the age of 55 years and the relevant date and, adjusted as required by the SERB Act or Portability Act.
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until the person attains the age 55’. If the person has already reached age 55 or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and age 55 as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age at relevant date (in completed years) and age 55’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age at relevant date (in completed years) and age 55’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.

Part 4 Benefits provided under the Superannuation Benefits Act 1977 (Vic)

1 Methods and factors for interests of deferred beneficiaries under Superannuation Benefits Act 1977 (Vic)

For a component of an interest that is in the growth phase under the Superannuation Benefits Act 1977 (Vic) mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.

Item	Interest in the growth phase	Method or factor
1	The component of an interest that a person, who became eligible to a deferred pension under subsection 3 (1) of the Superannuation Benefits Act 1977 (Vic), has under subsection 3 (1) or section 4 of that Act being the component consisting of the deferred pension under subsection 3 (1) or section 4 of that Act.	The formula: DP × F × (PVF + RVF × .6667) where: DP is the annual amount of the pension that is the person’s deferred retirement benefit determined under subsection 3 (1) or section 4 of the Superannuation Benefits Act 1977 (Vic) at the relevant date adjusted as for a member electing to receive the deferred pension at the later of the date of attaining the minimum age for retirement and the relevant date and, adjusted as required by the SS Act or the Superannuation Benefits Act 1977 (Vic).
		F is the applicable discount valuation factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimal deferral period for lump sum’ in subclause 3 (3) and the table in clause 4 are references to ‘period until person attains the minimum age for retirement’. If the person has already reached the minimum age for retirement or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors set out in clause 4 of Schedule 4 to those Regulations at the later of the age at the relevant date and minimum age for retirement as if the references in subclause 2 (2) to ‘member spouse’s age’ are references to ‘greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’ and the reference in column 1 of the table in clause 4 to ‘Age at relevant date (in completed years)’ is a reference to ‘Greater of member spouse’s age and the minimum age for retirement at relevant date (in completed years)’.
		RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations.

Part 5 Victorian Transport Superannuation Fund

Division 5.1 Definitions

1 Definitions

In this Part:

Portability Act means the Superannuation (Portability) Act 1989 (Vic).

SS Act means the State Superannuation Act 1988 (Vic).

SS Fund means the superannuation fund continued under subsection 16 (1) of the SS Act and renamed ‘the State Superannuation Fund’.

Transport scheme means the Transport Superannuation Fund of Victoria merged into the State Superannuation Fund of Victoria under section 16AA of the SS Act.

TS Act means the Transport Superannuation Act 1989 (Vic).

Division 5.2 Interests in the growth phase

2 Methods and factors for interests of members of Victorian Transport Superannuation Fund

For an interest, or a component of an interest, that is in the growth phase of a Transport scheme member mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.

Item	Interest in the growth phase	Method or factor
1	An interest, or a component of an interest, that a person who has resigned has as a Transport scheme member in the SS Fund, consisting of the deferred benefit he or she is entitled to receive under paragraph 35 (1) (b) of the TS Act.	The amount of the lump sum to which the person would be entitled if he or she were to convert the deferred benefit to which he or she is entitled under paragraph 35 (1) (b) of the TS Act to a present lump sum under subsection 35 (4A) of that Act, adjusted as required by the TS Act.
2	An interest, or a component of an interest, that a person, who has become an exempt officer, has as a Transport scheme member in the SS Fund, consisting of a deferred lump sum under subsection 34A (1) of the TS Act.	The amount of the lump sum to which the person would be entitled if he or she were to convert the deferred lump sum to which he or she is entitled under subsection 34A (1) of the TS Act to a present lump sum under subsection 34A (3) of that Act, adjusted as required by the TS Act.
3	An interest or a component of an interest, that a person, who following a change in his or her employment is entitled to a deferred retirement benefit under subsection 5 (1) of the Portability Act and has not made an election under subsection 7 (7) of the Portability Act, has as a Transport scheme member in the SS Fund, consisting of the deferred retirement benefit under the Portability Act.	The amount of the lump sum to which the person would be entitled if he or she were to convert the person’s deferred retirement benefit under section 6 of the Portability Act at the relevant date to a present lump sum under subsection 5 (2A) of the Portability Act, adjusted as required by the TS Act or the Portability Act.
4	The component of an interest that a person who, on a change in his or her employment would otherwise be entitled to a deferred retirement benefit under subsection 5 (1) of the Portability Act, terminated his or her employment prior to attaining the minimum age for retirement on a ground other than disability or death and elected a benefit under subsection 7 (7) of the Portability Act, being the component consisting of the deferred retirement benefit he or she has elected to receive under paragraph 7 (7) (b) of the Portability Act.	The amount of the lump sum to which the person would be entitled if he or she were to convert the person’s deferred retirement benefit under paragraph 7 (7) (b) of the Portability Act at the relevant date to a present lump sum under subsection 7 (7A) of the Portability Act, adjusted as required by the TS Act or the Portability Act.

Division 5.3 Interests in the payment phase

3 Methods and factors for interests of members of Victorian Transport Superannuation Fund

For an interest that is in the payment phase of a member of the Transport scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the payment phase	Method or factor
1	An interest that a person who has retired on the ground of disability has as a member of the Transport scheme.	The method set out in clause 2 of Schedule 4 to the Regulations for determining the gross value of a pension that is indexed in accordance with the consumer price index, with the modification that the term ‘r’ in subclause 2 (1) is taken to be zero.

Part 6 State Parliamentary Contributory Superannuation Fund

Division 6.1 Definitions

1 Definitions

In this Part:

additional percentage component has the meaning given by section 1 of the State methodology.

basic percentage component has the meaning given by section 1 of the State methodology.

Commonwealth Act means the Parliamentary Contributory Superannuation Act 1948.

Commonwealth office means an office of a Minister of State or office holder within the meaning given by subsection 4 (1) of the Commonwealth Act.

Commonwealth supplement component has the meaning given by section 1 of the State methodology.

Legislative Assembly means the Legislative Assembly of Victoria.

Legislative Council means the Legislative Council of Victoria.

Parliamentary Trustee means the Parliamentary Trustee established by section 11A of the State Act.

State Act means the Parliamentary Salaries and Superannuation Act 1968 (Vic).

State methodology means the methodology approved by the Minister for Finance for Victoria on 23 June 2004 under section 21CD of the State Act.

State office means an office specified in the table in subsection 6 (2) of the State Act.

State Scheme means the scheme constituted by Part II of the State Act.

Division 6.2 Interests in the growth phase

2 Methods and factors for interests in the State Scheme

For an interest that is in the growth phase in the State Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest	Method
1	An interest that a member of the Legislative Assembly or the Legislative Council has in the State Scheme.	where: ABP is the person’s accrued basic pension multiple at the relevant date calculated, by reference to the person’s period of service as a member of the Legislative Assembly or the Legislative Council: (a) by adding: (i) for service that occurred within the first 8 years — 0.0625 × each full year of service plus 0.0625/365 × the number of left-over days in that period; and (ii) for service that occurred within the next 10 years — 0.025 × each full year of service plus 0.025/365 × the number of left-over days in that period; and (b) if the Parliamentary Trustee has paid an amount in respect of the interest under section 21CC of the State Act — by subtracting from the amount calculated under paragraph (a) the sum of any basic percentage components arising from any previous payment splits (calculated in accordance with the State methodology) that would apply after a pension under the State Act becomes payable in respect of the interest. Note ABP will not exceed 0.75. BasicS is the person’s basic salary, within the meaning given by subsection 10 (1) of the State Act, at the relevant date. AARA is the accrued additional retiring allowance, if any, to which the person would be entitled under the Commonwealth Act if: (a) he or she were a member of the House of Representatives or a Senator (and had been such a member during the time he or she was a member of the Legislative Assembly or the Legislative Council); and
		(b) the time he or she held any State office were time spent in an equivalent Commonwealth office;
		being the lesser of: (c) the sum of additional retiring allowances the person would have accrued at the relevant date for each Commonwealth office that the person would have held during the person’s period of service calculated, for each office, as the product of:
		(i) the person’s accrued additional retiring allowance multiple — being 0.0625 × the number of years, and any fraction of a year, the person served in the State office during that period and, if the Parliamentary Trustee has paid or transferred an amount in respect of the interest under section 21CC of the State Act, that multiple less the sum of any additional percentage components arising from any previous payment splits (calculated in accordance with the State methodology) that would apply after a pension under that Act becomes payable; and
		(ii) the annual additional salary payable in respect of the equivalent State office under section 6 of the State Act at the relevant date; and
		(d) whichever of the following applies: (i) if the person would have accrued additional retiring allowance for 1 Commonwealth office only and the Parliamentary Trustee has not paid or transferred an amount in respect of the interest under section 21CC of the State Act — 75% of the annual additional salary payable in respect of the person’s State office at the relevant date;
		(ii) if the person would have accrued additional retiring allowance for 1 Commonwealth office only and the Parliamentary Trustee has paid or transferred an amount in respect of the interest under section 21CC of the State Act — 75% of the annual additional salary payable in respect of the person’s State office at the relevant date less the product of the sum of any additional percentage components arising from any previous payment splits (calculated in accordance with the State methodology) and that annual additional salary at the relevant date;
		(iii) if the person would have accrued additional retiring allowance for 2 or more Commonwealth offices and the Parliamentary Trustee has not paid or transferred an amount in respect of the interest under section 21CC of the State Act — 75% of the highest annual additional salary payable in respect of the person’s State offices at the relevant date;
		(iv) if the person would have accrued additional retiring allowance for 2 or more Commonwealth offices and the Parliamentary Trustee has paid or transferred an amount in respect of the interest under section 21CC of the State Act — 75% of the highest annual additional salary payable in respect of the person’s State offices at the relevant date less the sum of the products of any additional percentage components arising from any previous payment splits (calculated in accordance with the State methodology) that would apply after a pension under the State Act becomes payable, and the annual additional salary payable in respect of the office to which the additional percentage component applies at the relevant date.
		PFy+m,s is the pension valuation factor calculated in accordance with the following formula: where:
		PFy,s is the pension valuation factor mentioned for: (a) the person’s age in completed years (y) at the relevant date; and (b) the person’s period of service in completed years (s) as at the date of the last Legislative Assembly election before the relevant date; in whichever of Tables 1 to 8 is applicable, according to Table A, given the person’s gender and the number of completed years, at the relevant date, since the last election of the Legislative Assembly.
		m is the number of complete months of the person’s age at the relevant date that are not included in the person’s completed years of age.
		PFy+1,s is the pension valuation factor mentioned in whichever of Tables 1 to 8 is applicable that would apply if the person’s age in completed years at the relevant date were 1 year more than it is. LS is the sum of the person’s member contributions paid to the relevant date less the sum of any member contribution components arising from any previous payment splits (calculated in accordance with the State methodology) that would apply after a benefit under the State Act becomes payable in respect of the interest if the person is not entitled to a pension, plus:
		(a) for a person whose period of service is less than 8 years — 2 1/3 times the amount deducted from the person’s salary under section 14 of the State Act in the person’s period of service before the relevant date, less the sum of any Commonwealth supplement components arising from any previous payment splits (calculated in accordance with the State methodology) that would apply after a benefit under the State Act becomes payable in respect of the interest if the person is not entitled to a pension; or (b) for a person whose period of service is at least 8 years — 2 1/3 times the amount deducted from the person’s salary under section 14 of the State Act in the period of service of 8 years immediately before the relevant date, less the sum of any Commonwealth supplement components arising from any previous payment splits (calculated in accordance with the State methodology) that would apply after a benefit under that Act becomes payable in respect of the interest if the person is not entitled to a pension. LSFy+m,s is the lump sum factor calculated in accordance with the following formula:
		where: LSFy,s is the lump sum valuation factor mentioned for: (a) the person’s age in completed years (y) at the relevant date; and (b) the person’s period of service in completed years (s) as at the date of the last Legislative Assembly election before the relevant date;
		in whichever of Tables 9 to 16 is applicable, according to Table A, given the person’s gender and the number of completed years, at the relevant date, since the last election of the Legislative Assembly. m has the meaning given above. LSFy+1,s is the lump sum valuation factor mentioned in whichever of Tables 9 to 16 is applicable that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

Division 6.3 Interests in the payment phase

3 Methods and factors for interests in the State Scheme

For an interest that is in the payment phase in the State Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest	Method
1	An interest that a person has in the State Scheme if he or she is entitled to be paid a pension under that Scheme.	where: A is the pension, expressed as an annual amount, to which the person is entitled under Part II of the State Act. Fy+m is the factor calculated in accordance with the following formula: where:
		Fy is the pension valuation factor mentioned in Table 17 that applies at the person’s age in completed years (y) at the relevant date for the person’s gender and type of pension. m is the number of complete months of the person’s age at the relevant date that are not included in the person’s completed years of age. Fy+1 is the pension valuation factor mentioned in Table 17 that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

Item

Interest

Method

An interest that a person has in the State Scheme if he or she is entitled to be paid a pension under that Scheme.

where:

A is the pension, expressed as an annual amount, to which the person is entitled under Part II of the State Act.

Fy+m is the factor calculated in accordance with the following formula:

where:

Fy is the pension valuation factor mentioned in Table 17 that applies at the person’s age in completed years (y) at the relevant date for the person’s gender and type of pension.

m is the number of complete months of the person’s age at the relevant date that are not included in the person’s completed years of age.

Fy+1 is the pension valuation factor mentioned in Table 17 that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

Division 6.4 Factors

Table A Valuation factors for members of the Legislative Assembly and members of the Legislative Council

Gender	Period of service since last Legislative Assembly election (complete years)	Pension factors	Lump sum factors
Male	0	Table 1	Table 9
Male	1	Table 2	Table 10
Male	2	Table 3	Table 11
Male	3 or more	Table 4	Table 12
Female	0	Table 5	Table 13
Female	1	Table 6	Table 14
Female	2	Table 7	Table 15
Female	3 or more	Table 8	Table 16

Table 1 Pension valuation factors (PF) — males — less than 1 year since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	9.9236	13.2510	13.2483	13.2455	17.6407
31	9.8288	13.1385	13.1358	13.1328	17.5097	17.5068
32	9.7282	13.0206	13.0178	13.0148	17.3733	17.3704	17.3671
33	9.6364	12.9058	12.9029	12.8998	17.2363	17.2333	17.2301	17.2264
34	9.5298	12.7803	12.7770	12.7737	17.0904	17.0874	17.0840	17.0803	18.1646
35	9.4318	12.6576	12.6540	12.6503	16.9434	16.9403	16.9368	16.9330	18.0178	18.0137
36	9.3307	12.5308	12.5266	12.5225	16.7912	16.7879	16.7843	16.7805	17.8658	17.8615	17.8568
37	9.2137	12.3922	12.3875	12.3828	16.6295	16.6258	16.6220	16.6179	17.7053	17.7010	17.6962	17.6909
38	9.0935	12.2494	12.2440	12.2386	16.4624	16.4583	16.4540	16.4498	17.5392	17.5348	17.5298	17.5244
39	9.0092	12.1257	12.1196	12.1135	16.3038	16.2991	16.2944	16.2896	17.3765	17.3719	17.3668	17.3613
40	8.8830	11.9748	11.9681	11.9613	16.1263	16.1210	16.1156	16.1103	17.1989	17.1941	17.1888	17.1831
41	8.7246	11.7859	11.7786	11.7710	15.9047	15.8986	15.8924	15.8864	16.9771	16.9717	16.9661	16.9602
42	8.6450	11.6406	11.6328	11.6246	15.7050	15.6983	15.6913	15.6845	16.7672	16.7612	16.7551	16.7489
43	8.5049	11.4563	11.4479	11.4389	15.4782	15.4708	15.4631	15.4552	16.5364	16.5296	16.5228	16.5159
44	8.3299	11.2478	11.2388	11.2291	15.2326	15.2246	15.2161	15.2074	16.2901	16.2825	16.2747	16.2670
45	8.2718	11.1047	11.0954	11.0854	15.0217	15.0130	15.0039	14.9943	16.0644	16.0557	16.0469	16.0382
46	8.0862	10.8820	10.8720	10.8613	14.7588	14.7495	14.7394	14.7290	15.8007	15.7911	15.7810	15.7711
47	8.0161	10.7236	10.7131	10.7018	14.5295	14.5198	14.5091	14.4978	15.5570	15.5464	15.5353	15.5240
48	7.9438	10.5595	10.5487	10.5369	14.2921	14.2821	14.2709	14.2587	15.3047	15.2933	15.2811	15.2685
49	7.7339	10.3097	10.2975	10.2847	13.9982	13.9873	13.9754	13.9625	15.0110	14.9985	14.9853	14.9713
50	7.5195	10.0535	10.0397	10.0252	13.6946	13.6830	13.6701	13.6563	14.7074	14.6940	14.6794	14.6642
51	7.6096	9.9320	9.9193	9.9049	13.4170	13.4055	13.3925	13.3783	14.3862	14.3726	14.3573	14.3411
52	7.2760	9.5506	9.5375	9.5221	12.9765	12.9637	12.9500	12.9348	13.9488	13.9346	13.9187	13.9012
53	6.9338	9.1575	9.1442	9.1282	12.5218	12.5078	12.4924	12.4763	13.4960	13.4809	13.4642	13.4458
54	7.4252	9.2590	9.2510	9.2395	12.3585	12.3463	12.3316	12.3154	13.2374	13.2225	13.2056	13.1871
55	7.3355	8.9966	8.9906	8.9811	11.9676	11.9562	11.9415	11.9244	12.8176	12.8025	12.7849	12.7654
56	7.0717	8.6905	8.6905	8.6807	11.6296	11.6178	11.6021	11.5834	12.4816	12.4643	12.4453	12.4241
57	7.6658	9.1394	9.1394	9.1394	11.7381	11.7306	11.7186	11.7027	12.4531	12.4360	12.4162	12.3950
58	7.3842	8.8160	8.8160	8.8160	11.3840	11.3765	11.3645	11.3478	12.1034	12.0848	12.0625	12.0381
59	7.0796	9.2600	9.2600	9.2600	11.4619	11.4619	11.4542	11.4418	12.0532	12.0364	12.0146	11.9892
60		9.4750	9.4750	9.4750	11.5604	11.5604	11.5604	11.5527	12.0132	11.9988	11.9787	11.9536
61		9.1034	9.1034	9.1034	11.1426	11.1426	11.1426	11.1426	11.6207	11.6063	11.5852	11.5584
62		8.7197	8.7197	8.7197	10.7123	10.7123	10.7123	10.7123	11.2258	11.2113	11.1900	11.1618
63					11.8636	11.8636	11.8636	11.8636	11.8636	11.8636	11.8525	11.8341
64					11.3992	11.3992	11.3992	11.3992	11.3992	11.3992	11.3992	11.3802
65					10.9226	10.9226	10.9226	10.9226	10.9226	10.9226	10.9226	10.9226
66					10.4631	10.4631	10.4631	10.4631	10.4631	10.4631	10.4631	10.4631
67					10.0021	10.0021	10.0021	10.0021	10.0021	10.0021	10.0021	10.0021
68					9.5402	9.5402	9.5402	9.5402	9.5402	9.5402	9.5402	9.5402
69					9.0774	9.0774	9.0774	9.0774	9.0774	9.0774	9.0774	9.0774
70					8.6146	8.6146	8.6146	8.6146	8.6146	8.6146	8.6146	8.6146

Table 2 Pension valuation factors (PF) — males — 1 completed year since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	10.2391	13.6672	13.6646	13.6617
31	10.1498	13.5583	13.5557	13.5527	18.0553
32	10.0520	13.4425	13.4398	13.4367	17.9206	17.9177
33	9.9483	13.3211	13.3183	13.3152	17.7804	17.7774	17.7741
34	9.8531	13.2026	13.1996	13.1964	17.6394	17.6364	17.6330	17.6293
35	9.7428	13.0731	13.0697	13.0663	17.4892	17.4861	17.4827	17.4789	18.5905
36	9.6410	12.9462	12.9424	12.9387	17.3378	17.3346	17.3310	17.3272	18.4394	18.4351
37	9.5361	12.8152	12.8109	12.8067	17.1812	17.1778	17.1741	17.1701	18.2829	18.2786	18.2737
38	9.4147	12.6719	12.6671	12.6623	17.0145	17.0108	17.0069	17.0027	18.1178	18.1134	18.1084	18.1084
39	9.2909	12.5251	12.5195	12.5140	16.8429	16.8387	16.8343	16.8300	17.9472	17.9426	17.9376	17.9376
40	9.2039	12.3978	12.3916	12.3853	16.6799	16.6751	16.6703	16.6654	17.7801	17.7754	17.7702	17.7702
41	9.0436	12.2082	12.2013	12.1943	16.4584	16.4529	16.4475	16.4420	17.5591	17.5541	17.5487	17.5487
42	8.8796	12.0130	12.0056	11.9978	16.2298	16.2236	16.2173	16.2112	17.3304	17.3249	17.3193	17.3193
43	8.7964	11.8625	11.8545	11.8462	16.0237	16.0168	16.0097	16.0027	17.1140	17.1079	17.1016	17.1016
44	8.6500	11.6712	11.6625	11.6534	15.7891	15.7817	15.7738	15.7658	16.8756	16.8687	16.8617	16.8617
45	8.4675	11.4547	11.4455	11.4356	15.5353	15.5271	15.5185	15.5095	16.6212	16.6134	16.6055	16.6055
46	8.4046	11.3049	11.2955	11.2853	15.3165	15.3078	15.2985	15.2887	16.3876	16.3787	16.3698	16.3698
47	8.2104	11.0734	11.0632	11.0523	15.0447	15.0352	15.0250	15.0144	16.1153	16.1054	16.0952	16.0952
48	8.1341	10.9073	10.8967	10.8852	14.8070	14.7972	14.7862	14.7747	15.8632	15.8524	15.8411	15.8411
49	8.0562	10.7358	10.7248	10.7128	14.5612	14.5510	14.5396	14.5272	15.6024	15.5908	15.5784	15.5784
50	7.8367	10.4761	10.4636	10.4506	14.2572	14.2462	14.2340	14.2209	15.2990	15.2863	15.2728	15.2728
51	7.5304	10.1173	10.1035	10.0889	13.8387	13.8270	13.8141	13.8002	14.8831	14.8695	14.8549	14.8549
52	7.6190	9.9886	9.9759	9.9615	13.5504	13.5390	13.5259	13.5116	14.5504	14.5368	14.5214	14.5214
53	7.2713	9.5923	9.5793	9.5638	13.0944	13.0817	13.0679	13.0526	14.0982	14.0840	14.0679	14.0679
54	6.9158	9.1849	9.1717	9.1557	12.6244	12.6105	12.5950	12.5788	13.6307	13.6156	13.5987	13.5987
55	7.4202	9.2873	9.2796	9.2682	12.4547	12.4427	12.4280	12.4118	13.3632	13.3484	13.3315	13.3315
56	7.4626	9.1714	9.1653	9.1556	12.2285	12.2169	12.2018	12.1842	13.1039	13.0884	13.0703	13.0703
57	7.1891	8.8555	8.8555	8.8454	11.8816	11.8695	11.8534	11.8342	12.7596	12.7419	12.7224	12.7224
58	7.7996	9.3174	9.3174	9.3174	11.9947	11.9871	11.9747	11.9584	12.7321	12.7146	12.6943	12.6943
59	7.5055	8.9820	8.9820	8.9820	11.6309	11.6232	11.6109	11.5938	12.3738	12.3548	12.3318	12.3318
60	7.1875	9.4395	9.4395	9.4395	11.7134	11.7134	11.7056	11.6929	12.3250	12.3077	12.2853	12.2853
61		9.6631	9.6631	9.6631	11.8193	11.8193	11.8193	11.8114	12.2881	12.2734	12.2526	12.2526
62		9.2830	9.2830	9.2830	11.3940	11.3940	11.3940	11.3940	11.8896	11.8748	11.8531	11.8531
63		8.8911	8.8911	8.8911	10.9562	10.9562	10.9562	10.9562	11.4891	11.4742	11.4522	11.4522
64					12.1602	12.1602	12.1602	12.1602	12.1602	12.1602	12.1488	12.1488
65					11.6866	11.6866	11.6866	11.6866	11.6866	11.6866	11.6866	11.6866
66					11.2214	11.2214	11.2214	11.2214	11.2214	11.2214	11.2214	11.2214
67					10.7542	10.7542	10.7542	10.7542	10.7542	10.7542	10.7542	10.7542
68					10.2856	10.2856	10.2856	10.2856	10.2856	10.2856	10.2856	10.2856
69					9.8159	9.8159	9.8159	9.8159	9.8159	9.8159	9.8159	9.8159
70					9.3453	9.3453	9.3453	9.3453	9.3453	9.3453	9.3453	9.3453

Table 3 Pension valuation factors (PF) — males — 2 completed years since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	10.5708	14.0982	14.0956
31	10.4733	13.9849	13.9823	13.9793
32	10.3812	13.8729	13.8701	13.8671	18.4800
33	10.2803	13.7536	13.7508	13.7477	18.3415	18.3386
34	10.1729	13.6283	13.6254	13.6222	18.1972	18.1942	18.1908
35	10.0743	13.5060	13.5029	13.4996	18.0521	18.0490	18.0455	18.0418
36	9.9599	13.3721	13.3687	13.3652	17.8974	17.8943	17.8907	17.8868	19.0267
37	9.8543	13.2411	13.2373	13.2334	17.7416	17.7383	17.7347	17.7307	18.8713	18.8669
38	9.7453	13.1057	13.1013	13.0970	17.5803	17.5768	17.5731	17.5690	18.7103	18.7059	18.7059
39	9.6204	12.9584	12.9534	12.9485	17.4092	17.4053	17.4013	17.3971	18.5408	18.5362	18.5362	18.5362
40	9.4929	12.8074	12.8017	12.7961	17.2329	17.2286	17.2241	17.2196	18.3656	18.3610	18.3610	18.3610
41	9.3731	12.6423	12.6359	12.6295	17.0265	17.0216	17.0167	17.0117	18.1557	18.1508	18.1508	18.1508
42	9.2072	12.4464	12.4395	12.4323	16.7981	16.7925	16.7870	16.7814	17.9279	17.9229	17.9229	17.9229
43	9.0374	12.2448	12.2372	12.2293	16.5623	16.5560	16.5497	16.5433	17.6923	17.6867	17.6867	17.6867
44	8.9495	12.0883	12.0801	12.0716	16.3492	16.3422	16.3350	16.3279	17.4688	17.4626	17.4626	17.4626
45	8.7965	11.8895	11.8807	11.8715	16.1067	16.0991	16.0911	16.0829	17.2225	17.2155	17.2155	17.2155
46	8.6059	11.6645	11.6552	11.6451	15.8440	15.8358	15.8269	15.8178	16.9596	16.9517	16.9517	16.9517
47	8.5378	11.5080	11.4984	11.4880	15.6177	15.6088	15.5993	15.5894	16.7184	16.7093	16.7093	16.7093
48	8.3343	11.2671	11.2567	11.2456	15.3366	15.3269	15.3165	15.3056	16.4372	16.4271	16.4271	16.4271
49	8.2522	11.0935	11.0827	11.0710	15.0905	15.0805	15.0694	15.0576	16.1768	16.1658	16.1658	16.1658
50	8.1686	10.9145	10.9033	10.8910	14.8363	14.8258	14.8142	14.8016	15.9075	15.8957	15.8957	15.8957
51	7.8585	10.5535	10.5410	10.5279	14.4185	14.4074	14.3952	14.3819	15.4927	15.4799	15.4799	15.4799
52	7.5386	10.1804	10.1667	10.1520	13.9853	13.9736	13.9606	13.9465	15.0626	15.0490	15.0490	15.0490
53	7.6264	10.0449	10.0323	10.0179	13.6864	13.6750	13.6619	13.6475	14.7185	14.7048	14.7048	14.7048
54	7.2654	9.6344	9.6214	9.6060	13.2153	13.2026	13.1888	13.1734	14.2517	14.2375	14.2375	14.2375
55	6.8960	9.2123	9.1992	9.1831	12.7295	12.7157	12.7002	12.6839	13.7690	13.7539	13.7539	13.7539
56	7.5499	9.4709	9.4629	9.4513	12.7300	12.7177	12.7027	12.6860	13.6656	13.6504	13.6504	13.6504
57	7.5918	9.3510	9.3447	9.3347	12.4987	12.4867	12.4712	12.4532	13.4007	13.3848	13.3848	13.3848
58	7.3084	9.0249	9.0249	9.0147	12.1428	12.1303	12.1139	12.0941	13.0482	13.0301	13.0301	13.0301
59	7.9343	9.4997	9.4997	9.4997	12.2613	12.2535	12.2408	12.2241	13.0229	13.0049	13.0049	13.0049
60	7.6277	9.1525	9.1525	9.1525	11.8883	11.8804	11.8677	11.8501	12.6565	12.6370	12.6370	12.6370
61	7.2978	9.6267	9.6267	9.6267	11.9778	11.9778	11.9697	11.9567	12.6111	12.5933	12.5933	12.5933
62		9.8635	9.8635	9.8635	12.0955	12.0955	12.0955	12.0874	12.5815	12.5664	12.5664	12.5664
63		9.4760	9.4760	9.4760	11.6637	11.6637	11.6637	11.6637	12.1781	12.1629	12.1629	12.1629
64		9.0759	9.0759	9.0759	11.2175	11.2175	11.2175	11.2175	11.7708	11.7555	11.7555	11.7555
65					12.4776	12.4776	12.4776	12.4776	12.4776	12.4776	12.4776	12.4776
66					12.0080	12.0080	12.0080	12.0080	12.0080	12.0080	12.0080	12.0080
67					11.5354	11.5354	11.5354	11.5354	11.5354	11.5354	11.5354	11.5354
68					11.0609	11.0609	11.0609	11.0609	11.0609	11.0609	11.0609	11.0609
69					10.5849	10.5849	10.5849	10.5849	10.5849	10.5849	10.5849	10.5849
70					10.1076	10.1076	10.1076	10.1076	10.1076	10.1076	10.1076	10.1076

Table 4 Pension valuation factors (PF) — males — 3 or more completed years since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	10.9107	14.5395
31	10.8133	14.4267	14.4241
32	10.7128	14.3102	14.3074	14.3044
33	10.6177	14.1948	14.1920	14.1889	18.9149
34	10.5132	14.0716	14.0688	14.0656	18.7724	18.7694
35	10.4021	13.9424	13.9394	13.9362	18.6239	18.6208	18.6174
36	10.2997	13.8160	13.8129	13.8095	18.4745	18.4714	18.4678	18.4639
37	10.1813	13.6779	13.6744	13.6708	18.3155	18.3122	18.3086	18.3046	19.4737
38	10.0716	13.5425	13.5385	13.5346	18.1551	18.1517	18.1480	18.1439	19.3139	19.3139
39	9.9595	13.4032	13.3987	13.3943	17.9894	17.9858	17.9820	17.9778	19.1487	19.1487	19.1487
40	9.8308	13.2518	13.2467	13.2417	17.8137	17.8097	17.8056	17.8013	18.9747	18.9747	18.9747	18.9747
41	9.6698	13.0627	13.0569	13.0511	17.5939	17.5895	17.5850	17.5804	18.7567	18.7567	18.7567	18.7567
42	9.5455	12.8920	12.8856	12.8790	17.3811	17.3761	17.3711	17.3660	18.5403	18.5403	18.5403	18.5403
43	9.3738	12.6898	12.6827	12.6754	17.1456	17.1400	17.1343	17.1286	18.3057	18.3057	18.3057	18.3057
44	9.1972	12.4808	12.4731	12.4650	16.9022	16.8957	16.8892	16.8828	18.0626	18.0626	18.0626	18.0626
45	9.1043	12.3179	12.3096	12.3009	16.6818	16.6747	16.6673	16.6600	17.8318	17.8318	17.8318	17.8318
46	8.9440	12.1112	12.1023	12.0928	16.4309	16.4232	16.4150	16.4067	17.5774	17.5774	17.5774	17.5774
47	8.7449	11.8775	11.8681	11.8578	16.1597	16.1512	16.1422	16.1329	17.3062	17.3062	17.3062	17.3062
48	8.6711	11.7139	11.7041	11.6935	15.9254	15.9164	15.9067	15.8965	17.0571	17.0571	17.0571	17.0571
49	8.4585	11.4636	11.4531	11.4417	15.6350	15.6252	15.6145	15.6035	16.7670	16.7670	16.7670	16.7670
50	8.3706	11.2826	11.2716	11.2596	15.3806	15.3704	15.3591	15.3470	16.4983	16.4983	16.4983	16.4983
51	8.2016	11.0058	10.9946	10.9823	15.0151	15.0046	14.9930	14.9802	16.1194	16.1194	16.1194	16.1194
52	7.8780	10.6308	10.6183	10.6052	14.5829	14.5718	14.5595	14.5461	15.6907	15.6907	15.6907	15.6907
53	7.5447	10.2435	10.2298	10.2150	14.1348	14.1232	14.1101	14.0959	15.2463	15.2463	15.2463	15.2463
54	7.6329	10.1021	10.0896	10.0751	13.8260	13.8146	13.8014	13.7870	14.8912	14.8912	14.8912	14.8912
55	7.2581	9.6769	9.6640	9.6486	13.3393	13.3267	13.3128	13.2974	14.4094	14.4094	14.4094	14.4094
56	7.0105	9.3938	9.3804	9.3639	13.0130	12.9989	12.9830	12.9663	14.0834	14.0834	14.0834	14.0834
57	7.6819	9.6596	9.6515	9.6395	13.0153	13.0027	12.9873	12.9702	13.9794	13.9794	13.9794	13.9794
58	7.7237	9.5359	9.5295	9.5192	12.7789	12.7667	12.7508	12.7323	13.7092	13.7092	13.7092	13.7092
59	7.4276	9.1980	9.1980	9.1875	12.4143	12.4015	12.3846	12.3643	13.3493	13.3493	13.3493	13.3493
60	8.0711	9.6876	9.6876	9.6876	12.5399	12.5318	12.5189	12.5016	13.3276	13.3276	13.3276	13.3276
61	7.7534	9.3299	9.3299	9.3299	12.1588	12.1507	12.1376	12.1195	12.9544	12.9544	12.9544	12.9544
62	7.4143	9.8256	9.8256	9.8256	12.2595	12.2595	12.2512	12.2378	12.9162	12.9162	12.9162	12.9162
63		10.0788	10.0788	10.0788	12.3919	12.3919	12.3919	12.3836	12.8964	12.8964	12.8964	12.8964
64		9.6837	9.6837	9.6837	11.9524	11.9524	11.9524	11.9524	12.4866	12.4866	12.4866	12.4866
65		9.2752	9.2752	9.2752	11.4975	11.4975	11.4975	11.4975	12.0724	12.0724	12.0724	12.0724
66					12.8225	12.8225	12.8225	12.8225	12.8225	12.8225	12.8225	12.8225
67					12.3460	12.3460	12.3460	12.3460	12.3460	12.3460	12.3460	12.3460
68					11.8663	11.8663	11.8663	11.8663	11.8663	11.8663	11.8663	11.8663
69					11.3846	11.3846	11.3846	11.3846	11.3846	11.3846	11.3846	11.3846
70					10.9014	10.9014	10.9014	10.9014	10.9014	10.9014	10.9014	10.9014

Table 5 Pension valuation factors (PF) — females — less than 1 year since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	9.8722	13.1968	13.1941	13.1913	17.5856
31	9.7766	13.0821	13.0791	13.0761	17.4507	17.4483
32	9.6750	12.9622	12.9588	12.9554	17.3106	17.3078	17.3050
33	9.5824	12.8459	12.8421	12.8383	17.1705	17.1674	17.1643	17.1611
34	9.4751	12.7188	12.7148	12.7106	17.0217	17.0183	17.0148	17.0113	18.0996
35	9.3768	12.5948	12.5906	12.5861	16.8726	16.8688	16.8649	16.8610	17.9493	17.9457
36	9.2759	12.4671	12.4626	12.4578	16.7189	16.7147	16.7103	16.7059	17.7941	17.7901	17.7860
37	9.1595	12.3280	12.3232	12.3181	16.5558	16.5514	16.5465	16.5416	17.6311	17.6266	17.6220	17.6174
38	9.0407	12.1855	12.1803	12.1749	16.3880	16.3833	16.3782	16.3727	17.4632	17.4582	17.4531	17.4479
39	8.9572	12.0617	12.0562	12.0504	16.2285	16.2235	16.2180	16.2122	17.2992	17.2937	17.2880	17.2822
40	8.8303	11.9099	11.9040	11.8977	16.0495	16.0441	16.0382	16.0321	17.1205	17.1143	17.1079	17.1015
41	8.6789	11.7299	11.7235	11.7167	15.8376	15.8318	15.8256	15.8190	16.9091	16.9026	16.8955	16.8883
42	8.6063	11.5935	11.5868	11.5796	15.6482	15.6420	15.6355	15.6285	16.7103	16.7034	16.6960	16.6880
43	8.4723	11.4173	11.4102	11.4026	15.4316	15.4251	15.4180	15.4106	16.4906	16.4833	16.4754	16.4670
44	8.3042	11.2180	11.2102	11.2021	15.1977	15.1907	15.1831	15.1750	16.2567	16.2489	16.2404	16.2315
45	8.2544	11.0860	11.0778	11.0691	15.0001	14.9928	14.9847	14.9761	16.0446	16.0364	16.0274	16.0179
46	8.0788	10.8764	10.8674	10.8578	14.7524	14.7447	14.7362	14.7269	15.7966	15.7877	15.7782	15.7680
47	8.0202	10.7337	10.7243	10.7141	14.5413	14.5330	14.5240	14.5143	15.5709	15.5615	15.5513	15.5405
48	7.9618	10.5887	10.5789	10.5681	14.3252	14.3163	14.3067	14.2964	15.3397	15.3297	15.3187	15.3071
49	7.7661	10.3588	10.3486	10.3368	14.0549	14.0452	14.0346	14.0233	15.0690	15.0584	15.0466	15.0341
50	7.5664	10.1230	10.1124	10.1001	13.7771	13.7666	13.7550	13.7426	14.7899	14.7788	14.7663	14.7528
51	7.7587	10.1175	10.1082	10.0969	13.6335	13.6230	13.6110	13.5981	14.5990	14.5871	14.5742	14.5600
52	7.5308	9.8585	9.8490	9.8374	13.3343	13.3234	13.3104	13.2962	14.3000	14.2870	14.2728	14.2577
53	7.2994	9.5944	9.5848	9.5730	13.0278	13.0166	13.0030	12.9875	13.9934	13.9792	13.9636	13.9470
54	7.9122	9.8334	9.8275	9.8191	13.0197	13.0102	12.9981	12.9837	13.8883	13.8739	13.8578	13.8403
55	7.9472	9.7159	9.7112	9.7038	12.7937	12.7848	12.7731	12.7588	13.6331	13.6180	13.6007	13.5819
56	7.6988	9.4336	9.4336	9.4258	12.4859	12.4770	12.4649	12.4500	13.3314	13.3156	13.2967	13.2760
57	8.3022	9.9008	9.9008	9.9008	12.6219	12.6161	12.6070	12.5947	13.3326	13.3181	13.3000	13.2789
58	8.0357	9.5999	9.5999	9.5999	12.2996	12.2937	12.2843	12.2718	13.0179	13.0030	12.9842	12.9619
59	7.7487	10.0699	10.0699	10.0699	12.4125	12.4125	12.4065	12.3968	13.0019	12.9889	12.9714	12.9500
60		10.3045	10.3045	10.3045	12.5401	12.5401	12.5401	12.5340	12.9917	12.9808	12.9652	12.9452
61		9.9606	9.9606	9.9606	12.1561	12.1561	12.1561	12.1561	12.6330	12.6218	12.6059	12.5852
62		9.6046	9.6046	9.6046	11.7581	11.7581	11.7581	11.7581	12.2684	12.2569	12.2404	12.2191
63					12.9241	12.9241	12.9241	12.9241	12.9241	12.9241	12.9154	12.9012
64					12.4884	12.4884	12.4884	12.4884	12.4884	12.4884	12.4884	12.4734
65					12.0393	12.0393	12.0393	12.0393	12.0393	12.0393	12.0393	12.0393
66					11.5995	11.5995	11.5995	11.5995	11.5995	11.5995	11.5995	11.5995
67					11.1539	11.1539	11.1539	11.1539	11.1539	11.1539	11.1539	11.1539
68					10.7027	10.7027	10.7027	10.7027	10.7027	10.7027	10.7027	10.7027
69					10.2453	10.2453	10.2453	10.2453	10.2453	10.2453	10.2453	10.2453
70					9.7814	9.7814	9.7814	9.7814	9.7814	9.7814	9.7814	9.7814

Table 6 Pension valuation factors (PF) — females — 1 completed year since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	10.1887	13.6147	13.6122	13.6097
31	10.0983	13.5034	13.5006	13.4978	17.9986
32	9.9994	13.3851	13.3821	13.3789	17.8600	17.8574
33	9.8946	13.2618	13.2583	13.2548	17.7162	17.7134	17.7105
34	9.7986	13.1417	13.1379	13.1340	17.5721	17.5689	17.5657	17.5625
35	9.6879	13.0109	13.0068	13.0025	17.4193	17.4158	17.4122	17.4086	18.5240
36	9.5862	12.8830	12.8787	12.8741	17.2658	17.2619	17.2579	17.2539	18.3694	18.3657
37	9.4817	12.7512	12.7466	12.7418	17.1077	17.1034	17.0989	17.0944	18.2099	18.2058	18.2016
38	9.3617	12.6081	12.6032	12.5980	16.9402	16.9356	16.9307	16.9257	18.0425	18.0379	18.0332	18.0332
39	9.2385	12.4609	12.4557	12.4501	16.7676	16.7627	16.7575	16.7519	17.8700	17.8648	17.8596	17.8596
40	9.1515	12.3329	12.3272	12.3213	16.6033	16.5982	16.5926	16.5866	17.7013	17.6956	17.6897	17.6897
41	8.9987	12.1521	12.1461	12.1396	16.3917	16.3862	16.3803	16.3740	17.4905	17.4842	17.4777	17.4777
42	8.8412	11.9659	11.9593	11.9524	16.1732	16.1674	16.1611	16.1543	17.2727	17.2661	17.2589	17.2589
43	8.7645	11.8240	11.8172	11.8098	15.9776	15.9714	15.9647	15.9575	17.0677	17.0607	17.0530	17.0530
44	8.6256	11.6421	11.6349	11.6271	15.7548	15.7481	15.7409	15.7333	16.8418	16.8343	16.8262	16.8262
45	8.4516	11.4365	11.4286	11.4203	15.5141	15.5069	15.4992	15.4909	16.6011	16.5931	16.5845	16.5845
46	8.3990	11.2999	11.2915	11.2826	15.3107	15.3032	15.2950	15.2862	16.3830	16.3746	16.3655	16.3655
47	8.2174	11.0839	11.0748	11.0650	15.0564	15.0485	15.0398	15.0303	16.1286	16.1196	16.1099	16.1099
48	8.1559	10.9367	10.9271	10.9167	14.8395	14.8310	14.8219	14.8119	15.8971	15.8874	15.8770	15.8770
49	8.0938	10.7862	10.7762	10.7652	14.6168	14.6078	14.5979	14.5875	15.6590	15.6488	15.6376	15.6376
50	7.8906	10.5484	10.5379	10.5260	14.3382	14.3283	14.3175	14.3060	15.3802	15.3694	15.3574	15.3574
51	7.6830	10.3043	10.2935	10.2810	14.0519	14.0412	14.0294	14.0167	15.0929	15.0815	15.0688	15.0688
52	7.8788	10.2974	10.2880	10.2765	13.9040	13.8932	13.8811	13.8678	14.8967	14.8845	14.8713	14.8713
53	7.6427	10.0299	10.0203	10.0085	13.5960	13.5848	13.5716	13.5571	14.5891	14.5758	14.5613	14.5613
54	7.4021	9.7569	9.7472	9.7351	13.2810	13.2696	13.2557	13.2399	14.2745	14.2600	14.2441	14.2441
55	8.0300	10.0013	9.9953	9.9867	13.2729	13.2633	13.2510	13.2362	14.1671	14.1525	14.1360	14.1360
56	8.0927	9.9120	9.9072	9.8997	13.0786	13.0696	13.0576	13.0428	13.9428	13.9273	13.9096	13.9096
57	7.8348	9.6205	9.6205	9.6126	12.7631	12.7539	12.7415	12.7262	13.6341	13.6179	13.5985	13.5985
58	8.4547	10.1014	10.1014	10.1014	12.9050	12.8990	12.8897	12.8771	13.6378	13.6228	13.6042	13.6042
59	8.1792	9.7912	9.7912	9.7912	12.5741	12.5680	12.5584	12.5455	13.3151	13.2998	13.2804	13.2804
60	7.8828	10.2770	10.2770	10.2770	12.6926	12.6926	12.6864	12.6765	13.3009	13.2875	13.2696	13.2696
61		10.5203	10.5203	10.5203	12.8265	12.8265	12.8265	12.8203	13.2928	13.2817	13.2656	13.2656
62		10.1677	10.1677	10.1677	12.4337	12.4337	12.4337	12.4337	12.9263	12.9148	12.8984	12.8984
63		9.8025	9.8025	9.8025	12.0262	12.0262	12.0262	12.0262	12.5535	12.5417	12.5247	12.5247
64					13.2359	13.2359	13.2359	13.2359	13.2359	13.2359	13.2270	13.2270
65					12.7902	12.7902	12.7902	12.7902	12.7902	12.7902	12.7902	12.7902
66					12.3478	12.3478	12.3478	12.3478	12.3478	12.3478	12.3478	12.3478
67					11.8994	11.8994	11.8994	11.8994	11.8994	11.8994	11.8994	11.8994
68					11.4454	11.4454	11.4454	11.4454	11.4454	11.4454	11.4454	11.4454
69					10.9856	10.9856	10.9856	10.9856	10.9856	10.9856	10.9856	10.9856
70					10.5198	10.5198	10.5198	10.5198	10.5198	10.5198	10.5198	10.5198

Table 7 Pension valuation factors (PF) — females — 2 completed years since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	10.5217	14.0477	14.0454
31	10.4227	13.9316	13.9290	13.9264
32	10.3291	13.8168	13.8139	13.8111	18.4214
33	10.2270	13.6952	13.6920	13.6888	18.2792	18.2766
34	10.1186	13.5679	13.5644	13.5609	18.1314	18.1285	18.1255
35	10.0195	13.4443	13.4404	13.4364	17.9833	17.9801	17.9768	17.9735
36	9.9051	13.3094	13.3053	13.3008	17.8261	17.8226	17.8189	17.8152	18.9586
37	9.7998	13.1776	13.1732	13.1684	17.6684	17.6644	17.6603	17.6562	18.7998	18.7960
38	9.6920	13.0420	13.0373	13.0323	17.5059	17.5015	17.4970	17.4924	18.6360	18.6318	18.6318
39	9.5676	12.8943	12.8892	12.8839	17.3337	17.3290	17.3240	17.3188	18.4640	18.4593	18.4593	18.4593
40	9.4399	12.7423	12.7369	12.7312	17.1561	17.1511	17.1458	17.1400	18.2867	18.2814	18.2814	18.2814
41	9.3282	12.5861	12.5803	12.5742	16.9599	16.9547	16.9490	16.9429	18.0865	18.0807	18.0807	18.0807
42	9.1695	12.3991	12.3929	12.3863	16.7419	16.7362	16.7302	16.7237	17.8694	17.8630	17.8630	17.8630
43	9.0058	12.2062	12.1995	12.1924	16.5165	16.5105	16.5041	16.4972	17.6450	17.6382	17.6382	17.6382
44	8.9257	12.0596	12.0526	12.0451	16.3152	16.3088	16.3020	16.2947	17.4341	17.4270	17.4270	17.4270
45	8.7817	11.8719	11.8646	11.8566	16.0859	16.0791	16.0717	16.0640	17.2018	17.1941	17.1941	17.1941
46	8.6016	11.6598	11.6517	11.6433	15.8383	15.8310	15.8231	15.8147	16.9544	16.9463	16.9463	16.9463
47	8.5464	11.5189	11.5104	11.5013	15.6296	15.6220	15.6136	15.6046	16.7307	16.7222	16.7222	16.7222
48	8.3587	11.2965	11.2872	11.2772	15.3685	15.3605	15.3516	15.3419	16.4698	16.4606	16.4606	16.4606
49	8.2935	11.1438	11.1340	11.1234	15.1451	15.1364	15.1271	15.1170	16.2315	16.2217	16.2217	16.2217
50	8.2276	10.9876	10.9774	10.9662	14.9155	14.9063	14.8962	14.8856	15.9864	15.9760	15.9760	15.9760
51	8.0165	10.7416	10.7310	10.7188	14.6284	14.6184	14.6074	14.5956	15.6995	15.6884	15.6884	15.6884
52	7.8014	10.4897	10.4787	10.4659	14.3340	14.3232	14.3111	14.2981	15.4043	15.3926	15.3926	15.3926
53	8.0009	10.4814	10.4718	10.4601	14.1817	14.1707	14.1583	14.1448	15.2025	15.1901	15.1901	15.1901
54	7.7556	10.2051	10.1953	10.1833	13.8654	13.8540	13.8405	13.8258	14.8872	14.8737	14.8737	14.8737
55	7.5054	9.9228	9.9130	9.9006	13.5419	13.5302	13.5161	13.5000	14.5645	14.5498	14.5498	14.5498
56	8.1780	10.2059	10.1997	10.1910	13.5719	13.5621	13.5494	13.5343	14.4924	14.4774	14.4774	14.4774
57	8.2406	10.1134	10.1086	10.1008	13.3737	13.3644	13.3520	13.3369	14.2639	14.2479	14.2479	14.2479
58	7.9729	9.8125	9.8125	9.8044	13.0505	13.0411	13.0283	13.0126	13.9485	13.9318	13.9318	13.9318
59	8.6115	10.3086	10.3086	10.3086	13.1985	13.1924	13.1829	13.1699	13.9544	13.9390	13.9390	13.9390
60	8.3272	9.9894	9.9894	9.9894	12.8593	12.8531	12.8432	12.8299	13.6240	13.6082	13.6082	13.6082
61	8.0214	10.4920	10.4920	10.4920	12.9839	12.9839	12.9776	12.9675	13.6120	13.5982	13.5982	13.5982
62		10.7460	10.7460	10.7460	13.1263	13.1263	13.1263	13.1199	13.6078	13.5964	13.5964	13.5964
63		10.3847	10.3847	10.3847	12.7245	12.7245	12.7245	12.7245	13.2333	13.2216	13.2216	13.2216
64		10.0098	10.0098	10.0098	12.3075	12.3075	12.3075	12.3075	12.8525	12.8405	12.8405	12.8405
65					13.5635	13.5635	13.5635	13.5635	13.5635	13.5635	13.5635	13.5635
66					13.1185	13.1185	13.1185	13.1185	13.1185	13.1185	13.1185	13.1185
67					12.6676	12.6676	12.6676	12.6676	12.6676	12.6676	12.6676	12.6676
68					12.2109	12.2109	12.2109	12.2109	12.2109	12.2109	12.2109	12.2109
69					11.7483	11.7483	11.7483	11.7483	11.7483	11.7483	11.7483	11.7483
70					11.2803	11.2803	11.2803	11.2803	11.2803	11.2803	11.2803	11.2803

Table 8 Pension valuation factors (PF) — females — 3 or more completed years since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	10.8632	14.4913
31	10.7638	14.3752	14.3729
32	10.6615	14.2556	14.2530	14.2503
33	10.5649	14.1375	14.1346	14.1317	18.8546
34	10.4593	14.0122	14.0089	14.0056	18.7084	18.7057
35	10.3475	13.8812	13.8776	13.8739	18.5566	18.5536	18.5506
36	10.2450	13.7537	13.7497	13.7457	18.4043	18.4010	18.3976	18.3942
37	10.1267	13.6147	13.6104	13.6059	18.2428	18.2391	18.2354	18.2316	19.4039
38	10.0181	13.4790	13.4745	13.4697	18.0808	18.0767	18.0725	18.0683	19.2409	19.2409
39	9.9063	13.3391	13.3342	13.3291	17.9138	17.9093	17.9046	17.8999	19.0727	19.0727	19.0727
40	9.7774	13.1866	13.1814	13.1760	17.7367	17.7319	17.7267	17.7214	18.8960	18.8960	18.8960	18.8960
41	9.6242	13.0061	13.0006	12.9947	17.5270	17.5220	17.5165	17.5106	18.6871	18.6871	18.6871	18.6871
42	9.5077	12.8444	12.8385	12.8323	17.3249	17.3195	17.3137	17.3075	18.4810	18.4810	18.4810	18.4810
43	9.3427	12.6508	12.6445	12.6378	17.1000	17.0943	17.0881	17.0815	18.2574	18.2574	18.2574	18.2574
44	9.1734	12.4520	12.4451	12.4379	16.8682	16.8622	16.8556	16.8485	18.0267	18.0267	18.0267	18.0267
45	9.0899	12.3005	12.2934	12.2858	16.6611	16.6546	16.6477	16.6402	17.8099	17.8099	17.8099	17.8099
46	8.9407	12.1069	12.0994	12.0913	16.4253	16.4184	16.4109	16.4030	17.5711	17.5711	17.5711	17.5711
47	8.7546	11.8885	11.8803	11.8717	16.1713	16.1639	16.1558	16.1472	17.3175	17.3175	17.3175	17.3175
48	8.6969	11.7433	11.7346	11.7254	15.9571	15.9494	15.9409	15.9317	17.0882	17.0882	17.0882	17.0882
49	8.5021	11.5136	11.5040	11.4939	15.6885	15.6803	15.6712	15.6614	16.8198	16.8198	16.8198	16.8198
50	8.4329	11.3551	11.3451	11.3343	15.4582	15.4494	15.4399	15.4295	16.5745	16.5745	16.5745	16.5745
51	8.3631	11.1932	11.1828	11.1714	15.2217	15.2123	15.2020	15.1912	16.3222	16.3222	16.3222	16.3222
52	8.1445	10.9394	10.9286	10.9161	14.9266	14.9164	14.9051	14.8931	16.0276	16.0276	16.0276	16.0276
53	7.9216	10.6793	10.6681	10.6551	14.6238	14.6127	14.6004	14.5872	15.7242	15.7242	15.7242	15.7242
54	8.1244	10.6697	10.6599	10.6480	14.4678	14.4567	14.4441	14.4302	15.5179	15.5179	15.5179	15.5179
55	7.8696	10.3843	10.3744	10.3621	14.1433	14.1317	14.1179	14.1028	15.1949	15.1949	15.1949	15.1949
56	7.6380	10.1252	10.1151	10.1024	13.8488	13.8368	13.8223	13.8058	14.9015	14.9015	14.9015	14.9015
57	8.3286	10.4162	10.4100	10.4010	13.8818	13.8717	13.8587	13.8431	14.8300	14.8300	14.8300	14.8300
58	8.3914	10.3208	10.3158	10.3078	13.6800	13.6704	13.6577	13.6422	14.5976	14.5976	14.5976	14.5976
59	8.1145	10.0107	10.0107	10.0023	13.3486	13.3389	13.3258	13.3096	14.2748	14.2748	14.2748	14.2748
60	8.7734	10.5234	10.5234	10.5234	13.5037	13.4974	13.4876	13.4743	14.2836	14.2836	14.2836	14.2836
61	8.4803	10.1950	10.1950	10.1950	13.1559	13.1496	13.1394	13.1258	13.9454	13.9454	13.9454	13.9454
62	8.1661	10.7168	10.7168	10.7168	13.2887	13.2887	13.2823	13.2719	13.9374	13.9374	13.9374	13.9374
63		10.9824	10.9824	10.9824	13.4401	13.4401	13.4401	13.4336	13.9376	13.9376	13.9376	13.9376
64		10.6119	10.6119	10.6119	13.0295	13.0295	13.0295	13.0295	13.5555	13.5555	13.5555	13.5555
65		10.2276	10.2276	10.2276	12.6031	12.6031	12.6031	12.6031	13.1668	13.1668	13.1668	13.1668
66					13.9122	13.9122	13.9122	13.9122	13.9122	13.9122	13.9122	13.9122
67					13.4589	13.4589	13.4589	13.4589	13.4589	13.4589	13.4589	13.4589
68					12.9997	12.9997	12.9997	12.9997	12.9997	12.9997	12.9997	12.9997
69					12.5346	12.5346	12.5346	12.5346	12.5346	12.5346	12.5346	12.5346
70					12.0640	12.0640	12.0640	12.0640	12.0640	12.0640	12.0640	12.0640

Table 9 Lump sum valuation factors (LSF) — males — less than 1 year since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	0.200871	0.121648	0.121648	0.121649	0.001354
31	0.200883	0.121686	0.121686	0.121686	0.001396	0.001397
32	0.200905	0.121729	0.121729	0.121729	0.001444	0.001444	0.001445
33	0.200921	0.121768	0.121768	0.121769	0.001494	0.001494	0.001495	0.001495
34	0.200963	0.121823	0.121823	0.121824	0.001557	0.001558	0.001558	0.001558	0.001337
35	0.201009	0.121883	0.121883	0.121884	0.001628	0.001629	0.001629	0.001630	0.001393	0.001393
36	0.201074	0.121962	0.121963	0.121963	0.001710	0.001710	0.001711	0.001711	0.001457	0.001457	0.001458
37	0.201173	0.122070	0.122071	0.122072	0.001806	0.001807	0.001807	0.001808	0.001531	0.001531	0.001532	0.001533
38	0.201299	0.122205	0.122206	0.122207	0.001917	0.001918	0.001918	0.001919	0.001617	0.001617	0.001618	0.001619
39	0.201391	0.122335	0.122337	0.122339	0.002037	0.002038	0.002039	0.002040	0.001714	0.001715	0.001716	0.001717
40	0.201539	0.122519	0.122521	0.122523	0.002199	0.002200	0.002202	0.002203	0.001845	0.001846	0.001847	0.001848
41	0.201817	0.122823	0.122826	0.122829	0.002463	0.002465	0.002466	0.002468	0.002053	0.002054	0.002056	0.002057
42	0.202011	0.123096	0.123099	0.123102	0.002720	0.002722	0.002724	0.002726	0.002258	0.002259	0.002261	0.002263
43	0.202327	0.123458	0.123462	0.123466	0.003047	0.003050	0.003053	0.003056	0.002515	0.002517	0.002519	0.002522
44	0.202721	0.123887	0.123892	0.123898	0.003438	0.003442	0.003445	0.003449	0.002822	0.002825	0.002828	0.002831
45	0.202930	0.124235	0.124241	0.124248	0.003808	0.003813	0.003817	0.003822	0.003125	0.003128	0.003132	0.003136
46	0.203463	0.124811	0.124819	0.124827	0.004340	0.004346	0.004352	0.004358	0.003546	0.003551	0.003556	0.003561
47	0.203922	0.125372	0.125382	0.125392	0.004876	0.004883	0.004890	0.004898	0.003972	0.003977	0.003984	0.003990
48	0.204276	0.125912	0.125924	0.125936	0.005415	0.005423	0.005432	0.005441	0.004410	0.004418	0.004425	0.004434
49	0.205106	0.126786	0.126802	0.126818	0.006188	0.006199	0.006211	0.006223	0.005021	0.005030	0.005040	0.005051
50	0.206093	0.127824	0.127847	0.127869	0.007100	0.007115	0.007130	0.007145	0.005741	0.005753	0.005766	0.005780
51	0.206567	0.128787	0.128811	0.128838	0.008087	0.008104	0.008122	0.008141	0.006549	0.006564	0.006580	0.006598
52	0.208420	0.130709	0.130740	0.130776	0.009699	0.009723	0.009749	0.009775	0.007791	0.007811	0.007832	0.007856
53	0.210589	0.132973	0.133013	0.133060	0.011600	0.011635	0.011671	0.011707	0.009260	0.009287	0.009316	0.009346
54	0.209647	0.133548	0.133575	0.133614	0.012604	0.012641	0.012682	0.012726	0.010148	0.010180	0.010215	0.010251
55	0.211428	0.135968	0.135997	0.136040	0.014888	0.014933	0.014987	0.015046	0.011983	0.012026	0.012072	0.012120
56	0.213080	0.138126	0.138126	0.138175	0.016987	0.017039	0.017105	0.017179	0.013721	0.013778	0.013836	0.013897
57	0.209807	0.135958	0.135958	0.135958	0.016620	0.016653	0.016704	0.016768	0.013799	0.013859	0.013925	0.013991
58	0.211436	0.138130	0.138130	0.138130	0.018981	0.019019	0.019076	0.019151	0.015853	0.015929	0.016014	0.016103
59	0.214078	0.137357	0.137357	0.137357	0.019719	0.019719	0.019765	0.019832	0.016831	0.016912	0.017010	0.017117
60		0.135281	0.135281	0.135281	0.018469	0.018469	0.018469	0.018506	0.016484	0.016554	0.016649	0.016762
61		0.137430	0.137430	0.137430	0.020889	0.020889	0.020889	0.020889	0.018657	0.018737	0.018848	0.018986
62		0.139733	0.139733	0.139733	0.023396	0.023396	0.023396	0.023396	0.020831	0.020921	0.021047	0.021209
63					0.015247	0.015247	0.015247	0.015247	0.015247	0.015247	0.015313	0.015419
64					0.016917	0.016917	0.016917	0.016917	0.016917	0.016917	0.016917	0.017038
65					0.018868	0.018868	0.018868	0.018868	0.018868	0.018868	0.018868	0.018868
66					0.020852	0.020852	0.020852	0.020852	0.020852	0.020852	0.020852	0.020852
67					0.022995	0.022995	0.022995	0.022995	0.022995	0.022995	0.022995	0.022995
68					0.025315	0.025315	0.025315	0.025315	0.025315	0.025315	0.025315	0.025315
69					0.027836	0.027836	0.027836	0.027836	0.027836	0.027836	0.027836	0.027836
70					0.030557	0.030557	0.030557	0.030557	0.030557	0.030557	0.030557	0.030557

Table 10 Lump sum valuation factors (LSF) — males — 1 completed year since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	0.213904	0.129455	0.129455	0.129455
31	0.213919	0.129492	0.129492	0.129493	0.001292
32	0.213938	0.129535	0.129535	0.129535	0.001334	0.001334
33	0.213968	0.129583	0.129584	0.129584	0.001382	0.001382	0.001383
34	0.213998	0.129632	0.129633	0.129633	0.001433	0.001434	0.001434	0.001434
35	0.214055	0.129698	0.129699	0.129699	0.001499	0.001499	0.001500	0.001500	0.001252
36	0.214122	0.129772	0.129773	0.129774	0.001574	0.001574	0.001574	0.001575	0.001309	0.001310
37	0.214204	0.129862	0.129863	0.129864	0.001654	0.001654	0.001655	0.001656	0.001371	0.001371	0.001372
38	0.214328	0.129986	0.129987	0.129988	0.001752	0.001752	0.001753	0.001754	0.001443	0.001444	0.001445	0.001445
39	0.214472	0.130137	0.130139	0.130140	0.001873	0.001874	0.001874	0.001875	0.001537	0.001538	0.001539	0.001539
40	0.214579	0.130282	0.130283	0.130285	0.002000	0.002001	0.002002	0.002003	0.001639	0.001640	0.001641	0.001641
41	0.214857	0.130570	0.130572	0.130575	0.002236	0.002237	0.002238	0.002240	0.001822	0.001823	0.001825	0.001825
42	0.215159	0.130891	0.130894	0.130897	0.002500	0.002502	0.002504	0.002506	0.002025	0.002027	0.002028	0.002028
43	0.215372	0.131179	0.131182	0.131186	0.002757	0.002760	0.002762	0.002764	0.002223	0.002225	0.002227	0.002227
44	0.215736	0.131576	0.131580	0.131585	0.003094	0.003097	0.003100	0.003103	0.002482	0.002484	0.002487	0.002487
45	0.216193	0.132050	0.132056	0.132063	0.003501	0.003505	0.003509	0.003513	0.002796	0.002800	0.002803	0.002803
46	0.216454	0.132442	0.132449	0.132456	0.003885	0.003890	0.003895	0.003900	0.003105	0.003109	0.003114	0.003114
47	0.217059	0.133063	0.133072	0.133081	0.004417	0.004424	0.004430	0.004437	0.003515	0.003520	0.003526	0.003526
48	0.217592	0.133674	0.133685	0.133697	0.004954	0.004961	0.004970	0.004978	0.003928	0.003935	0.003942	0.003942
49	0.218006	0.134260	0.134273	0.134287	0.005494	0.005503	0.005513	0.005524	0.004357	0.004366	0.004375	0.004375
50	0.218949	0.135217	0.135235	0.135253	0.006294	0.006306	0.006318	0.006331	0.004976	0.004987	0.004999	0.004999
51	0.220624	0.136804	0.136830	0.136856	0.007565	0.007582	0.007599	0.007617	0.005944	0.005958	0.005974	0.005974
52	0.221067	0.137767	0.137795	0.137826	0.008502	0.008522	0.008543	0.008565	0.006688	0.006705	0.006725	0.006725
53	0.223112	0.139835	0.139871	0.139913	0.010158	0.010187	0.010216	0.010246	0.007929	0.007952	0.007977	0.007977
54	0.225483	0.142261	0.142307	0.142361	0.012119	0.012159	0.012201	0.012242	0.009408	0.009439	0.009472	0.009472
55	0.224278	0.142734	0.142765	0.142810	0.013032	0.013074	0.013122	0.013172	0.010205	0.010242	0.010282	0.010282
56	0.225217	0.144381	0.144413	0.144459	0.014669	0.014717	0.014775	0.014838	0.011543	0.011589	0.011638	0.011638
57	0.226955	0.146608	0.146608	0.146660	0.016742	0.016799	0.016869	0.016948	0.013225	0.013286	0.013349	0.013349
58	0.223424	0.144205	0.144205	0.144205	0.016180	0.016216	0.016270	0.016340	0.013134	0.013199	0.013270	0.013270
59	0.225135	0.146400	0.146400	0.146400	0.018415	0.018455	0.018517	0.018598	0.015032	0.015114	0.015207	0.015207
60	0.227936	0.145422	0.145422	0.145422	0.018892	0.018892	0.018941	0.019014	0.015760	0.015848	0.015955	0.015955
61		0.142998	0.142998	0.142998	0.017200	0.017200	0.017200	0.017241	0.015035	0.015112	0.015216	0.015216
62		0.144934	0.144934	0.144934	0.019270	0.019270	0.019270	0.019270	0.016832	0.016919	0.017041	0.017041
63		0.146988	0.146988	0.146988	0.021390	0.021390	0.021390	0.021390	0.018586	0.018684	0.018823	0.018823
64					0.012017	0.012017	0.012017	0.012017	0.012017	0.012017	0.012089	0.012089
65					0.013403	0.013403	0.013403	0.013403	0.013403	0.013403	0.013403	0.013403
66					0.014832	0.014832	0.014832	0.014832	0.014832	0.014832	0.014832	0.014832
67					0.016381	0.016381	0.016381	0.016381	0.016381	0.016381	0.016381	0.016381
68					0.018050	0.018050	0.018050	0.018050	0.018050	0.018050	0.018050	0.018050
69					0.019856	0.019856	0.019856	0.019856	0.019856	0.019856	0.019856	0.019856
70					0.021835	0.021835	0.021835	0.021835	0.021835	0.021835	0.021835	0.021835

Table 11 Lump sum valuation factors (LSF) — males — 2 completed years since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	0.227777	0.137767	0.137767
31	0.227803	0.137807	0.137807	0.137807
32	0.227825	0.137849	0.137849	0.137850	0.001214
33	0.227853	0.137898	0.137898	0.137899	0.001256	0.001257
34	0.227899	0.137957	0.137958	0.137958	0.001305	0.001306	0.001306
35	0.227944	0.138017	0.138017	0.138018	0.001358	0.001358	0.001359	0.001359
36	0.228024	0.138098	0.138099	0.138099	0.001426	0.001427	0.001427	0.001428	0.001141
37	0.228110	0.138183	0.138184	0.138185	0.001499	0.001500	0.001500	0.001501	0.001195	0.001196
38	0.228216	0.138288	0.138289	0.138290	0.001580	0.001580	0.001581	0.001582	0.001253	0.001254	0.001254
39	0.228358	0.138428	0.138429	0.138430	0.001686	0.001687	0.001688	0.001688	0.001331	0.001332	0.001332	0.001332
40	0.228521	0.138594	0.138595	0.138597	0.001814	0.001815	0.001816	0.001817	0.001428	0.001429	0.001429	0.001429
41	0.228744	0.138830	0.138832	0.138834	0.002003	0.002004	0.002005	0.002006	0.001572	0.001573	0.001573	0.001573
42	0.229046	0.139134	0.139136	0.139139	0.002236	0.002237	0.002239	0.002240	0.001746	0.001748	0.001748	0.001748
43	0.229379	0.139476	0.139479	0.139482	0.002502	0.002504	0.002506	0.002508	0.001943	0.001945	0.001945	0.001945
44	0.229629	0.139790	0.139794	0.139798	0.002760	0.002762	0.002765	0.002768	0.002135	0.002137	0.002137	0.002137
45	0.230052	0.140230	0.140235	0.140240	0.003107	0.003110	0.003114	0.003117	0.002394	0.002397	0.002397	0.002397
46	0.230590	0.140762	0.140769	0.140775	0.003532	0.003536	0.003541	0.003545	0.002716	0.002720	0.002720	0.002720
47	0.230895	0.141180	0.141188	0.141196	0.003900	0.003906	0.003911	0.003917	0.003000	0.003005	0.003005	0.003005
48	0.231593	0.141859	0.141869	0.141880	0.004433	0.004440	0.004447	0.004455	0.003396	0.003402	0.003402	0.003402
49	0.232207	0.142526	0.142538	0.142551	0.004969	0.004978	0.004987	0.004997	0.003795	0.003803	0.003803	0.003803
50	0.232692	0.143165	0.143180	0.143195	0.005511	0.005521	0.005532	0.005544	0.004212	0.004222	0.004222	0.004222
51	0.234256	0.144603	0.144624	0.144646	0.006607	0.006621	0.006636	0.006652	0.005026	0.005039	0.005039	0.005039
52	0.236108	0.146304	0.146334	0.146365	0.007886	0.007905	0.007926	0.007947	0.005966	0.005983	0.005983	0.005983
53	0.236515	0.147265	0.147297	0.147333	0.008765	0.008788	0.008813	0.008839	0.006639	0.006660	0.006660	0.006660
54	0.238748	0.149473	0.149515	0.149563	0.010454	0.010487	0.010521	0.010557	0.007867	0.007894	0.007894	0.007894
55	0.241351	0.152078	0.152131	0.152193	0.012476	0.012522	0.012570	0.012618	0.009357	0.009393	0.009393	0.009393
56	0.238978	0.151624	0.151658	0.151706	0.012672	0.012717	0.012768	0.012821	0.009620	0.009660	0.009660	0.009660
57	0.239960	0.153306	0.153340	0.153390	0.014247	0.014299	0.014361	0.014429	0.010869	0.010918	0.010918	0.010918
58	0.241812	0.155621	0.155621	0.155677	0.016299	0.016360	0.016435	0.016521	0.012494	0.012560	0.012560	0.012560
59	0.238002	0.152915	0.152915	0.152915	0.015392	0.015430	0.015489	0.015564	0.012083	0.012154	0.012154	0.012154
60	0.239817	0.155137	0.155137	0.155137	0.017472	0.017516	0.017582	0.017670	0.013791	0.013881	0.013881	0.013881
61	0.242759	0.153906	0.153906	0.153906	0.017637	0.017637	0.017691	0.017769	0.014219	0.014315	0.014315	0.014315
62		0.150906	0.150906	0.150906	0.015255	0.015255	0.015255	0.015299	0.012875	0.012959	0.012959	0.012959
63		0.152567	0.152567	0.152567	0.016895	0.016895	0.016895	0.016895	0.014211	0.014307	0.014307	0.014307
64		0.154476	0.154476	0.154476	0.018778	0.018778	0.018778	0.018778	0.015689	0.015798	0.015798	0.015798
65					0.007992	0.007992	0.007992	0.007992	0.007992	0.007992	0.007992	0.007992
66					0.008854	0.008854	0.008854	0.008854	0.008854	0.008854	0.008854	0.008854
67					0.009793	0.009793	0.009793	0.009793	0.009793	0.009793	0.009793	0.009793
68					0.010807	0.010807	0.010807	0.010807	0.010807	0.010807	0.010807	0.010807
69					0.011894	0.011894	0.011894	0.011894	0.011894	0.011894	0.011894	0.011894
70					0.013083	0.013083	0.013083	0.013083	0.013083	0.013083	0.013083	0.013083

Table 12 Lump sum valuation factors (LSF) — males — 3 or more completed years since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	0.242550	0.146619
31	0.242582	0.146660	0.146660
32	0.242617	0.146705	0.146706	0.146706
33	0.242649	0.146754	0.146754	0.146755	0.001120
34	0.242693	0.146814	0.146815	0.146815	0.001162	0.001163
35	0.242756	0.146885	0.146886	0.146886	0.001212	0.001213	0.001213
36	0.242825	0.146961	0.146961	0.146962	0.001267	0.001267	0.001268	0.001268
37	0.242925	0.147054	0.147054	0.147055	0.001333	0.001333	0.001334	0.001335	0.000996
38	0.243037	0.147155	0.147156	0.147156	0.001405	0.001405	0.001406	0.001407	0.001046	0.001046
39	0.243160	0.147274	0.147275	0.147276	0.001492	0.001493	0.001494	0.001495	0.001108	0.001108	0.001108
40	0.243321	0.147427	0.147429	0.147430	0.001604	0.001605	0.001605	0.001606	0.001186	0.001186	0.001186	0.001186
41	0.243595	0.147679	0.147681	0.147683	0.001785	0.001786	0.001787	0.001788	0.001317	0.001317	0.001317	0.001317
42	0.243836	0.147925	0.147927	0.147929	0.001966	0.001968	0.001969	0.001970	0.001448	0.001448	0.001448	0.001448
43	0.244169	0.148248	0.148250	0.148253	0.002197	0.002199	0.002201	0.002203	0.001613	0.001613	0.001613	0.001613
44	0.244552	0.148623	0.148627	0.148631	0.002466	0.002468	0.002471	0.002473	0.001803	0.001803	0.001803	0.001803
45	0.244850	0.148971	0.148976	0.148980	0.002725	0.002728	0.002731	0.002734	0.001987	0.001987	0.001987	0.001987
46	0.245352	0.149466	0.149471	0.149477	0.003083	0.003087	0.003091	0.003095	0.002247	0.002247	0.002247	0.002247
47	0.245965	0.150041	0.150048	0.150056	0.003496	0.003501	0.003507	0.003512	0.002545	0.002545	0.002545	0.002545
48	0.246334	0.150497	0.150506	0.150515	0.003848	0.003854	0.003860	0.003867	0.002802	0.002802	0.002802	0.002802
49	0.247135	0.151241	0.151252	0.151263	0.004380	0.004388	0.004397	0.004405	0.003182	0.003182	0.003182	0.003182
50	0.247843	0.151971	0.151984	0.151999	0.004917	0.004927	0.004937	0.004948	0.003564	0.003564	0.003564	0.003564
51	0.248841	0.153004	0.153021	0.153039	0.005682	0.005694	0.005707	0.005722	0.004120	0.004120	0.004120	0.004120
52	0.250572	0.154538	0.154563	0.154588	0.006765	0.006782	0.006800	0.006818	0.004890	0.004890	0.004890	0.004890
53	0.252621	0.156363	0.156398	0.156434	0.008051	0.008073	0.008097	0.008122	0.005802	0.005802	0.005802	0.005802
54	0.252962	0.157299	0.157337	0.157378	0.008851	0.008878	0.008907	0.008937	0.006386	0.006386	0.006386	0.006386
55	0.255412	0.159664	0.159713	0.159768	0.010572	0.010610	0.010649	0.010690	0.007601	0.007601	0.007601	0.007601
56	0.257263	0.161630	0.161686	0.161752	0.012068	0.012117	0.012169	0.012221	0.008695	0.008695	0.008695	0.008695
57	0.254706	0.161064	0.161101	0.161152	0.012097	0.012145	0.012200	0.012258	0.008788	0.008788	0.008788	0.008788
58	0.255755	0.162800	0.162837	0.162890	0.013611	0.013667	0.013734	0.013808	0.009944	0.009944	0.009944	0.009944
59	0.257744	0.165169	0.165169	0.165229	0.015507	0.015572	0.015654	0.015747	0.011370	0.011370	0.011370	0.011370
60	0.253647	0.162136	0.162136	0.162136	0.014205	0.014246	0.014310	0.014392	0.010590	0.010590	0.010590	0.010590
61	0.255541	0.164357	0.164357	0.164357	0.016090	0.016137	0.016209	0.016306	0.012063	0.012063	0.012063	0.012063
62	0.258472	0.162673	0.162673	0.162673	0.015722	0.015722	0.015781	0.015867	0.011966	0.011966	0.011966	0.011966
63		0.158940	0.158940	0.158940	0.012484	0.012484	0.012484	0.012533	0.009860	0.009860	0.009860	0.009860
64		0.160419	0.160419	0.160419	0.013836	0.013836	0.013836	0.013836	0.010875	0.010875	0.010875	0.010875
65		0.162173	0.162173	0.162173	0.015458	0.015458	0.015458	0.015458	0.012048	0.012048	0.012048	0.012048
66					0.002939	0.002939	0.002939	0.002939	0.002939	0.002939	0.002939	0.002939
67					0.003254	0.003254	0.003254	0.003254	0.003254	0.003254	0.003254	0.003254
68					0.003596	0.003596	0.003596	0.003596	0.003596	0.003596	0.003596	0.003596
69					0.003960	0.003960	0.003960	0.003960	0.003960	0.003960	0.003960	0.003960
70					0.004355	0.004355	0.004355	0.004355	0.004355	0.004355	0.004355	0.004355

Table 13 Lump sum valuation factors (LSF) — females — less than 1 year since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	0.200702	0.121397	0.121397	0.121397	0.001052
31	0.200756	0.121472	0.121472	0.121472	0.001136	0.001136
32	0.200816	0.121551	0.121552	0.121552	0.001220	0.001221	0.001221
33	0.200857	0.121617	0.121618	0.121618	0.001287	0.001288	0.001288	0.001288
34	0.200918	0.121703	0.121704	0.121705	0.001371	0.001372	0.001372	0.001373	0.001140
35	0.200976	0.121797	0.121798	0.121799	0.001460	0.001460	0.001461	0.001462	0.001208	0.001209
36	0.201040	0.121906	0.121907	0.121908	0.001568	0.001569	0.001570	0.001570	0.001294	0.001295	0.001295
37	0.201124	0.122033	0.122034	0.122036	0.001694	0.001695	0.001696	0.001697	0.001393	0.001394	0.001395	0.001396
38	0.201221	0.122177	0.122178	0.122179	0.001843	0.001844	0.001845	0.001846	0.001513	0.001514	0.001515	0.001516
39	0.201295	0.122312	0.122314	0.122315	0.001998	0.001999	0.002000	0.002002	0.001639	0.001640	0.001642	0.001643
40	0.201421	0.122489	0.122491	0.122493	0.002190	0.002192	0.002193	0.002195	0.001797	0.001798	0.001799	0.001801
41	0.201733	0.122821	0.122823	0.122826	0.002502	0.002504	0.002506	0.002508	0.002045	0.002047	0.002049	0.002051
42	0.202016	0.123154	0.123157	0.123160	0.002818	0.002820	0.002822	0.002825	0.002300	0.002302	0.002304	0.002306
43	0.202427	0.123585	0.123588	0.123592	0.003205	0.003208	0.003211	0.003214	0.002615	0.002618	0.002620	0.002624
44	0.202901	0.124072	0.124077	0.124082	0.003640	0.003644	0.003647	0.003651	0.002971	0.002974	0.002977	0.002981
45	0.203241	0.124506	0.124512	0.124518	0.004057	0.004061	0.004065	0.004070	0.003320	0.003323	0.003328	0.003332
46	0.203821	0.125112	0.125119	0.125127	0.004592	0.004597	0.004603	0.004609	0.003748	0.003753	0.003758	0.003764
47	0.204288	0.125672	0.125681	0.125691	0.005102	0.005108	0.005115	0.005122	0.004147	0.004153	0.004159	0.004166
48	0.204611	0.126177	0.126188	0.126199	0.005589	0.005597	0.005605	0.005614	0.004526	0.004533	0.004541	0.004549
49	0.205292	0.126943	0.126956	0.126970	0.006261	0.006272	0.006283	0.006294	0.005032	0.005041	0.005050	0.005061
50	0.206099	0.127861	0.127877	0.127895	0.007078	0.007092	0.007106	0.007121	0.005664	0.005675	0.005687	0.005699
51	0.206012	0.128313	0.128328	0.128345	0.007676	0.007691	0.007707	0.007725	0.006177	0.006190	0.006205	0.006220
52	0.206927	0.129410	0.129428	0.129449	0.008719	0.008737	0.008757	0.008779	0.007020	0.007037	0.007056	0.007074
53	0.208000	0.130662	0.130683	0.130708	0.009931	0.009952	0.009977	0.010004	0.008029	0.008051	0.008075	0.008099
54	0.206917	0.130657	0.130671	0.130690	0.010435	0.010454	0.010478	0.010507	0.008584	0.008609	0.008637	0.008666
55	0.207565	0.131714	0.131729	0.131750	0.011614	0.011636	0.011664	0.011696	0.009605	0.009636	0.009670	0.009706
56	0.208387	0.132797	0.132797	0.132822	0.012739	0.012765	0.012796	0.012834	0.010568	0.010603	0.010644	0.010688
57	0.206051	0.131097	0.131097	0.131097	0.012177	0.012194	0.012218	0.012250	0.010345	0.010379	0.010420	0.010467
58	0.206724	0.132049	0.132049	0.132049	0.013162	0.013181	0.013209	0.013245	0.011167	0.011206	0.011254	0.011308
59	0.208181	0.131161	0.131161	0.131161	0.013124	0.013124	0.013148	0.013181	0.011294	0.011333	0.011382	0.011441
60		0.129478	0.129478	0.129478	0.011866	0.011866	0.011866	0.011885	0.010619	0.010652	0.010698	0.010755
61		0.130460	0.130460	0.130460	0.012994	0.012994	0.012994	0.012994	0.011597	0.011636	0.011688	0.011753
62		0.131592	0.131592	0.131592	0.014288	0.014288	0.014288	0.014288	0.012693	0.012739	0.012800	0.012875
63					0.009129	0.009129	0.009129	0.009129	0.009129	0.009129	0.009161	0.009212
64					0.010088	0.010088	0.010088	0.010088	0.010088	0.010088	0.010088	0.010147
65					0.011234	0.011234	0.011234	0.011234	0.011234	0.011234	0.011234	0.011234
66					0.012436	0.012436	0.012436	0.012436	0.012436	0.012436	0.012436	0.012436
67					0.013777	0.013777	0.013777	0.013777	0.013777	0.013777	0.013777	0.013777
68					0.015276	0.015276	0.015276	0.015276	0.015276	0.015276	0.015276	0.015276
69					0.017013	0.017013	0.017013	0.017013	0.017013	0.017013	0.017013	0.017013
70					0.019064	0.019064	0.019064	0.019064	0.019064	0.019064	0.019064	0.019064

Table 14 Lump sum valuation factors (LSF) — females — 1 completed year since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	0.213719	0.129197	0.129198	0.129198
31	0.213769	0.129269	0.129269	0.129269	0.001037
32	0.213831	0.129346	0.129346	0.129347	0.001114	0.001114
33	0.213887	0.129416	0.129416	0.129417	0.001177	0.001177	0.001178
34	0.213944	0.129494	0.129495	0.129495	0.001248	0.001248	0.001249	0.001249
35	0.214014	0.129584	0.129585	0.129586	0.001328	0.001328	0.001329	0.001330	0.001073
36	0.214092	0.129695	0.129696	0.129697	0.001425	0.001426	0.001427	0.001427	0.001149	0.001149
37	0.214171	0.129817	0.129818	0.129819	0.001536	0.001537	0.001537	0.001538	0.001234	0.001235	0.001236
38	0.214271	0.129958	0.129959	0.129961	0.001668	0.001669	0.001670	0.001671	0.001337	0.001338	0.001339	0.001339
39	0.214391	0.130117	0.130118	0.130120	0.001818	0.001819	0.001820	0.001822	0.001455	0.001456	0.001457	0.001457
40	0.214489	0.130271	0.130272	0.130274	0.001977	0.001978	0.001980	0.001981	0.001583	0.001584	0.001585	0.001585
41	0.214791	0.130587	0.130589	0.130591	0.002260	0.002262	0.002263	0.002265	0.001803	0.001804	0.001806	0.001806
42	0.215142	0.130942	0.130945	0.130948	0.002570	0.002572	0.002574	0.002576	0.002042	0.002044	0.002046	0.002046
43	0.215471	0.131308	0.131311	0.131315	0.002893	0.002895	0.002898	0.002900	0.002296	0.002299	0.002302	0.002302
44	0.215916	0.131759	0.131763	0.131768	0.003275	0.003278	0.003281	0.003285	0.002599	0.002602	0.002606	0.002606
45	0.216436	0.132277	0.132283	0.132289	0.003715	0.003719	0.003723	0.003727	0.002952	0.002956	0.002960	0.002960
46	0.216797	0.132724	0.132731	0.132738	0.004119	0.004123	0.004128	0.004133	0.003283	0.003287	0.003292	0.003292
47	0.217399	0.133332	0.133340	0.133349	0.004618	0.004624	0.004630	0.004636	0.003665	0.003670	0.003676	0.003676
48	0.217878	0.133891	0.133902	0.133913	0.005092	0.005100	0.005107	0.005115	0.004018	0.004025	0.004032	0.004032
49	0.218236	0.134424	0.134436	0.134449	0.005573	0.005582	0.005591	0.005601	0.004381	0.004388	0.004397	0.004397
50	0.219004	0.135260	0.135274	0.135290	0.006273	0.006285	0.006297	0.006310	0.004898	0.004908	0.004919	0.004919
51	0.219912	0.136262	0.136279	0.136299	0.007128	0.007143	0.007159	0.007175	0.005550	0.005562	0.005575	0.005575
52	0.219804	0.136717	0.136733	0.136753	0.007708	0.007724	0.007742	0.007761	0.006038	0.006052	0.006068	0.006068
53	0.220818	0.137900	0.137920	0.137943	0.008792	0.008811	0.008834	0.008858	0.006903	0.006923	0.006943	0.006943
54	0.221955	0.139181	0.139204	0.139232	0.009959	0.009982	0.010009	0.010039	0.007849	0.007873	0.007899	0.007899
55	0.220709	0.139070	0.139086	0.139107	0.010334	0.010355	0.010382	0.010413	0.008284	0.008312	0.008342	0.008342
56	0.221039	0.139809	0.139825	0.139848	0.011189	0.011212	0.011242	0.011277	0.009032	0.009065	0.009102	0.009102
57	0.221869	0.140860	0.140860	0.140887	0.012193	0.012220	0.012254	0.012294	0.009859	0.009897	0.009942	0.009942
58	0.219307	0.138915	0.138915	0.138915	0.011365	0.011383	0.011409	0.011443	0.009394	0.009430	0.009474	0.009474
59	0.220023	0.139888	0.139888	0.139888	0.012306	0.012327	0.012357	0.012396	0.010159	0.010201	0.010252	0.010252
60	0.221576	0.138883	0.138883	0.138883	0.012148	0.012148	0.012173	0.012209	0.010175	0.010217	0.010271	0.010271
61		0.137034	0.137034	0.137034	0.010697	0.010697	0.010697	0.010717	0.009349	0.009385	0.009434	0.009434
62		0.137969	0.137969	0.137969	0.011720	0.011720	0.011720	0.011720	0.010210	0.010252	0.010308	0.010308
63		0.139074	0.139074	0.139074	0.012936	0.012936	0.012936	0.012936	0.011211	0.011260	0.011327	0.011327
64					0.007122	0.007122	0.007122	0.007122	0.007122	0.007122	0.007157	0.007157
65					0.007925	0.007925	0.007925	0.007925	0.007925	0.007925	0.007925	0.007925
66					0.008773	0.008773	0.008773	0.008773	0.008773	0.008773	0.008773	0.008773
67					0.009718	0.009718	0.009718	0.009718	0.009718	0.009718	0.009718	0.009718
68					0.010767	0.010767	0.010767	0.010767	0.010767	0.010767	0.010767	0.010767
69					0.011951	0.011951	0.011951	0.011951	0.011951	0.011951	0.011951	0.011951
70					0.013337	0.013337	0.013337	0.013337	0.013337	0.013337	0.013337	0.013337

Table 15 Lump sum valuation factors (LSF) — females — 2 completed years since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	0.227574	0.137500	0.137501
31	0.227636	0.137578	0.137578	0.137578
32	0.227695	0.137652	0.137652	0.137652	0.001003
33	0.227754	0.137719	0.137720	0.137720	0.001059	0.001059
34	0.227828	0.137802	0.137803	0.137803	0.001126	0.001126	0.001126
35	0.227894	0.137885	0.137886	0.137886	0.001191	0.001192	0.001192	0.001193
36	0.227985	0.137992	0.137993	0.137994	0.001279	0.001279	0.001280	0.001281	0.000993
37	0.228081	0.138116	0.138117	0.138118	0.001377	0.001378	0.001379	0.001379	0.001067	0.001068
38	0.228177	0.138251	0.138253	0.138254	0.001493	0.001494	0.001494	0.001495	0.001155	0.001155	0.001155
39	0.228299	0.138409	0.138410	0.138411	0.001625	0.001626	0.001627	0.001628	0.001253	0.001254	0.001254	0.001254
40	0.228447	0.138588	0.138590	0.138591	0.001778	0.001779	0.001780	0.001782	0.001371	0.001372	0.001372	0.001372
41	0.228708	0.138867	0.138869	0.138871	0.002012	0.002014	0.002015	0.002017	0.001547	0.001549	0.001549	0.001549
42	0.229050	0.139206	0.139209	0.139211	0.002290	0.002292	0.002294	0.002296	0.001755	0.001757	0.001757	0.001757
43	0.229456	0.139599	0.139602	0.139605	0.002607	0.002609	0.002611	0.002614	0.001993	0.001995	0.001995	0.001995
44	0.229811	0.139977	0.139981	0.139985	0.002917	0.002920	0.002923	0.002926	0.002227	0.002230	0.002230	0.002230
45	0.230299	0.140456	0.140460	0.140465	0.003299	0.003302	0.003306	0.003310	0.002522	0.002525	0.002525	0.002525
46	0.230863	0.140998	0.141004	0.141011	0.003729	0.003734	0.003738	0.003743	0.002858	0.002862	0.002862	0.002862
47	0.231222	0.141430	0.141438	0.141445	0.004083	0.004088	0.004094	0.004100	0.003133	0.003137	0.003137	0.003137
48	0.231854	0.142044	0.142054	0.142064	0.004548	0.004554	0.004561	0.004568	0.003469	0.003475	0.003475	0.003475
49	0.232386	0.142640	0.142651	0.142664	0.005015	0.005023	0.005031	0.005041	0.003805	0.003812	0.003812	0.003812
50	0.232797	0.143219	0.143232	0.143246	0.005504	0.005514	0.005524	0.005535	0.004165	0.004174	0.004174	0.004174
51	0.233664	0.144131	0.144147	0.144165	0.006231	0.006244	0.006258	0.006272	0.004691	0.004702	0.004702	0.004702
52	0.234660	0.145198	0.145217	0.145238	0.007097	0.007113	0.007131	0.007149	0.005335	0.005348	0.005348	0.005348
53	0.234544	0.145671	0.145689	0.145711	0.007670	0.007688	0.007708	0.007729	0.005810	0.005826	0.005826	0.005826
54	0.235621	0.146880	0.146902	0.146927	0.008697	0.008718	0.008743	0.008770	0.006600	0.006622	0.006622	0.006622
55	0.236836	0.148196	0.148221	0.148251	0.009808	0.009833	0.009863	0.009897	0.007472	0.007498	0.007498	0.007498
56	0.235113	0.147685	0.147702	0.147725	0.009814	0.009837	0.009866	0.009899	0.007610	0.007640	0.007640	0.007640
57	0.235426	0.148371	0.148389	0.148413	0.010527	0.010552	0.010584	0.010622	0.008206	0.008241	0.008241	0.008241
58	0.236270	0.149384	0.149384	0.149412	0.011377	0.011407	0.011443	0.011487	0.008864	0.008905	0.008905	0.008905
59	0.233523	0.147254	0.147254	0.147254	0.010373	0.010393	0.010420	0.010457	0.008246	0.008285	0.008285	0.008285
60	0.234287	0.148250	0.148250	0.148250	0.011264	0.011287	0.011320	0.011361	0.008947	0.008992	0.008992	0.008992
61	0.235959	0.147133	0.147133	0.147133	0.010994	0.010994	0.011021	0.011060	0.008861	0.008906	0.008906	0.008906
62		0.145025	0.145025	0.145025	0.009240	0.009240	0.009240	0.009263	0.007778	0.007817	0.007817	0.007817
63		0.145921	0.145921	0.145921	0.010163	0.010163	0.010163	0.010163	0.008524	0.008569	0.008569	0.008569
64		0.146990	0.146990	0.146990	0.011256	0.011256	0.011256	0.011256	0.009382	0.009436	0.009436	0.009436
65					0.004698	0.004698	0.004698	0.004698	0.004698	0.004698	0.004698	0.004698
66					0.005200	0.005200	0.005200	0.005200	0.005200	0.005200	0.005200	0.005200
67					0.005762	0.005762	0.005762	0.005762	0.005762	0.005762	0.005762	0.005762
68					0.006381	0.006381	0.006381	0.006381	0.006381	0.006381	0.006381	0.006381
69					0.007077	0.007077	0.007077	0.007077	0.007077	0.007077	0.007077	0.007077
70					0.007863	0.007863	0.007863	0.007863	0.007863	0.007863	0.007863	0.007863

Table 16 Lump sum valuation factors (LSF) — females — 3 or more completed years since last Legislative Assembly election

Age at Relevant Date		Period of Service in Completed Years at last Legislative Assembly Election
Age at Relevant Date	0	1	2	3	4	5	6	7	8	9	10	11+
30	0.242329	0.146342
31	0.242397	0.146422	0.146422
32	0.242469	0.146503	0.146503	0.146503
33	0.242526	0.146567	0.146568	0.146568	0.000936
34	0.242604	0.146649	0.146649	0.146649	0.000994	0.000995
35	0.242689	0.146737	0.146737	0.146738	0.001055	0.001056	0.001056
36	0.242777	0.146836	0.146837	0.146838	0.001128	0.001128	0.001129	0.001129
37	0.242887	0.146957	0.146958	0.146959	0.001215	0.001216	0.001216	0.001217	0.000889
38	0.243001	0.147095	0.147096	0.147097	0.001317	0.001318	0.001319	0.001319	0.000963	0.000963
39	0.243120	0.147246	0.147248	0.147249	0.001431	0.001432	0.001433	0.001434	0.001045	0.001045	0.001045
40	0.243273	0.147425	0.147426	0.147428	0.001564	0.001565	0.001566	0.001567	0.001140	0.001140	0.001140	0.001140
41	0.243578	0.147721	0.147723	0.147725	0.001781	0.001783	0.001784	0.001786	0.001297	0.001297	0.001297	0.001297
42	0.243875	0.148020	0.148022	0.148024	0.002005	0.002007	0.002009	0.002011	0.001456	0.001456	0.001456	0.001456
43	0.244272	0.148395	0.148398	0.148400	0.002287	0.002289	0.002291	0.002294	0.001659	0.001659	0.001659	0.001659
44	0.244714	0.148805	0.148808	0.148812	0.002591	0.002593	0.002596	0.002599	0.001876	0.001876	0.001876	0.001876
45	0.245102	0.149203	0.149207	0.149211	0.002892	0.002895	0.002899	0.002902	0.002094	0.002094	0.002094	0.002094
46	0.245631	0.149702	0.149707	0.149712	0.003259	0.003262	0.003266	0.003271	0.002365	0.002365	0.002365	0.002365
47	0.246220	0.150242	0.150249	0.150256	0.003644	0.003648	0.003654	0.003659	0.002648	0.002648	0.002648	0.002648
48	0.246584	0.150663	0.150671	0.150680	0.003948	0.003953	0.003959	0.003966	0.002867	0.002867	0.002867	0.002867
49	0.247288	0.151321	0.151331	0.151342	0.004405	0.004412	0.004420	0.004429	0.003185	0.003185	0.003185	0.003185
50	0.247894	0.151971	0.151984	0.151998	0.004881	0.004890	0.004900	0.004910	0.003518	0.003518	0.003518	0.003518
51	0.248368	0.152601	0.152616	0.152632	0.005375	0.005386	0.005398	0.005410	0.003873	0.003873	0.003873	0.003873
52	0.249321	0.153572	0.153589	0.153609	0.006101	0.006115	0.006130	0.006146	0.004380	0.004380	0.004380	0.004380
53	0.250428	0.154723	0.154745	0.154769	0.006993	0.007011	0.007030	0.007051	0.005030	0.005030	0.005030	0.005030
54	0.250261	0.155151	0.155171	0.155195	0.007457	0.007476	0.007499	0.007523	0.005392	0.005392	0.005392	0.005392
55	0.251418	0.156391	0.156415	0.156443	0.008415	0.008439	0.008467	0.008497	0.006096	0.006096	0.006096	0.006096
56	0.252382	0.157455	0.157482	0.157514	0.009247	0.009274	0.009306	0.009343	0.006732	0.006732	0.006732	0.006732
57	0.250506	0.156810	0.156828	0.156852	0.009050	0.009074	0.009105	0.009141	0.006674	0.006674	0.006674	0.006674
58	0.250808	0.157438	0.157456	0.157483	0.009586	0.009614	0.009648	0.009688	0.007082	0.007082	0.007082	0.007082
59	0.251724	0.158485	0.158485	0.158516	0.010382	0.010413	0.010453	0.010500	0.007669	0.007669	0.007669	0.007669
60	0.248779	0.156154	0.156154	0.156154	0.009184	0.009205	0.009235	0.009274	0.006883	0.006883	0.006883	0.006883
61	0.249609	0.157191	0.157191	0.157191	0.010039	0.010063	0.010098	0.010144	0.007530	0.007530	0.007530	0.007530
62	0.251345	0.155881	0.155881	0.155881	0.009558	0.009558	0.009588	0.009630	0.007245	0.007245	0.007245	0.007245
63		0.153487	0.153487	0.153487	0.007474	0.007474	0.007474	0.007498	0.005886	0.005886	0.005886	0.005886
64		0.154333	0.154333	0.154333	0.008246	0.008246	0.008246	0.008246	0.006464	0.006464	0.006464	0.006464
65		0.155361	0.155361	0.155361	0.009196	0.009196	0.009196	0.009196	0.007157	0.007157	0.007157	0.007157
66					0.001718	0.001718	0.001718	0.001718	0.001718	0.001718	0.001718	0.001718
67					0.001905	0.001905	0.001905	0.001905	0.001905	0.001905	0.001905	0.001905
68					0.002109	0.002109	0.002109	0.002109	0.002109	0.002109	0.002109	0.002109
69					0.002339	0.002339	0.002339	0.002339	0.002339	0.002339	0.002339	0.002339
70					0.002595	0.002595	0.002595	0.002595	0.002595	0.002595	0.002595	0.002595

Table 17 Pension valuation factors (F) — pensioner members

Age	Males		Females
	Retirement Pension	Invalidity Pension	Retirement Pension	Invalidity Pension
30	26.4102	25.9893	26.3612	25.8410
31	26.2546	25.8215	26.2007	25.6633
32	26.0938	25.6477	26.0351	25.4801
33	25.9276	25.4680	25.8640	25.2911
34	25.7556	25.2822	25.6874	25.0959
35	25.5778	25.0902	25.5050	24.8944
36	25.3939	24.8917	25.3167	24.6865
37	25.2038	24.6868	25.1223	24.4721
38	25.0073	24.4753	24.9217	24.2508
39	24.8043	24.2568	24.7146	24.0226
40	24.5945	24.0315	24.5008	23.7874
41	24.3311	23.7387	24.2478	23.5008
42	24.0579	23.4354	23.9860	23.2046
43	23.7746	23.1211	23.7150	22.8987
44	23.4809	22.7954	23.4350	22.5825
45	23.1764	22.4581	23.1456	22.2558
46	22.8609	22.1092	22.8468	21.9184
47	22.5340	21.7483	22.5384	21.5705
48	22.1957	21.3754	22.2205	21.2118
49	21.8455	20.9900	21.8929	20.8427
50	21.4834	20.5920	21.5556	20.4632
51	20.9854	20.0245	21.2084	20.0735
52	20.4683	19.4366	20.8514	19.6736
53	19.9317	18.8282	20.4847	19.2636
54	19.3748	18.1996	20.1082	18.8439
55	18.7975	17.5513	19.7219	18.4148
56	18.4104	17.1480	19.3721	18.0378
57	18.0129	16.7374	19.0141	17.6535
58	17.6053	16.3196	18.6480	17.2619
59	17.1884	15.8966	18.2728	16.8627
60	16.7627	15.4693	17.8883	16.4555
61	16.3286	15.0384	17.4948	16.0407
62	15.8865	14.6046	17.0922	15.6183
63	15.4367	14.1690	16.6811	15.1888
64	14.9807	13.7318	16.2616	14.7530
65	14.5189	13.2940	15.8341	14.3111
66	14.0517	12.8560	15.3988	13.8636
67	13.5792	12.4186	14.9559	13.4109
68	13.1018	11.9823	14.5055	12.9533
69	12.6216	11.5460	14.0477	12.4898
70	12.1392	11.1102	13.5830	12.0212
71	11.6552	10.6749	13.1119	11.5479
72	11.1703	10.2402	12.6351	11.0706
73	10.6848	9.8058	12.1535	10.5902
74	10.1993	9.3723	11.6662	10.1105
75	9.7148	8.9405	11.1736	9.6332
76	9.2335	8.5119	10.6760	9.1602
77	8.7583	8.0887	10.1735	8.6941
78	8.2915	7.6728	9.6662	8.2373
79	7.8352	7.2678	9.1632	7.7905
80	7.3911	6.8754	8.6664	7.3551
81	6.9605	6.4968	8.1778	6.9315
82	6.5442	6.1334	7.6976	6.5190
83	6.1427	5.7862	7.2277	6.1182
84	5.7612	5.4576	6.7705	5.7327
85	5.3995	5.1477	6.3274	5.3642
86	5.0574	4.8565	5.9000	5.0151
87	4.7339	4.5837	5.4840	4.6881
88	4.4275	4.3294	5.0776	4.3865
89	4.1379	4.0839	4.6921	4.1071
90	3.8651	3.8448	4.3282	3.8494

Schedule 4 Public sector superannuation plans — Queensland

(section 4)

Part 1 Superannuation scheme established by the Superannuation (State Public Sector) Deed 1990 (Qld)

1 Definitions

In this Part:

Deed means the Superannuation (State Public Sector) Deed 1990 (Qld).

Scheme means the superannuation scheme established by the Deed.

2 Methods and factors for interests of new scheme members in the Scheme

For an interest that is in the growth phase in the Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has in the Scheme as an employed member of the standard defined benefit category under Chapter 2 of the Deed.	In the case of a person who has made an election under paragraph 23C (3) (b) of the Deed — the sum of his or her accumulation account kept under section 77 of the Deed and the amount that would be credited to that account if the person were to make a request under subsection 52 (8) of the Deed.
		In any other case — the amount that would be credited under subsection 23F (3) of the Deed to the person’s accumulation account kept under section 77 of the Deed if he or she were to make an election under paragraph 23C (3) (a) of the Deed.
2	An interest that a person has in the Scheme under section 52 of the Deed, because of ceasing to be an employed member before his or her 55th birthday, death or total or permanent disablement.	The sum of the person’s accumulation account kept under section 77 of the Deed and the amount that would be credited to that account if he or she were to make a request under subsection 52 (8) of the Deed.
3	An interest that a person, who is aged 35 years or older, has in the Scheme as an employed member of the State 72 category under Chapter 5 of the Deed, including any entitlements arising from his or her membership of the State 58 category under Chapter 4 of the Deed.	The amount that would be paid, under subsection 23F (2) of the Deed, to the person’s accumulation account kept under section 77 of the Deed, if he or she were to request a transfer from the State 72 Category to an accumulation category under section 23B of the Deed.

Part 2 Parliamentary Contributory Superannuation Fund

1 Definitions

(1) In this Part:

Act means the Parliamentary Contributory Superannuation Act 1970 (Qld).

Family Law Act means the Family Law Act 1975.

Fund means the Parliamentary Contributory Superannuation Fund continued in existence and kept under the Act.

roll-in amount, in respect of a superannuation interest, means the total amount of moneys received by the trustees, in respect of the interest, under section 33B of the Act.

(2) An expression used in this Part and in the Act has the same meaning in this Part as it has in the Act.

Note The following terms are defined in section 5 of the Act:

 Assembly

 basic salary

 entitled former spouse

 member

 salary.

2 Methods and factors for interests of members in the Fund

For an interest in the Fund mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person who has received salary as a member for at least 96 months has in the Fund if the person is a member and has continuously been a member since the person was first elected.	where: BS is the basic salary of a member at the relevant date.
		ABM is the person’s accrued benefit multiple at the relevant date calculated as: where: M is: (a) if the person has received salary as a member for at least 96 complete months but less than 97 complete months at the relevant date — zero; or (b) in any other case — the lesser of: (i) the number of complete months for which the person has received salary as a member, at the relevant date, that occurred after the person has received salary as a member for 96 complete months; and (ii) 144. TOS is the total amount of salary that the person has received as a member up to the relevant date. TBS is the total amount of basic salary that the person has received as a member up to the relevant date. ABMR is: (a) if 1 or more amounts have been paid under section 25H of the Act in respect of the entitlement of an entitled former spouse of the person — the ratio between: (i) the amount of pension that would have been payable at the relevant date to the person, taking into account the reduction that would have been made under section 25J of the Act in respect of the amount or amounts paid under section 25H of that Act, if the person had ceased to be a member and had become eligible to be paid a pension at that date; and (ii) the amount of pension that would have been payable at the relevant date to the person if the person had ceased to be a member and had become eligible to be paid a pension at that date and no reduction was made to the pension; or (b) in any other case — 1. Fy+m is the factor calculated in accordance with the following formula: where: Fy is the valuation factor mentioned in Table 1 that applies at the person’s age in completed years for the person’s gender and period in completed years for which the person has received salary as a member. m is the number of complete months of the person’s age that are not included in the person’s completed years of age. Fy +1 is the valuation factor mentioned in Table 1 that would apply for the person’s gender and the period of time in completed years for which the person has received salary as a member if the person’s age were 1 year more than it is at the relevant date. ATV is the roll-in amount in respect of the interest last recorded before the relevant date in the member information statement issued in respect of the interest.
2	An interest that a person who has received salary as a member for at least 96 months has in the Fund if the person is a member, and: (a) the person has ceased to be a member on 1 occasion only, as a result of which the person was entitled to be paid an amount under subsection 17 (2) of the Act; and (b) no amount has been paid under section 25H of the Act in respect of the entitlement of an entitled former spouse of the person.	where: BS is the basic salary of a member at the relevant date. ABM is the person’s accrued benefit multiple at the relevant date calculated as: where: M is: (a) if the person has received salary as a member for an aggregate period of at least 96 complete months but less than 97 complete months at the relevant date — zero; or (b) in any other case — the lesser of: (i) the number of complete months for which the person has received salary as a member, at the relevant date, that occurred after the person has received salary as a member for 96 complete months; and (ii) 144. TOS has the meaning given by item 1. TBS has the meaning given by item 1. Fy+m has the meaning given by item 1. PLSA is the previously paid lump sum adjustment in respect of the person’s entitlement under subsection 17 (2) of the Act, calculated using the following formula: where: B is the amount the person would have been entitled to under subsection 17 (2) of the Act if, at the time the person ceased to be a member, a superannuation agreement, flag lifting agreement or splitting order under the Family Law Act had not been made in respect of the interest. PBS is the basic salary of a member at the time the person ceased to be a member. ATV has the meaning given by item 1.
3	An interest that a person who has received salary as a member for at least 96 months has in the Fund if the person is a member, and: (a) the person has ceased to be a member on 1 occasion only, as a result of which the person was entitled to be paid an amount under subsection 17 (2) of the Act; and	where: BS is the basic salary of a member of the Assembly at the relevant date. ABMA is the person’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.
	(b) one or more amounts have been paid under section 25H of the Act in respect of the entitlement of an entitled former spouse of the person.	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. ABM1 is the person’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 ‘the relevant date’ is a reference to ‘the time at which the amount was paid’. 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.
		p2 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. ABM2 is the person’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 ABM1, modified so that for the purposes of working out the value of M, TOS and TBS, a reference to ‘the time at which the amount was paid’ is a reference to ‘the time at which the second amount was paid’. p1 is the factor calculated in accordance with the method for the factor p in Method 1 of this item. ABM1 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. p3 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.
		ABM3 is the person’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 ABM1, modified so that for the purposes of working out the value of M, TOS and TBS, a reference to ‘the time at which the amount was paid’ is a reference to ‘the time at which the third amount was paid’. p2 has the meaning given in Method 2 of this item. ABM2 has the meaning given in Method 2 of this item. p1 has the meaning given in Method 2 of this item. ABM1 has the meaning given in Method 1 of this item. Fy+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 — (1 – p1), where p1 has the meaning given in Method 2 of this item; (b) if 2 amounts only have been paid — (1 – p1) × (1 – p2), where p1 and p2 have the meaning given in Method 2 of this item; (c) if 3 amounts only have been paid — (1 – p1) × (1 – p2) × (1 – p3), where p1 and p2 have the meaning given in Method 2 of this item and p3 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.

Table 1 Valuation factors

Person’s age last birthday	Aggregate period person received salary as member of Assembly (complete years)
	Males			Females
	8	9	10 or more	8	9	10 or more
28	19.820	19.759		20.196	20.137
29	19.665	19.796	20.056	20.046	20.178	20.443
30	19.475	19.717	19.928	19.862	20.106	20.318
31	19.279	19.522	19.765	19.673	19.917	20.161
32	19.077	19.320	19.564	19.479	19.723	19.967
33	18.868	19.112	19.356	19.278	19.523	19.767
34	18.651	18.896	19.141	19.073	19.318	19.563
35	18.428	18.674	18.920	18.861	19.106	19.352
36	18.194	18.441	18.689	18.640	18.886	19.132
37	17.950	18.199	18.449	18.412	18.660	18.907
38	17.698	17.949	18.199	18.178	18.426	18.673
39	17.435	17.685	17.936	17.934	18.182	18.429
40	17.160	17.410	17.661	17.684	17.930	18.177
41	16.880	17.130	17.380	17.430	17.675	17.920
42	16.596	16.845	17.094	17.173	17.416	17.660
43	16.301	16.550	16.799	16.912	17.154	17.396
44	16.002	16.250	16.498	16.647	16.888	17.128
45	15.698	15.945	16.193	16.381	16.619	16.858
46	15.379	15.626	15.874	16.111	16.347	16.583
47	15.054	15.301	15.549	15.838	16.072	16.306
48	14.729	14.974	15.219	15.566	15.796	16.027
49	14.391	14.630	14.869	15.291	15.519	15.746
50	14.053	14.284	14.514	15.017	15.241	15.465
51	13.735	13.955	14.176	14.747	14.967	15.186
52	13.425	13.634	13.843	14.477	14.692	14.907
53	13.127	13.327	13.526	14.209	14.420	14.630
54	12.859	13.052	13.245	13.951	14.158	14.364
55	12.606	12.794	12.982	13.695	13.898	14.101
56	12.356	12.539	12.722	13.442	13.641	13.839
57	12.117	12.294	12.471	13.198	13.391	13.585
58	11.881	12.052	12.222	12.956	13.144	13.331
59	11.655	11.818	11.982	12.721	12.903	13.084
60	11.449	11.604	11.759	12.509	12.682	12.855
61	11.252	11.398	11.544	12.304	12.468	12.632
62	11.074	11.209	11.344	12.118	12.271	12.424
63	10.936	11.058	11.179	11.978	12.117	12.255
64	10.819	10.925	11.032	11.860	11.982	12.105
65	10.760	10.847	10.934	11.808	11.909	12.010
66	10.803	10.864	10.925	11.877	11.947	12.018
67	10.899	10.930	10.961	12.006	12.042	12.078
68	11.059	11.067	11.074	12.211	12.220	12.229
69	11.336	11.336	11.336	12.555	12.555	12.555
70	11.505	11.505	11.505	12.764	12.764	12.764

Part 3 Local Government Superannuation Scheme

1 Definitions

In this Part:

defined benefit Member has the same meaning as in the Trust Deed.

Scheme means the scheme continued in existence under subsection 1180 (1) of the Local Government Act 1993 (Qld) under the name Local Government Superannuation Scheme.

Trust Deed means the Trust Deed made on 23 June 1998 by the Queensland Local Government Superannuation Board, as amended and in force on the commencement of this Part.

2 Methods and factors for interests of members in the Scheme

For an interest that:

(a) is in the growth phase in the Scheme; and

(b) is mentioned in an item in the following table;

the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has in the Scheme as a defined benefit Member	If the person is aged less than 55 at the relevant date — the value of the benefit that would have been payable to the person under clause 98 of the Trust Deed if the person had been eligible to receive that benefit on the relevant date.
		If the person is aged at least 55 but less than 70 at the relevant date — the value of the benefit that would have been payable to the person under clause 92 of the Trust Deed if the person had been eligible to receive that benefit on the relevant date.
		If the person is aged at least 70 at the relevant date — the value of the benefit that would have been payable to the person under clause 93 of the Trust Deed if the person had been eligible to receive that benefit on the relevant date.

Schedule 5 Public sector superannuation plans — Western Australia

(section 4)

Part 1 Gold State Super Scheme

1 Definitions

In this Part:

Gold State Super Member has the meaning given by regulation 3 of the State Superannuation Regulations.

Gold State Super Scheme means the superannuation scheme continued by paragraph 29 (b) of the State Superannuation Act 2000 (WA).

State Superannuation Regulations means the State Superannuation Regulations 2001 (WA).

2 Methods and factors for interests in the Gold State Super Scheme

For an interest that is in the growth phase in the Gold State Super Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as a Gold State Super Member if the person is entitled to a preserved benefit under regulation 44 of the State Superannuation Regulations.	DLS × DFy+m where: DLS is the nominal value of the deferred lump sum to which the person is entitled at the relevant date, being the sum of: (a) the amount to which the person is entitled under regulation 44 of the State Superannuation Regulations; and
		(b) the interest that has or had accrued on that amount under regulation 46 of the State Superannuation Regulations as at that date. DFy+m is the factor calculated in accordance with the following formula:
		where: DFy is the discount factor mentioned in Table 1 of this Part that applies at the relevant date given the number of complete years until the person reaches age 55. m is the number of complete months between the relevant date and the person’s next birthday. DFy +1 is the discount factor mentioned in Table 1 of this Schedule that would apply at the relevant date if the number of complete years until the person reaches age 55 were one more year than it is.

Table 1 Discount factors

Years to age 55	Discount factor	Years to age 55	Discount factor
0	1.000	11	0.742
1	0.972	12	0.724
2	0.945	13	0.707
3	0.919	14	0.690
4	0.893	15	0.676
5	0.869	16	0.661
6	0.846	17	0.648
7	0.823	18	0.636
8	0.801	19	0.625
9	0.781	20	0.615
10	0.760

Schedule 6 Public sector superannuation plans — South Australia

(section 4)

Part 1 South Australian Superannuation Fund

Division 1.1 Definitions

1 Definitions

In this Part:

SAS Fund means the South Australian Superannuation Fund continued in existence by subsection 17 (1) of the 1988 Act.

the 1974 Act means the Superannuation Act 1974 (SA).

the 1988 Act means the Superannuation Act 1988 (SA).

Division 1.2 Interests in the growth phase

2 Methods and factors for interests of new scheme members in SAS Fund

For an interest that is in the growth phase in the SAS Fund mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has, as an old scheme contributor in the SAS Fund, other than as a member who preserved his or her accrued superannuation benefits under section 39 of the 1988 Act.	where: S is the annual salary of the person at the relevant date. A is the lesser of 1 and the quotient of the contribution points, within the meaning of the 1988 Act, accrued by the person at the relevant date, and D, where D is 360 or, for a person accepted as a contributor under the 1974 Act before reaching the age of 30 years, the number of months between the person’s date of acceptance as a contributor and the date at which the person will reach his or her age of retirement (within the meaning of the 1988 Act).
		Fy+m is the factor calculated by:
		where: Fy is the valuation factor mentioned in an item in Table 1 in this Part that applies to the person’s age in completed years at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date. A92 is the number of contribution points, within the meaning of the 1988 Act, accrued at the relevant date by the person after 30 June 1992.
		Gy+m is the factor calculated by:
		where: Gy is the valuation factor mentioned in an item in Table 1 in this Part that applies to the person’s age in completed years at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date. Ann is 14.2 if the person is male or 15.0 if the person is female.
2	An interest that a person has, as an old scheme contributor in the SAS Fund, who: (a) was accepted as a contributor before both the commencement of the 1974 Act and the person attaining the prescribed age, within the meaning in subsection 39 (7a) of the 1988 Act; and	where: AS is the annual or attributed salary of the person at the date of resignation, adjusted with movements in the Consumer Price Index after that date. A1 is:
	(b) has resigned with a contribution period, within the meaning of the 1988 Act, of 120 months or more and preserved his or her accrued superannuation benefits under paragraph 39 (1) (b) of the 1988 Act.	where: A is the lesser of 1 and the following fraction: where C is the contribution points, within the meaning of the 1988 Act, accrued by the person. NM is the number of months between the person’s date of acceptance as a contributor and the date at which the person will reach his or her age of retirement (within the meaning of the 1988 Act). CP is the number of months for which the person was an active contributor within the meaning in the 1988 Act.
		S is the number of months after the person had reached the prescribed age, within the meaning in subsection 39 (7a) of the 1988 Act, for which the person was an active contributor, within the meaning in the 1988 Act.
		Fy+m is the factor calculated by: where:
		Fy is the valuation factor mentioned in an item in Table 2 in this Part that applies to the person’s age in completed years at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date.
		A92 is the number of contribution points, within the meaning of the 1988 Act, accrued at the relevant date by the person after 30 June 1992. Gy+m is the factor calculated by: where: Gy is the valuation factor mentioned in an item in Table 2 in this Part that applies to the person’s age in completed years at the relevant date.
		m is the number of complete months between the person’s last birthday before the relevant date and that date. Ann is 14.2 if the member is male or 15.0 if the member is female.
3	An interest that a person has, as an old scheme contributor in the SAS Fund who has: (a) resigned with a contribution period, within the meaning of the 1988 Act, of 120 months or more; and	where: AS is the annual or attributed salary of the person at the date of resignation, adjusted with movements in the Consumer Price Index after that date.
	(b) preserved his or her accrued superannuation benefits under paragraph 39 (1) (b) of the 1988 Act; other than a person who was accepted as a contributor before both the commencement of the 1974 Act and the person attaining the prescribed age, within the meaning in subsection 39 (7a) of the 1988 Act.	A is the lesser of 1 and the quotient of the contribution points, within the meaning of the 1988 Act, accrued at the relevant date by the person and D, where D is 360 or, for a person accepted as a contributor under the 1974 Act before reaching the age of 30 years, the number of months between the person’s date of acceptance as a contributor and the date at which the person will reach his or her age of retirement (within the meaning of the 1988 Act). Fy+m is the factor calculated by:
		where: Fy is the valuation factor mentioned in an item in Table 2 in this Part that applies to the person’s age in completed years at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date. A92 is the number of contribution points, within the meaning of the 1988 Act, accrued at the relevant date by the person after 30 June 1992. Gy+m is the factor calculated by:
		where: Gy is the valuation factor mentioned in an item in Table 2 in this Part that applies to the person’s age in completed years at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date. Ann is 14.2 if the person is male or 15.0 if the person is female.
4	An interest that a person has, as an old scheme contributor in the SAS Fund who has: (a) resigned with a contribution period, within the meaning of the 1988 Act, of less than 120 months; and (b) preserved his or her accrued superannuation benefits under paragraph 39 (1) (b) of the 1988 Act.	where: C is the sum of the balance of the person’s contribution account under section 20A of the 1988 Act and 21/3 times the lesser of the balance of that account and the amount that would have been the balance of that account had the person contributed at the standard rate of contribution, within the meaning of the 1988 Act, throughout the contribution period, within the meaning of that Act. AS is the annual or attributed salary of the person at the date of resignation, adjusted with movements in the Consumer Price Index after that date.
		M87 is the number of months of the person’s contribution period, within the meaning of the 1988 Act, occurring after 31 December 1987 and before the relevant date. Hy+m is the factor calculated by:
		where: Hy is the valuation factor mentioned in an item in Table 2 in this Part that applies to the person’s age in completed years at the relevant date.
		m is the number of complete months between the person’s last birthday before the relevant date and that date.
		Pn is the person’s part time proportion as determined in accordance with the definition of that term in subparagraph 39 (3) (b) (ii) of the 1988 Act.
5	An interest that a person has, as an old scheme contributor in the SAS Fund who has resigned, and has elected to take an immediate benefit under paragraph 39 (1) (a) of the 1988 Act and has not received his or her additional entitlement under 1 of the paragraphs in subsection 39 (1c) of that Act.	where: SG is the amount in relation to the person calculated in accordance with paragraph 39 (1d) (b) of the 1988 Act. AS is the annual or attributed salary of the person at the date of resignation, adjusted with movements in the Consumer Price Index after that date.
		M8792 is the number of months of the person’s contribution period, within the meaning of the 1988 Act, occurring after 31 December 1987 and before the later of the relevant date and 30 June 1992. Hy+m is the factor calculated by:
		where: Hy is the valuation factor mentioned in an item in Table 2 in this Part that applies to the person’s age in completed years at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date. Pn is the person’s part time proportion as determined in accordance with the definition of that term in paragraph 39 (1d) (a) of the 1988 Act.
6	An interest that a person has as a new scheme contributor in the SAS Fund, other than a person who has preserved his or her accrued superannuation benefits under section 28 of the 1988 Act.	where: C is the amount standing to the credit of the person’s contribution account under section 20A of the 1988 Act. S is the annual salary of the person at the relevant date.
		AP is the lesser of 420 (or 360 for a person whose name appears in the Schedule to the Superannuation (Bordertown Memorial Hospital Employees) Regulations 1993 (South Australia)) and the contribution points, within the meaning of the 1988 Act, accrued at the relevant date by the person. Fy+m is the factor calculated by:
		where: Fy is the valuation factor mentioned in an item in Table 3 in this Part that applies to the person’s age in completed years at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date.
		BH is 1.36 for a person whose name appears in the Schedule to the Superannuation (Bordertown Memorial Hospital Employees) Regulations 1993 (South Australia) and 1 for all other persons. M92 is the number of months of the person’s contribution period, within the meaning of the 1988 Act, occurring after 30 June 1992 and before the relevant date.
		Pn is the person’s part time proportion as determined in accordance with the definition of that term in paragraph 27 (2) (b) of the 1988 Act. Gy+m is the factor calculated by: where: Gy is the valuation factor mentioned in an item in Table 3 in this Part that applies to the person’s age in completed years at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date.
7	An interest that a person has as a new scheme contributor in the SAS Fund who has preserved his or her accrued superannuation benefits under section 28 of the 1988 Act.	where: C is the amount standing to the credit of the person’s contribution account under section 20A of the 1988 Act.
		AS is the annual or attributed salary of the person at the age of resignation, adjusted with movements in the Consumer Price Index after that date. AP is the lesser of 420 (or 360 for a person whose name appears in the Schedule to the Superannuation (Bordertown Memorial Hospital Employees) Regulations 1993 (South Australia)) and the contribution points, within the meaning of the 1988 Act, accrued at the relevant date by the person.
		BH is 1.36 for a person whose name appears in the Schedule to the Superannuation (Bordertown Memorial Hospital Employees) Regulations 1993 (South Australia) and 1 for all other members. M92 is the number of months of the person’s contribution period, within the meaning of the 1988 Act, occurring after 30 June 1992 and before the relevant date.
		Pn is the person’s part time proportion as determined in accordance with the definition of that term in paragraph 27 (2) (b) of the 1988 Act. Fy+m is the factor calculated by: where: Fy is the valuation factor mentioned in an item in Table 4 in this Part that applies at the person’s age in completed years. m is the number of complete months between the person’s last birthday before the relevant date and that date.

Division 1.3 Interests in the payment phase

3 Methods and factors for interests of new scheme members in SAS Fund

For an interest that is in the payment phase in the SAS Fund mentioned in an item in the following table, the method or factor mentioned in that item is approved for section 4 of this instrument.

Item	Interest in the payment phase	Method or factor
1	An interest that a person has, as an old scheme contributor in the SAS Fund, who is entitled to a pension under subsection 34 (1), 34 (2), 34 (3), 35 (1) or 37 (1), or paragraph 39 (5) (a), 39 (5) (b), or subsection 39A (3g) of the 1988 Act.	P × Fy+m where: P is the annual pension of the person at the relevant date. Fy+m is the factor calculated by:
		where: Fy is the valuation factor mentioned in an item in Table 5 in this Part that applies to the person’s age in completed years for the person’s gender and type of pension at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date.
2	An interest of a person who is a surviving spouse, de facto spouse or putative spouse of an old scheme contributor in the SAS fund and entitled to a pension under paragraph 38 (1) (a) or 39 (5) (c) of the 1988 Act.	P × Fy+m where: P is the annual pension of the person at the relevant date. Fy+m is the factor calculated by:
		where: Fy is the valuation factor mentioned in an item in Table 5 in this Part that applies to the surviving spouse’s, de facto spouse’s or putative spouse’s age in completed years for that person’s gender and type of pension at the relevant date. m is the number of complete months between the person’s last birthday before the relevant date and that date.

Division 1.4 Factors

Table 1 Valuation factors for contributory members of the old scheme

		F	G			F	G
Item	Age	Factor	Factor	Item	Age	Factor	Factor
1	26	0.446	0.414	21	46	0.736	0.696
2	27	0.445	0.438	22	47	0.754	0.705
3	28	0.445	0.462	23	48	0.772	0.714
4	29	0.459	0.478	24	49	0.789	0.723
5	30	0.473	0.495	25	50	0.806	0.728
6	31	0.487	0.512	26	51	0.820	0.730
7	32	0.502	0.528	27	52	0.834	0.727
8	33	0.517	0.544	28	53	0.848	0.720
9	34	0.533	0.556	29	54	0.863	0.706
10	35	0.549	0.567	30	55	0.879	0.689
11	36	0.566	0.579	31	56	0.888	0.716
12	37	0.583	0.590	32	57	0.896	0.746
13	38	0.599	0.606	33	58	0.888	0.779
14	39	0.617	0.617	34	59	0.890	0.821
15	40	0.634	0.631	35	60	0.893	0.870
16	41	0.651	0.641	36	61	0.901	0.853
17	42	0.667	0.654	37	62	0.947	0.851
18	43	0.685	0.664	38	63	1.014	0.854
19	44	0.701	0.676	39	64	1.051	0.865
20	45	0.719	0.685	40	65	1.055	0.842

Table 2 Valuation factors for preserved members of the old scheme

		F	G	H
Item	Age	Factor	Factor	Factor
1	31	0.401	0.290	0.392
2	32	0.416	0.301	0.407
3	33	0.432	0.312	0.422
4	34	0.448	0.323	0.438
5	35	0.466	0.335	0.455
6	36	0.484	0.347	0.472
7	37	0.504	0.359	0.490
8	38	0.524	0.372	0.509
9	39	0.546	0.386	0.529
10	40	0.565	0.399	0.549
11	41	0.587	0.413	0.570
12	42	0.607	0.427	0.592
13	43	0.632	0.441	0.614
14	44	0.657	0.456	0.638
15	45	0.680	0.472	0.662
16	46	0.703	0.487	0.687
17	47	0.728	0.504	0.714
18	48	0.754	0.521	0.741
19	49	0.780	0.539	0.769
20	50	0.806	0.556	0.799
21	51	0.832	0.572	0.830
22	52	0.859	0.590	0.862
23	53	0.885	0.608	0.895
24	54	0.914	0.627	0.929
25	55	0.945	0.648	0.966
26	56	0.893	0.781	0.910
27	57	0.903	0.835	0.920
28	58	0.916	0.883	0.934
29	59	0.933	0.924	0.954
30	60	0.959	0.959	0.981

Table 3 Valuation factors for contributory members of the new scheme

		F	G			F	G
Item	Age	Factor	Factor	Item	Age	Factor	Factor
1	26	0.566	0.637	21	46	0.750	0.748
2	27	0.570	0.640	22	47	0.764	0.760
3	28	0.573	0.640	23	48	0.779	0.774
4	29	0.577	0.638	24	49	0.795	0.788
5	30	0.585	0.641	25	50	0.810	0.804
6	31	0.587	0.638	26	51	0.825	0.821
7	32	0.595	0.642	27	52	0.841	0.838
8	33	0.599	0.642	28	53	0.857	0.855
9	34	0.608	0.649	29	54	0.873	0.873
10	35	0.617	0.656	30	55	0.891	0.891
11	36	0.629	0.665	31	56	0.898	0.898
12	37	0.637	0.668	32	57	0.907	0.907
13	38	0.649	0.677	33	58	0.917	0.917
14	39	0.659	0.684	34	59	0.925	0.925
15	40	0.670	0.690	35	60	0.936	0.936
16	41	0.682	0.700	36	61	0.940	0.940
17	42	0.694	0.708	37	62	0.950	0.950
18	43	0.708	0.718	38	63	0.963	0.963
19	44	0.721	0.727	39	64	0.979	0.979
20	45	0.735	0.738	40	65	1.000	1.000

Table 4 Valuation factors for preserved members of the new scheme

		F			F
Item	Age	Factor	Item	Age	Factor
1	26	0.312	19	44	0.621
2	27	0.327	20	45	0.645
3	28	0.339	21	46	0.669
4	29	0.354	22	47	0.695
5	30	0.367	23	48	0.722
6	31	0.382	24	49	0.750
7	32	0.396	25	50	0.779
8	33	0.411	26	51	0.808
9	34	0.427	27	52	0.840
10	35	0.443	28	53	0.872
11	36	0.460	29	54	0.905
12	37	0.478	30	55	0.940
13	38	0.496	31	56	0.905
14	39	0.515	32	57	0.915
15	40	0.534	33	58	0.929
16	41	0.555	34	59	0.960
17	42	0.576	35	60	1.000
18	43	0.598

Table 5 Valuation factors for pensioner members of the old scheme

		Age Pensioner		Invalidity Pensioner		Spouse Pensioner
Item	Age	Males	Females	Males	Females	Males	Females
1	18	24.209	24.321	22.583	21.786	23.906	24.178
2	19	24.145	24.258	22.524	21.729	23.825	24.107
3	20	24.077	24.191	22.460	21.668	23.740	24.033
4	21	24.005	24.120	22.393	21.603	23.651	23.954
5	22	23.928	24.044	22.321	21.534	23.558	23.870
6	23	23.847	23.964	22.245	21.462	23.460	23.782
7	24	23.761	23.879	22.165	21.386	23.357	23.689
8	25	23.671	23.788	22.080	21.305	23.250	23.591
9	26	23.576	23.694	21.991	21.221	23.137	23.489
10	27	23.476	23.595	21.897	21.133	23.020	23.381
11	28	23.371	23.492	21.799	21.040	22.897	23.270
12	29	23.262	23.385	21.696	20.944	22.769	23.154
13	30	23.147	23.273	21.588	20.844	22.635	23.034
14	31	23.027	23.157	21.475	20.739	22.496	22.909
15	32	22.903	23.037	21.357	20.629	22.351	22.779
16	33	22.773	22.911	21.234	20.515	22.199	22.643
17	34	22.637	22.781	21.105	20.395	22.042	22.503
18	35	22.496	22.646	20.971	20.270	21.877	22.357
19	36	22.349	22.505	20.830	20.140	21.706	22.205
20	37	22.196	22.358	20.683	20.004	21.528	22.047
21	38	22.037	22.205	20.530	19.862	21.343	21.882
22	39	21.871	22.047	20.370	19.713	21.150	21.712
23	40	21.686	21.872	20.178	19.526	20.949	21.535
24	41	21.480	21.679	19.953	19.300	20.741	21.351
25	42	21.265	21.477	19.719	19.065	20.524	21.160
26	43	21.040	21.268	19.474	18.823	20.298	20.962
27	44	20.806	21.049	19.219	18.572	20.064	20.756
28	45	20.561	20.822	18.953	18.312	19.821	20.544
29	46	20.306	20.585	18.674	18.042	19.569	20.323
30	47	20.040	20.339	18.384	17.762	19.308	20.095
31	48	19.763	20.084	18.080	17.472	19.037	19.859
32	49	19.475	19.819	17.761	17.169	18.758	19.615
33	50	19.140	19.543	17.369	16.855	18.469	19.362
34	51	18.753	19.258	16.899	16.528	18.171	19.101
35	52	18.349	18.962	16.414	16.196	17.863	18.832
36	53	17.928	18.656	15.917	15.860	17.546	18.554
37	54	17.490	18.339	15.406	15.520	17.220	18.267
38	55	17.099	18.028	14.983	15.210	16.884	17.971
39	56	16.761	17.724	14.652	14.932	16.540	17.666
40	57	16.414	17.412	14.317	14.652	16.186	17.352
41	58	16.058	17.089	13.979	14.368	15.823	17.028
42	59	15.693	16.757	13.639	14.082	15.452	16.694
43	60	15.320	16.415	13.296	13.793	15.072	16.350
44	61	14.939	16.062	12.950	13.502	14.683	15.996
45	62	14.549	15.700	12.603	13.209	14.287	15.632
46	63	14.152	15.326	12.255	12.913	13.883	15.257
47	64	13.747	14.943	11.906	12.615	13.472	14.872
48	65	13.335	14.549	11.557	12.316	13.054	14.476
49	66	12.915	14.145	11.208	12.014	12.629	14.071
50	67	12.492	13.732	10.858	11.710	12.200	13.657
51	68	12.066	13.312	10.510	11.404	11.770	13.235
52	69	11.638	12.884	10.162	11.097	11.338	12.806
53	70	11.209	12.450	9.817	10.787	10.905	12.371
54	71	10.779	12.009	9.473	10.476	10.472	11.929
55	72	10.348	11.562	9.133	10.162	10.039	11.482
56	73	9.918	11.111	8.795	9.846	9.606	11.030
57	74	9.487	10.656	8.462	9.527	9.174	10.574
58	75	9.058	10.197	8.132	9.205	8.745	10.115
59	76	8.631	9.738	7.806	8.881	8.319	9.656
60	77	8.210	9.281	7.486	8.552	7.898	9.198
61	78	7.797	8.827	7.171	8.218	7.487	8.744
62	79	7.393	8.379	6.862	7.879	7.085	8.297
63	80	7.000	7.940	6.559	7.533	6.696	7.858
64	81	6.620	7.509	6.264	7.179	6.321	7.428
65	82	6.255	7.087	5.975	6.815	5.962	7.007
66	83	5.905	6.675	5.694	6.440	5.618	6.596
67	84	5.572	6.275	5.421	6.075	5.292	6.197
68	85	5.256	5.887	5.158	5.721	4.985	5.811
69	86	4.960	5.516	4.904	5.383	4.697	5.441
70	87	4.683	5.164	4.661	5.062	4.430	5.091
71	88	4.428	4.835	4.430	4.761	4.185	4.763
72	89	4.197	4.531	4.213	4.484	3.965	4.462
73	90	3.993	4.254	4.011	4.229	3.771	4.187
74	91	3.818	4.005	3.829	3.996	3.608	3.941
75	92	3.671	3.784	3.671	3.784	3.472	3.722
76	93	3.544	3.588	3.544	3.588	3.356	3.530
77	94	3.419	3.405	3.419	3.405	3.242	3.351
78	95	3.293	3.232	3.293	3.232	3.125	3.181
79	96	3.165	3.065	3.165	3.065	3.007	3.019
80	97	3.031	2.903	3.031	2.903	2.882	2.861
81	98	2.888	2.741	2.888	2.741	2.748	2.704
82	99	2.731	2.573	2.731	2.573	2.599	2.542

Part 2 South Australian Local Government Superannuation Scheme

1 Interpretation

(1) In this Part:

SA Local Government Superannuation Scheme means the scheme continued in existence by subclause 3 (1) of Schedule 1 to the Local Government Act 1999 (SA).

Rules means the Rules of the SA Local Government Superannuation Scheme.

(2) An expression used in this Part and in the Rules has the same meaning in this Part as it has in the Rules.

Examples of expressions defined in the Rules

 Fund

 Member

 Member’s Credit

 Salarylink Benefit

 Salarylink Contributions

 Service.

2 Methods and factors for interests in SA Local Government Superannuation Scheme

For an interest that is in the growth phase in the SA Local Government Superannuation Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as a Member of the SA Local Government Superannuation Scheme who: (a) may elect to make Salarylink Contributions to the Fund under the Rules; and (b) is entitled to a retirement benefit that is a Salarylink Benefit (other than a benefit that is payable under sub-sub-subparagraph 61 (a) (ii) (B) (4) of the Rules).	AB + DB where: AB is the value of the accumulation benefit, being the balance of the Member’s Credit at the relevant date. DB is the value of the defined benefit calculated in accordance with the method in clause 3 of Schedule 2 to the Regulations for calculating the gross value, at the relevant date, of a defined benefit interest, except that: (a) the reference, in the definition of fy, in subclause 3 (2) of Schedule 2, to the lump sum valuation factor mentioned in clause 4 of Schedule 2 to the Regulations, is taken to be a reference to the lump sum valuation factor for an active Member mentioned in Table 1 of this Part that applies at the relevant date to the person’s age in complete years; and (b) the reference, in the definition of fy+1, in subclause 3 (2) of Schedule 2, to the lump sum valuation factor mentioned in clause 4 of Schedule 2 to the Regulations, is taken to be a reference to the lump sum valuation factor for an active Member mentioned in Table 1 of this Part that would apply if the person’s age were one year more than the person’s age at the relevant date.
2	An interest that a person has as a Member of the SA Local Government Superannuation Scheme: (a) whose Service was terminated before his or her 55th birthday; and (b) who is entitled to a benefit payable under sub-sub-subparagraph 61 (a) (ii) (B) (4) of the Rules.	AB + DB where: AB is the value of the accumulation benefit, being any benefit retained by the person in the Fund under rule 73 of the Rules. DB is the value of the defined benefit calculated in accordance with the method set out in clause 3 of Schedule 2 to the Regulations, except that: (a) the definition of A, in subclause 3 (1) of Schedule 2, is substituted by the words ‘A is the preserved benefit under sub-sub-subparagraph 61 (a) (ii) (B) (4) of the Rules at the relevant date.’; and (b) the reference, in the definition of fy, in subclause 3 (2) of Schedule 2, to the lump sum valuation factor mentioned in clause 4 of Schedule 2 to the Regulations, is taken to be a reference to the lump sum valuation factor for a preserved Member mentioned in Table 1 of this Part that applies at the relevant date to the person’s age in complete years; and (c) the reference, in the definition of fy+1, in subclause 3 (2) of Schedule 2, to the lump sum valuation factor mentioned in clause 4 of Schedule 2 to the Regulations, is taken to be a reference to the lump sum valuation factor for a preserved Member mentioned in Table 1 of this Part that would apply if the person’s age were one year more than the person’s age at the relevant date.

Table 1 Lump sum valuation factors

Item	Age at relevant date (in complete years)	Active Members	Preserved Members
1	16	0.4518	0.4893
2	17	0.4606	0.4989
3	18	0.4695	0.5087
4	19	0.4785	0.5187
5	20	0.4876	0.5289
6	21	0.4961	0.5388
7	22	0.5056	0.5489
8	23	0.5151	0.5592
9	24	0.5247	0.5695
10	25	0.5342	0.5801
11	26	0.5436	0.5906
12	27	0.5537	0.6014
13	28	0.5639	0.6124
14	29	0.5743	0.6237
15	30	0.5849	0.6353
16	31	0.5945	0.6462
17	32	0.6043	0.6573
18	33	0.6142	0.6688
19	34	0.6241	0.6805
20	35	0.6340	0.6925
21	36	0.6438	0.7048
22	37	0.6550	0.7173
23	38	0.6664	0.7302
24	39	0.6779	0.7434
25	40	0.6895	0.7568
26	41	0.7016	0.7708
27	42	0.7145	0.7854
28	43	0.7277	0.8002
29	44	0.7410	0.8154
30	45	0.7542	0.8307
31	46	0.7673	0.8461
32	47	0.7809	0.8618
33	48	0.7944	0.8776
34	49	0.8079	0.8938
35	50	0.8213	0.9103
36	51	0.8345	0.9271
37	52	0.8484	0.9444
38	53	0.8624	0.9623
39	54	0.8767	0.9808
40	55	0.8912	1.0000
41	56	0.8995	1.0000
42	57	0.9089	1.0000
43	58	0.9194	1.0000
44	59	0.9281	1.0000
45	60	0.9383	1.0000
46	61	0.9465	1.0000
47	62	0.9566	1.0000
48	63	0.9692	1.0000
49	64	0.9852	1.0000
50	65	1.0000	1.0000

Part 3 South Australian Police Superannuation Scheme

Division 3.1 Definitions

1 Definitions

In this Part:

contribution period has the meaning given by subsection 4 (1) of the Police Superannuation Act.

contribution points has the meaning given by Part 3 of the Police Superannuation Act.

contributor has the meaning given by subsection 4 (1) of the Police Superannuation Act.

new scheme contributor has the meaning given by subsection 4 (1) of the Police Superannuation Act.

old scheme contributor has the meaning given by subsection 4 (1) of the Police Superannuation Act.

Pensions Act means the Police Pensions Act 1971 (SA), as in force immediately before it was repealed by the Police Superannuation Act.

Police Superannuation Act means the Police Superannuation Act 1990 (SA).

SA Police Superannuation Scheme means the scheme for the provision of superannuation benefits constituted by the Police Superannuation Act.

surviving spouse, in relation to an old scheme contributor who has died, means a person who is entitled to a benefit under paragraph 32 (1) (a) of the Police Superannuation Act.

Division 3.2 Interests in the growth phase

2 Methods and factors for interests of members in the SA Police Superannuation Scheme

For an interest that is in the growth phase in the SA Police Superannuation Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as an old scheme contributor in the SA Police Superannuation Scheme, other than if the person has preserved his or her accrued superannuation benefits under section 34 of the Police Superannuation Act.	where: S is the person’s annual salary at the relevant date. A is the lesser of: (a) 1; and (b) the quotient of the person’s accrued contribution points at the relevant date and D, where D is: (i) 360; or (ii) for a person who was accepted as a contributor under the Pensions Act before turning 30 — the number of complete months occurring after the person’s date of acceptance as a contributor and before the date when the person turns 60.
		Fy+m is the factor calculated in accordance with the following formula:
		where: Fy is the F factor mentioned in Table 1 of this Part that applies at the relevant date to the person’s age in completed years. m is the number of complete months occurring after the person’s last birthday before the relevant date and before that date. Fy+1 is the F factor mentioned in Table 1 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date.
		Ann is: (a) if the person is male — 14; and (b) if the person is female — 15. M87 is the number of complete months of the person’s contribution period occurring after 31 December 1987 and before the relevant date.
		Pn is the person’s part time proportion at the relevant date determined in accordance with the definition of Pn in subsection 28 (1a) of the Police Superannuation Act. Gy+m is the factor calculated in accordance with the following formula: where: Gy is the G factor mentioned in Table 1 of this Part that applies at the relevant date to the person’s age in completed years. m has the meaning given above. Gy+1 is the G factor mentioned in Table 1 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date.
2	An interest that a person has as an old scheme contributor in the SA Police Superannuation Scheme, if the person has: (a) resigned with a contribution period of 120 months or more; and (b) preserved the person’s accrued superannuation benefits under paragraph 34 (1) (b) of the Police Superannuation Act.	where: AS is the person’s annual salary at the date of resignation, adjusted in accordance with movements in the Consumer Price Index after that date. A is the lesser of: (a) 1; and (b) the quotient of the person’s accrued contribution points at the relevant date and D, where D is: (i) 300; or (ii) for a person who was accepted as a contributor under the Pensions Act before reaching the age of 30 years — the number of complete months occurring after the person’s date of acceptance as a contributor and before the date when the person turns 55. Fy+m is the factor calculated in accordance with the following formula:
		where: Fy is the F factor mentioned in Table 2 of this Part that applies at the relevant date to the person’s age in completed years. m has the meaning given by item 1. Fy+1 is the F factor mentioned in Table 2 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date. Ann is: (a) if the person is male — 15.6; and (b) if the person is female — 16.4. M87 has the meaning given by item 1. Pn is the person’s part time proportion determined in accordance with the definition of Pn in subsection 34 (8a) of the Police Superannuation Act.
		Gy+m is the factor calculated in accordance with the following formula: where: Gy is the G factor mentioned in Table 2 of this Part that applies at the relevant date to the person’s age in completed years. m has the meaning given by item 1. Gy+1 is the G factor mentioned in Table 2 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date.
3	An interest that a person has as an old scheme contributor in the SA Police Superannuation Scheme, if the person has: (a) resigned with a contribution period of less than 120 months; and (b) preserved the person’s accrued superannuation benefits under paragraph 34 (1) (b) of the Police Superannuation Act.	where: C is the sum of: (a) the balance of the contributor’s account maintained under section 13 of the Police Superannuation Act at the relevant date; and (b) 21/3 times the balance of that account. AS has the meaning given by item 2. M87 has the meaning given by item 1. Gy+m is the factor calculated in accordance with the following formula: where: Gy has the meaning given by item 2. m has the meaning given by item 1. Gy+1 has the meaning given by item 2. Pn is the person’s part time proportion determined in accordance with the definition of Pn in subsection 34 (3a) of the Police Superannuation Act.
4	An interest that a person has as an old scheme contributor in the SA Police Superannuation Scheme, if the person has: (a) resigned; and (b) elected to take an immediate benefit under paragraph 34 (1) (a) of the Police Superannuation Act; and	where: SG is the amount in respect of the person calculated in accordance with paragraph 34 (1b) (a) of the Police Superannuation Act at the relevant date. AS has the meaning given by item 2. M8792 is the number of complete months of the person’s contribution period occurring after 31 December 1987 and before 1 July 1992.
	(c) not received the person’s additional entitlement under one of the paragraphs in subsection 34 (1a) of the Police Superannuation Act.	Gy+m is the factor calculated in accordance with the following formula: where: Gy has the meaning given by item 2. m has the meaning given by item 1. Gy+1 has the meaning given by item 2. Pn is the person’s part time proportion determined in accordance with the definition of Pn in paragraph 34 (1b) (b) of the Police Superannuation Act.
5	An interest that a person has as a new scheme contributor in the SA Police Superannuation Scheme, other than if the person has preserved the person’s accrued superannuation benefits under section 22 of the Police Superannuation Act.	where: S has the meaning given by item 1. A is the lesser of: (a) 1; and (b) the quotient of the person’s accrued contribution points at the relevant date and D, where D is: (i) 420; or (ii) for a person who was accepted as a contributor before turning 25 — the number of complete months occurring after the person’s date of acceptance as a contributor and before the date when the person turns 60. Fy+m is the factor calculated in accordance with the following formula: where: Fy is the F factor mentioned in Table 3 of this Part that applies at the relevant date to the person’s age in completed years. m has the meaning given by item 1.
		Fy+1 is the F factor mentioned in Table 3 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date. M87 has the meaning given by item 1. Pn is the person’s part time proportion determined in accordance with the definition of Pn in subsection 21 (1) of the Police Superannuation Act. Gy+m is the factor calculated in accordance with the following formula: where: Gy is the G factor mentioned in Table 3 of this Part that applies at the relevant date to the person’s age in completed years. m has the meaning given by item 1. Gy+1 is the G factor mentioned in Table 3 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date.
6	An interest that a person has as a new scheme contributor in the SA Police Superannuation Scheme, if the person has: (a) resigned; and (b) preserved the person’s accrued superannuation benefits within the scheme under paragraph 22 (1) (b) of the Police Superannuation Act.	where: AS has the meaning given by item 2. A is the lesser of: (a) 1; and (b) the quotient of the person’s accrued contribution points at the relevant date and D, where D is: (i) 360; or (ii) if the person was accepted as a contributor before turning 25 — the number of complete months occurring after the person’s date of acceptance as a contributor and before the date when the person turns 55. M87 has the meaning given by item 1.
		Pn is the person’s part time proportion determined in accordance with the definition of Pn in subsection 22 (5) of the Police Superannuation Act. Fy+m is the factor calculated in accordance with the following formula: where: Fy is the factor mentioned in Table 4 of this Part that applies at the relevant date to the person’s age in completed years. m has the meaning given by item 1. Fy+1 is the factor mentioned in Table 4 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date.
7	An interest that a person has as a new scheme contributor in the SA Police Superannuation Scheme, if the person has: (a) resigned; and (b) elected to take an immediate benefit under paragraph 22 (1) (a) of the Police Superannuation Act; and (c) not received the person’s additional entitlement under one of the paragraphs in subsection 22 (1a) of the Police Superannuation Act.	where: SG is the amount in respect of the person calculated in accordance with paragraph 22 (1b) (a) of the Police Superannuation Act at the relevant date. AS has the meaning given by item 2. M8792 is the number of complete months of the person’s contribution period occurring after 31 December 1987 and before 1 July 1992. Pn is the person’s part time proportion determined in accordance with the definition of Pn in subsection 22 (1b) of the Police Superannuation Act. Fy+m is the factor calculated in accordance with the following formula: where: Fy has the meaning given by item 6. m has the meaning given by item 1. Fy+1 has the meaning given by item 6.

Division 3.3 Interests in the payment phase

3 Methods and factors for interests of members in the SA Police Superannuation Scheme

For an interest that is in the payment phase in the SA Police Superannuation Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the payment phase	Method or factor
1	An interest that a person has as an old scheme contributor, or the surviving spouse of an old scheme contributor, in the SA Police Superannuation Scheme, as a result of a pension entitlement under the repealed Pensions Act that commenced to be paid before 1 June 1990.	P × Fy+m where: P is the person’s annual pension at the relevant date. Fy+m is the factor calculated in accordance with the following formula: where: Fy is the factor mentioned in Table 5 of this Part that applies at the relevant date to the person’s age in completed years for the person’s gender and type of pension. m is the number of complete months occurring after the person’s last birthday before the relevant date and before that date. Fy+1 is the factor mentioned in Table 5 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date.
2	An interest that a person has, as an old scheme contributor, or the surviving spouse of an old scheme contributor, in the SA Police Superannuation Scheme, if: (a) the person is entitled to a pension under subsection 28 (1), 29 (1), 31 (2) or subparagraph 32 (1) (a) (i) of the Police Superannuation Act or a pension mentioned in paragraph 34 (4) (a), (b) or (c) of that Act; and (b) the pension commenced to be paid on or after 1 June 1990.	P × Fy+m where: P has the meaning given by item 1. Fy+m is the factor calculated in accordance with the following formula: where: Fy is the factor mentioned in Table 6 of this Part that applies at the relevant date to the person’s age in completed years for the person’s gender and type of pension. m has the meaning given by item 1. Fy+1 is the factor mentioned in Table 6 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date.

Division 3.4 Factors

Table 1 Valuation factors — old scheme contributors

Age	F factor	G factor
26	0.405	0.857
27	0.418	0.835
28	0.432	0.808
29	0.446	0.786
30	0.460	0.764
31	0.475	0.732
32	0.491	0.706
33	0.507	0.701
34	0.523	0.685
35	0.539	0.675
36	0.556	0.672
37	0.572	0.674
38	0.589	0.678
39	0.606	0.684
40	0.622	0.691
41	0.637	0.700
42	0.652	0.710
43	0.667	0.723
44	0.682	0.737
45	0.697	0.753
46	0.712	0.770
47	0.725	0.789
48	0.736	0.809
49	0.751	0.830
50	0.758	0.852
51	0.780	0.858
52	0.790	0.874
53	0.813	0.891
54	0.838	0.909
55	0.892	0.919
56	0.918	0.932
57	0.943	0.948
58	0.970	0.964
59	1.000	0.981
60	1.000	1.000

Table 2 Valuation factors — old scheme contributors with preserved benefits

Age	F factor	G factor
31	0.423	0.404
32	0.439	0.419
33	0.454	0.434
34	0.471	0.450
35	0.488	0.467
36	0.505	0.484
37	0.524	0.502
38	0.543	0.521
39	0.562	0.540
40	0.581	0.560
41	0.601	0.581
42	0.621	0.603
43	0.643	0.625
44	0.664	0.648
45	0.687	0.673
46	0.711	0.698
47	0.735	0.724
48	0.761	0.751
49	0.787	0.779
50	0.814	0.808
51	0.839	0.839
52	0.866	0.871
53	0.894	0.904
54	0.924	0.939
55	0.957	0.975
56	0.944	0.978
57	0.927	0.980
58	0.909	1.000
59	0.890	1.000
60	0.871	1.000

Table 3 Valuation factors — new scheme contributors

Age	F factor	G factor
26	0.433	0.710
27	0.446	0.698
28	0.461	0.695
29	0.476	0.693
30	0.491	0.684
31	0.508	0.688
32	0.524	0.686
33	0.540	0.681
34	0.556	0.681
35	0.572	0.685
36	0.589	0.688
37	0.607	0.691
38	0.624	0.695
39	0.642	0.701
40	0.660	0.709
41	0.678	0.719
42	0.697	0.730
43	0.716	0.743
44	0.734	0.757
45	0.753	0.773
46	0.772	0.790
47	0.791	0.808
48	0.810	0.827
49	0.829	0.847
50	0.849	0.867
51	0.863	0.874
52	0.880	0.888
53	0.898	0.904
54	0.916	0.921
55	0.927	0.930
56	0.938	0.941
57	0.952	0.954
58	0.966	0.968
59	0.980	0.981
60	1.000	1.000

Table 4 Valuation factors — new scheme contributors with preserved benefits

Age	F factor
26	0.352
27	0.366
28	0.379
29	0.394
30	0.396
31	0.397
32	0.412
33	0.428
34	0.444
35	0.460
36	0.478
37	0.496
38	0.515
39	0.534
40	0.554
41	0.575
42	0.597
43	0.619
44	0.643
45	0.667
46	0.693
47	0.719
48	0.746
49	0.775
50	0.805
51	0.836
52	0.869
53	0.903
54	0.938
55	0.975
56	0.979
57	0.980
58	1.000
59	1.000
60	1.000

Table 5 Valuation factors — old scheme pensioners whose pension commenced before 1 June 1990

	Age Pensioner		Invalidity Pensioner		Spouse Pensioner
Age	Males	Females	Males	Females	Males	Females
18	29.133	29.413	27.261	27.056	28.665	29.223
19	29.037	29.329	27.184	26.990	28.540	29.128
20	28.935	29.239	27.102	26.919	28.409	29.026
21	28.827	29.142	27.014	26.841	28.271	28.917
22	28.713	29.037	26.921	26.758	28.127	28.800
23	28.591	28.925	26.821	26.668	27.977	28.676
24	28.463	28.805	26.714	26.570	27.819	28.544
25	28.328	28.675	26.601	26.465	27.655	28.405
26	28.186	28.537	26.481	26.353	27.483	28.257
27	28.035	28.383	26.353	26.228	27.302	28.094
28	27.877	28.224	26.217	26.098	27.116	27.925
29	27.713	28.059	26.074	25.963	26.922	27.751
30	27.541	27.890	25.923	25.823	26.722	27.571
31	27.359	27.714	25.761	25.677	26.515	27.385
32	27.170	27.533	25.592	25.526	26.300	27.193
33	26.975	27.346	25.416	25.370	26.078	26.994
34	26.773	27.153	25.233	25.207	25.848	26.790
35	26.564	26.953	25.043	25.040	25.611	26.578
36	26.348	26.747	24.845	24.866	25.366	26.360
37	26.125	26.535	24.641	24.687	25.113	26.135
38	25.895	26.315	24.429	24.501	24.851	25.902
39	25.657	26.088	24.210	24.310	24.581	25.662
40	25.393	25.841	23.955	24.083	24.302	25.414
41	25.101	25.572	23.662	23.823	24.015	25.159
42	24.798	25.293	23.360	23.555	23.718	24.895
43	24.485	25.005	23.048	23.281	23.413	24.624
44	24.161	24.707	22.726	22.999	23.098	24.344
45	23.825	24.399	22.394	22.710	22.774	24.056
46	23.479	24.081	22.051	22.413	22.440	23.760
47	23.121	23.753	21.697	22.107	22.097	23.455
48	22.751	23.414	21.331	21.793	21.745	23.141
49	22.370	23.064	20.954	21.469	21.383	22.818
50	21.927	22.704	20.496	21.135	21.012	22.486
51	21.419	22.333	19.956	20.791	20.631	22.146
52	20.894	21.951	19.397	20.437	20.242	21.796
53	20.351	21.557	18.818	20.071	19.843	21.436
54	19.792	21.152	18.219	19.694	19.435	21.068
55	19.299	20.756	17.706	19.332	19.017	20.689
56	18.880	20.369	17.285	18.985	18.592	20.301
57	18.452	19.973	16.847	18.624	18.157	19.903
58	18.015	19.567	16.399	18.250	17.714	19.495
59	17.571	19.150	15.947	17.862	17.263	19.077
60	17.118	18.723	15.491	17.458	16.803	18.649
61	16.657	18.286	15.034	17.039	16.336	18.210
62	16.189	17.838	14.574	16.604	15.862	17.760
63	15.714	17.379	14.114	16.152	15.381	17.300
64	15.232	16.910	13.654	15.692	14.894	16.829
65	14.743	16.430	13.195	15.226	14.400	16.348
66	14.248	15.940	12.738	14.755	13.899	15.856
67	13.751	15.442	12.283	14.279	13.398	15.357
68	13.253	14.937	11.831	13.799	12.896	14.851
69	12.755	14.426	11.383	13.315	12.395	14.339
70	12.257	13.908	10.939	12.829	11.895	13.821
71	11.761	13.387	10.499	12.340	11.397	13.298
72	11.267	12.860	10.063	11.850	10.902	12.771
73	10.775	12.331	9.632	11.358	10.410	12.241
74	10.286	11.799	9.204	10.867	9.921	11.709
75	9.800	11.266	8.780	10.376	9.436	11.176
76	9.320	10.734	8.362	9.890	8.958	10.644
77	8.847	10.206	7.953	9.409	8.489	10.116
78	8.385	9.684	7.555	8.937	8.031	9.595
79	7.936	9.172	7.170	8.476	7.586	9.083
80	7.500	8.670	6.798	8.027	7.156	8.582
81	7.080	8.179	6.442	7.592	6.743	8.092
82	6.677	7.701	6.102	7.168	6.347	7.615
83	6.292	7.235	5.778	6.757	5.971	7.150
84	5.926	6.783	5.473	6.358	5.615	6.700
85	5.580	6.347	5.185	5.975	5.279	6.266
86	5.255	5.930	4.915	5.609	4.964	5.850
87	4.952	5.534	4.665	5.263	4.672	5.457
88	4.671	5.165	4.435	4.941	4.404	5.090
89	4.415	4.822	4.227	4.644	4.160	4.750
90	4.186	4.508	4.042	4.372	3.944	4.438
91	3.986	4.222	3.883	4.125	3.757	4.155
92	3.811	3.963	3.744	3.901	3.594	3.899
93	3.651	3.728	3.616	3.694	3.448	3.667
94	3.501	3.513	3.489	3.501	3.310	3.456
95	3.360	3.318	3.360	3.318	3.180	3.265
96	3.229	3.142	3.229	3.142	3.060	3.094
97	3.092	2.972	3.092	2.972	2.933	2.928
98	2.945	2.801	2.945	2.801	2.796	2.763
99	2.783	2.624	2.783	2.624	2.643	2.592

Table 6 Valuation factors — old scheme pensioners whose pension commenced on or after 1 June 1990

	Age Pensioner		Invalidity Pensioner		Spouse Pensioner
Age	Males	Females	Males	Females	Males	Females
18	24.274	24.453	22.867	22.691	23.980	24.334
19	24.217	24.405	22.824	22.655	23.905	24.278
20	24.157	24.352	22.777	22.614	23.827	24.218
21	24.093	24.295	22.726	22.570	23.744	24.153
22	24.024	24.233	22.672	22.521	23.656	24.083
23	23.951	24.166	22.614	22.469	23.564	24.008
24	23.874	24.094	22.551	22.412	23.467	23.928
25	23.792	24.016	22.484	22.350	23.365	23.843
26	23.705	23.933	22.411	22.283	23.257	23.752
27	23.612	23.840	22.333	22.208	23.143	23.652
28	23.514	23.743	22.250	22.130	23.024	23.547
29	23.411	23.642	22.162	22.048	22.900	23.438
30	23.303	23.537	22.067	21.961	22.770	23.325
31	23.188	23.428	21.965	21.871	22.634	23.207
32	23.067	23.314	21.857	21.776	22.493	23.084
33	22.941	23.195	21.744	21.677	22.345	22.956
34	22.810	23.072	21.624	21.573	22.190	22.823
35	22.673	22.943	21.499	21.465	22.029	22.684
36	22.530	22.809	21.367	21.352	21.862	22.539
37	22.381	22.669	21.230	21.234	21.687	22.389
38	22.226	22.523	21.087	21.112	21.505	22.232
39	22.064	22.372	20.937	20.984	21.315	22.069
40	21.883	22.205	20.760	20.829	21.118	21.900
41	21.681	22.021	20.553	20.646	20.913	21.723
42	21.469	21.829	20.338	20.457	20.699	21.540
43	21.247	21.628	20.114	20.262	20.478	21.350
44	21.016	21.419	19.881	20.060	20.247	21.152
45	20.775	21.201	19.638	19.852	20.008	20.947
46	20.523	20.974	19.385	19.636	19.760	20.733
47	20.261	20.737	19.122	19.413	19.503	20.512
48	19.988	20.491	18.848	19.181	19.237	20.283
49	19.704	20.234	18.563	18.941	18.962	20.046
50	19.371	19.968	18.213	18.692	18.677	19.800
51	18.985	19.691	17.794	18.433	18.383	19.546
52	18.582	19.403	17.358	18.164	18.080	19.283
53	18.161	19.105	16.901	17.884	17.767	19.010
54	17.723	18.795	16.423	17.592	17.445	18.728
55	17.334	18.490	16.011	17.312	17.113	18.437
56	17.000	18.191	15.668	17.042	16.772	18.136
57	16.656	17.882	15.308	16.759	16.421	17.825
58	16.304	17.562	14.938	16.462	16.061	17.504
59	15.941	17.232	14.561	16.152	15.692	17.173
60	15.570	16.891	14.180	15.826	15.314	16.830
61	15.190	16.540	13.794	15.485	14.927	16.477
62	14.801	16.177	13.405	15.128	14.531	16.112
63	14.403	15.802	13.013	14.754	14.127	15.736
64	13.997	15.416	12.620	14.370	13.715	15.349
65	13.583	15.019	12.225	13.980	13.294	14.950
66	13.161	14.610	11.829	13.582	12.865	14.539
67	12.734	14.191	11.434	13.178	12.433	14.119
68	12.304	13.764	11.039	12.767	11.998	13.690
69	11.871	13.329	10.646	12.351	11.561	13.254
70	11.437	12.886	10.254	11.931	11.123	12.809
71	11.001	12.436	9.864	11.506	10.684	12.358
72	10.565	11.979	9.476	11.076	10.245	11.900
73	10.129	11.516	9.090	10.644	9.806	11.436
74	9.692	11.048	8.705	10.208	9.368	10.968
75	9.256	10.577	8.322	9.772	8.932	10.496
76	8.823	10.104	7.943	9.336	8.499	10.023
77	8.395	9.632	7.571	8.903	8.072	9.550
78	7.975	9.163	7.206	8.476	7.653	9.081
79	7.563	8.699	6.851	8.058	7.245	8.618
80	7.163	8.243	6.509	7.648	6.849	8.162
81	6.776	7.796	6.179	7.249	6.466	7.715
82	6.403	7.357	5.863	6.859	6.099	7.277
83	6.045	6.927	5.561	6.479	5.748	6.849
84	5.704	6.509	5.275	6.109	5.414	6.431
85	5.380	6.103	5.005	5.752	5.099	6.027
86	5.075	5.713	4.752	5.410	4.803	5.639
87	4.789	5.343	4.516	5.085	4.527	5.270
88	4.524	4.995	4.299	4.782	4.273	4.924
89	4.282	4.672	4.102	4.501	4.042	4.603
90	4.065	4.375	3.927	4.244	3.836	4.308
91	3.875	4.104	3.776	4.010	3.658	4.040
92	3.709	3.858	3.645	3.797	3.503	3.796
93	3.558	3.634	3.524	3.601	3.364	3.576
94	3.416	3.429	3.403	3.417	3.233	3.374
95	3.281	3.243	3.281	3.243	3.109	3.192
96	3.157	3.075	3.157	3.075	2.995	3.029
97	3.027	2.912	3.027	2.912	2.875	2.870
98	2.887	2.749	2.887	2.749	2.744	2.711
99	2.732	2.579	2.732	2.579	2.598	2.548

Part 4 South Australian Parliamentary Superannuation Scheme

1 Definitions

In this Part:

additional prescribed office amount, for a prescribed office the person has held during the person’s service, is one-twelfth of 6.25 per cent of the additional salary at the relevant date (expressed as an annual amount) payable in respect of that office for each complete month the person held the office.

additional salary has the meaning given by subsection 5 (1) of the Parliamentary Superannuation Act.

basic salary has the meaning given by subsection 5 (1) of the Parliamentary Superannuation Act.

new scheme member has the meaning given by subsection 5 (1) of the Parliamentary Superannuation Act.

old scheme member has the meaning given by subsection 5 (1) of the Parliamentary Superannuation Act.

Parliamentary Superannuation Act means the Parliamentary Superannuation Act 1974 (SA).

prescribed office has the meaning given by subsection 5 (1) of the Parliamentary Superannuation Act.

SA Parliamentary Superannuation Scheme means the scheme for the payment of superannuation benefits constituted by the Parliamentary Superannuation Act.

service has the meaning given by subsection 5 (1) of the Parliamentary Superannuation Act.

2 Methods and factors for interests in the SA Parliamentary Superannuation Scheme

For an interest that is in the growth phase in the SA Parliamentary Superannuation Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as an old scheme member in the SA Parliamentary Superannuation Scheme.	where: S is the person’s basic salary (expressed as an annual amount), at the relevant date. n1 is the lesser of: (a) the number of complete months of the person’s service at the relevant date; and (b) 72. n2 is the number of complete months of the person’s service at the relevant date in excess of 6 years subject to a maximum of 169. n3 is the lesser of: (a) the number of complete months of the person’s service at the relevant date; and (b) 96. n4 is the number of complete months of the person’s service at the relevant date in excess of 8 years subject to a maximum of 169.
		HS and BS are the amounts that would be calculated under subsection 17 (2) of the Parliamentary Superannuation Act if the person were eligible to receive a pension under section 16 of that Act on the relevant date. Fy+m is the factor calculated in accordance with the following formula:
		where: Fy is the valuation factor mentioned in Table 1A (males) or 1B (females) that applies at the person’s age in completed years and the number of complete years of the person’s service, at the relevant date. m is the number of months of the person’s age which are not included in the completed years of age at the relevant date.
		Fy +1 is the valuation factor mentioned in Table 1A (males) or 1B (females) that would apply if: (a) the person’s age at the relevant date were one year more than it is; and (b) the number of complete years of the person’s service at the relevant date were one year more than it is.
2	An interest that a person has as a new scheme member in the SA Parliamentary Superannuation Scheme.	where: S has the meaning given by item 1. n1 has the meaning given by item 1. n2 has the meaning given by item 1. APOP is the person’s additional prescribed office proportion, being the lesser of: (a) the proportion that the sum of the person’s additional prescribed office amounts for each prescribed office the person has held during the person’s service, bears to the person’s basic salary (expressed as an annual amount) at the relevant date; and
		(b) the proportion that 75 per cent of the highest additional salary payable (expressed as an annual amount) at the relevant date in respect of any prescribed office the person has held bears to the person’s basic salary (also expressed as an annual amount) at that date.
		Fy+m is the factor calculated in accordance with the following formula: where: Fy is the valuation factor mentioned in Table 2A (males) or 2B (females) that applies at the person’s age in completed years and the number of complete years of the person’s service, at the relevant date. m has the meaning given by item 1. Fy +1 is the valuation factor mentioned in Table 2A (males) or 2B (females) that would apply if: (a) the person’s age at the relevant date were one year more than it is; and (b) the number of complete years of the person’s service at the relevant date were one year more than it is.

Table 1A Valuation factors for old scheme members — males

	Number of complete years of service
Age	0 to 3	4 to 5	6 to 10	11 to 15	16 to 20	Over 20
30	12.575	13.887	14.342
31	12.477	13.794	14.334
32	12.379	13.701	14.326
33	12.282	13.608	14.318
34	12.183	13.514	14.309
35	12.086	13.421	14.301
36	11.988	13.329	14.293	15.540
37	11.768	13.099	14.137	15.389
38	11.543	12.864	13.973	15.232
39	11.316	12.626	13.804	15.067
40	11.086	12.385	13.629	14.894
41	11.017	12.253	13.450	14.714	15.651
42	10.944	12.118	13.268	14.527	15.467
43	10.868	11.982	13.086	14.333	15.276
44	10.790	11.844	12.903	14.133	15.078
45	10.710	11.707	12.721	13.929	14.872
46	10.629	11.568	12.539	13.721	14.659	14.945
47	10.548	11.431	12.360	13.512	14.440	14.725
48	10.470	11.300	12.187	13.305	14.213	14.499
49	10.414	11.193	12.042	13.099	13.980	14.266
50	10.382	11.113	11.926	12.896	13.744	14.025
51	10.319	11.086	11.843	12.700	13.510	13.784
52	10.270	11.075	11.777	12.515	13.287	13.551
53	10.240	11.083	11.732	12.347	13.077	13.329
54	10.229	11.111	11.709	12.230	12.886	13.125
55	10.240	11.164	11.711	12.163	12.717	12.944
56	10.286	11.254	11.753	12.147	12.566	12.783
57	10.368	11.384	11.836	12.154	12.433	12.638
58	10.487	11.556	11.961	12.186	12.322	12.512
59	10.645	11.772	12.131	12.248	12.295	12.412
60	10.842	12.032	12.344	12.344	12.344	12.344
61	10.819	12.006	12.318	12.318	12.318	12.318
62	10.740	11.919	12.228	12.228	12.228	12.228
63	10.615	11.780	12.086	12.086	12.086	12.086
64	10.444	11.590	11.891	11.891	11.891	11.891
65	10.222	11.344	11.638	11.638	11.638	11.638
66	9.925	11.014	11.300	11.300	11.300	11.300
67	9.722	10.789	11.069	11.069	11.069	11.069
68	9.567	10.617	10.893	10.893	10.893	10.893
69	9.490	10.532	10.805	10.805	10.805	10.805
70	9.539	10.586	10.861	10.861	10.861	10.861

Table 1B Valuation factors for old scheme members — females

	Number of complete years of service
Age	0 to 3	4 to 5	6 to 10	11 to 15	16 to 20	Over 20
30	12.672	13.994	14.452
31	12.582	13.910	14.454
32	12.492	13.825	14.456
33	12.402	13.741	14.458
34	12.311	13.656	14.459
35	12.221	13.572	14.461
36	12.131	13.487	14.463	15.678
37	11.924	13.273	14.325	15.541
38	11.715	13.056	14.182	15.399
39	11.505	12.837	14.035	15.251
40	11.294	12.617	13.885	15.097
41	11.249	12.511	13.733	14.939	15.844
42	11.200	12.402	13.579	14.777	15.680
43	11.150	12.292	13.425	14.612	15.511
44	11.098	12.182	13.271	14.444	15.339
45	11.046	12.073	13.119	14.274	15.163
46	10.993	11.965	12.969	14.103	14.984	15.255
47	10.944	11.861	12.824	13.933	14.802	15.072
48	10.897	11.760	12.684	13.763	14.619	14.887
49	10.875	11.688	12.575	13.597	14.435	14.700
50	10.876	11.642	12.494	13.436	14.252	14.514
51	10.842	11.649	12.444	13.280	14.072	14.330
52	10.821	11.668	12.408	13.134	13.897	14.149
53	10.814	11.704	12.390	12.999	13.729	13.974
54	10.825	11.759	12.391	12.912	13.572	13.808
55	10.855	11.834	12.414	12.869	13.427	13.655
56	10.919	11.946	12.476	12.873	13.296	13.515
57	11.020	12.100	12.580	12.901	13.183	13.390
58	11.158	12.296	12.727	12.955	13.093	13.285
59	11.338	12.538	12.920	13.039	13.086	13.205
60	11.557	12.825	13.158	13.158	13.158	13.158
61	11.551	12.819	13.152	13.152	13.152	13.152
62	11.490	12.751	13.082	13.082	13.082	13.082
63	11.379	12.628	12.956	12.956	12.956	12.956
64	11.221	12.453	12.776	12.776	12.776	12.776
65	11.009	12.217	12.534	12.534	12.534	12.534
66	10.716	11.892	12.201	12.201	12.201	12.201
67	10.520	11.675	11.978	11.978	11.978	11.978
68	10.373	11.511	11.810	11.810	11.810	11.810
69	10.307	11.438	11.735	11.735	11.735	11.735
70	10.373	11.511	11.810	11.810	11.810	11.810

Table 2A Valuation factors for new scheme members — males

	Number of complete years of service
Age	0 to 3	4 to 5	6 to 10	11 to 15	16 to 20	Over 20
30	7.320	7.617	7.750
31	7.446	7.721	7.848
32	7.571	7.825	7.945
33	7.699	7.930	8.043
34	7.827	8.035	8.141
35	7.955	8.139	8.238
36	8.085	8.244	8.336	8.489
37	8.225	8.359	8.443	8.549
38	8.376	8.484	8.561	8.633
39	8.541	8.623	8.692	8.745
40	8.723	8.778	8.839	8.882
41	8.855	8.930	9.004	9.040	9.000
42	9.002	9.098	9.186	9.215	9.137
43	9.161	9.278	9.381	9.407	9.316
44	9.328	9.467	9.585	9.621	9.548
45	9.496	9.659	9.793	9.858	9.825
46	9.662	9.849	9.999	10.124	10.142	10.108
47	9.803	10.016	10.182	10.369	10.435	10.417
48	9.923	10.160	10.343	10.593	10.704	10.702
49	10.041	10.304	10.504	10.794	10.946	10.961
50	10.157	10.445	10.663	10.973	11.163	11.192
51	10.232	10.601	10.827	11.128	11.357	11.399
52	10.299	10.749	10.984	11.262	11.531	11.584
53	10.357	10.890	11.134	11.376	11.688	11.751
54	10.408	11.027	11.279	11.500	11.827	11.901
55	10.453	11.158	11.419	11.636	11.951	12.037
56	10.505	11.300	11.570	11.788	12.053	12.154
57	10.566	11.453	11.733	11.934	12.127	12.244
58	10.641	11.624	11.914	12.073	12.174	12.306
59	10.731	11.815	12.116	12.210	12.247	12.340
60	10.842	12.032	12.344	12.344	12.344	12.344
61	10.819	12.006	12.318	12.318	12.318	12.318
62	10.740	11.919	12.228	12.228	12.228	12.228
63	10.615	11.780	12.086	12.086	12.086	12.086
64	10.444	11.590	11.891	11.891	11.891	11.891
65	10.222	11.344	11.638	11.638	11.638	11.638
66	9.925	11.014	11.300	11.300	11.300	11.300
67	9.722	10.789	11.069	11.069	11.069	11.069
68	9.567	10.617	10.893	10.893	10.893	10.893
69	9.490	10.532	10.805	10.805	10.805	10.805
70	9.539	10.586	10.861	10.861	10.861	10.861

Table 2B Valuation factors for new scheme members — females

	Number of complete years of service
Age	0 to 3	4 to 5	6 to 10	11 to 15	16 to 20	Over 20
30	7.371	7.670	7.804
31	7.505	7.783	7.911
32	7.640	7.896	8.017
33	7.776	8.009	8.124
34	7.914	8.123	8.231
35	8.051	8.237	8.337
36	8.190	8.351	8.444	8.567
37	8.346	8.481	8.567	8.639
38	8.517	8.627	8.705	8.736
39	8.704	8.788	8.858	8.863
40	8.911	8.967	9.029	9.018
41	9.068	9.144	9.220	9.197	9.124
42	9.242	9.339	9.430	9.395	9.279
43	9.429	9.549	9.655	9.614	9.479
44	9.624	9.768	9.890	9.859	9.736
45	9.824	9.993	10.131	10.131	10.041
46	10.021	10.215	10.371	10.435	10.391	10.343
47	10.197	10.418	10.591	10.719	10.722	10.688
48	10.352	10.599	10.790	10.984	11.033	11.013
49	10.504	10.779	10.988	11.228	11.324	11.318
50	10.655	10.958	11.186	11.452	11.595	11.603
51	10.763	11.150	11.388	11.653	11.845	11.867
52	10.858	11.332	11.580	11.831	12.073	12.109
53	10.942	11.506	11.763	11.985	12.279	12.329
54	11.017	11.671	11.938	12.147	12.462	12.526
55	11.083	11.830	12.107	12.314	12.622	12.702
56	11.153	11.996	12.283	12.496	12.756	12.852
57	11.232	12.175	12.472	12.669	12.861	12.975
58	11.322	12.369	12.677	12.836	12.937	13.068
59	11.430	12.585	12.905	12.998	13.036	13.129
60	11.557	12.825	13.158	13.158	13.158	13.158
61	11.551	12.819	13.152	13.152	13.152	13.152
62	11.490	12.751	13.082	13.082	13.082	13.082
63	11.379	12.628	12.956	12.956	12.956	12.956
64	11.221	12.453	12.776	12.776	12.776	12.776
65	11.009	12.217	12.534	12.534	12.534	12.534
66	10.716	11.892	12.201	12.201	12.201	12.201
67	10.520	11.675	11.978	11.978	11.978	11.978
68	10.373	11.511	11.810	11.810	11.810	11.810
69	10.307	11.438	11.735	11.735	11.735	11.735
70	10.373	11.511	11.810	11.810	11.810	11.810

Part 5 South Australian Judges’ Pension Scheme

Division 5.1 Definitions

1 Definitions

In this Part:

age of retirement has the meaning given by subsection 4 (1) of the SA Judges’ Pensions Act.

Judge has the meaning given by subsection 4 (1) of the SA Judges’ Pensions Act.

judicial service has the meaning given by subsection 4 (1) of the SA Judges’ Pensions Act.

SA Judges’ Pensions Act means the Judges’ Pensions Act 1971 (SA).

SA Judges’ Pensions Scheme means the scheme established by Part 2 of the SA Judges’ Pensions Act.

Division 5.2 Interests in the growth phase

2 Methods and factors for interests in the SA Judges’ Pensions Scheme

For an interest that is in the growth phase in the SA Judges’ Pensions Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as a Judge in the SA Judges’ Pensions Scheme.	where: S is the person’s annual salary at the relevant date. A is the person’s accrued pension multiple at the relevant date calculated by reference to whichever of the following applies: (a) if the person is aged 60 years or more and has 10 years or more judicial service — the lesser of: (i) 0.6; and (ii) 0.5  0.01  csm; where: csm is the number of periods of 6 complete months of the person’s judicial service between the 10th anniversary of the day when the person commenced judicial service and the relevant date.
		(b) if the person is aged less than 60 and will have 10 years or more judicial service when the person turns 60: where: psm is: (a) the number of periods of 6 complete months of the person’s judicial service between the 5th anniversary of the day when the person commenced judicial service and the day when the person turns 60; or (b) if the number under paragraph (a) is more than 20 — 20. djs is the number of days of the person’s judicial service commencing on the day when the person commenced judicial service and ending on the relevant date. pdjs is the number of days of the person’s judicial service commencing on the day when the person commenced judicial service and ending on the day when the person turns 60.
		(c) if neither paragraph (a) nor (b) applies and the person commenced judicial service at least 10 years before the person’s age of retirement: where: djs is the number of days of the person’s judicial service commencing on the day when the person commenced judicial service and ending on the relevant date. pdjs is the number of days of the person’s judicial service commencing on the day when the person commenced judicial service and ending on the 10th anniversary of that day.
		(d) if the person commenced judicial service less than 10 years before the person’s age of retirement: where: psm is the number of periods of 6 complete months of the person’s judicial service between the 5th anniversary of the day when the person commenced judicial service and ending on the day when the person reaches the person’s age of retirement. djs is the number of days of the person’s judicial service commencing on the day when the person commenced judicial service and ending on the relevant date. tdjs is the number of days of the person’s judicial service commencing on the day when the person commenced judicial service and ending on the day when the person reaches the person’s age of retirement. Fy+m is the factor calculated in accordance with the following formula: where: Fy is the valuation factor mentioned in Table 1 of this Part that applies at the relevant date to the person’s gender, age in completed years (y) and age of retirement. m is the number of complete months of the person’s age that are not included in the person’s completed years of age. Fy+1 is the valuation factor mentioned in Table 1 of this Part that would apply to the person if the person’s age (y) were 1 year more than the person’s age in completed years at the relevant date. AF is: (a) in the case of a person who was aged less than 50 on the date when the person commenced judicial service — 1; and (b) in any other case: (i) if the person commenced judicial service not more than 182 days after the person’s birthday — the adjustment factor mentioned in Table 2 of this Part that applies to the person’s age at that birthday; and
		(ii) if the person commenced judicial service more than 182 days after the person’s birthday — the adjustment factor mentioned in Table 2 of this Part that applies to the person’s age at the person’s next birthday.
2	An interest that a person has in the SA Judges’ Pensions Scheme if the person: (a) was a Judge; and (b) resigned before turning 60; and (c) had judicial service of 15 years or more.	where: S is the annual salary payable to the person immediately before the date when the person resigned, adjusted in accordance with the Consumer Price Index (all groups index for Adelaide) for the period between the date the person resigned and the relevant date. DFy+m is the factor calculated in accordance with the following formula: where: DFy is the valuation factor mentioned in Table 3 of this Part that applies at the relevant date to the person’s gender and age in completed years (y). m has the meaning given by item 1. DFy+1 is the valuation factor mentioned in Table 3 of this Part that would apply to the person if the person’s age (y) were one year more than the person’s age in completed years at the relevant date.

Division 5.3 Interests in the payment phase

3 Methods and factors for interests in the SA Judges’ Pensions Scheme

For an interest that is in the payment phase in the SA Judges’ Pensions Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item

Interest in the payment phase

Method or factor

An interest that a person has in the SA Judges’ Pensions Scheme if the person is entitled to a pension under that Scheme.

where:

P is the annual pension payable to the person under the SA Judges’ Pensions Act.

PFy+m is the factor calculated in accordance with the following formula:

where:

PFy is the pension valuation factor mentioned in Table 4 of this Part that applies at the relevant date to the person’s gender, age in completed years (y) and the type of pension.

m is the number of complete months of the person’s age that are not included in the person’s completed years of age.

PFy+1 is the valuation factor mentioned in Table 4 of this Part that would apply to the person if the person’s age (y) were one year more than the person’s age in completed years at the relevant date.

Division 5.4 Factors

Table 1 Valuation factors — Serving Judges

	Retirement Age of 65		Retirement Age of 70
Age	Males	Females	Males	Females
31	6.488	6.924	5.650	6.027
32	6.636	7.086	5.778	6.166
33	6.788	7.250	5.908	6.308
34	6.943	7.419	6.041	6.454
35	7.100	7.591	6.176	6.602
36	7.262	7.766	6.315	6.753
37	7.427	7.946	6.456	6.908
38	7.595	8.129	6.600	7.065
39	7.767	8.317	6.747	7.226
40	7.942	8.508	6.897	7.391
41	8.122	8.704	7.050	7.559
42	8.305	8.904	7.206	7.730
43	8.492	9.109	7.365	7.905
44	8.682	9.318	7.527	8.083
45	8.877	9.531	7.692	8.266
46	9.076	9.750	7.860	8.452
47	9.280	9.973	8.032	8.642
48	9.488	10.202	8.207	8.836
49	9.700	10.436	8.386	9.034
50	9.917	10.675	8.568	9.237
51	10.139	10.921	8.754	9.445
52	10.367	11.173	8.944	9.657
53	10.600	11.431	9.139	9.875
54	10.840	11.697	9.338	10.098
55	11.087	11.970	9.543	10.327
56	11.341	12.251	9.753	10.562
57	11.602	12.540	9.968	10.804
58	11.872	12.839	10.189	11.053
59	12.150	13.147	10.417	11.309
60	12.438	13.466	10.651	11.573
61	12.425	13.481	10.377	11.315
62	12.597	13.686	10.373	11.335
63	12.809	13.930	10.389	11.378
64	13.064	14.219	10.431	11.446
65	13.369	14.558	10.499	11.544
66			10.599	11.674
67			10.734	11.841
68			10.908	12.051
69			11.128	12.308
70			11.246	12.459

Table 2 Adjustment factors

Age	Retirement age of 65	Retirement Age of 70
		Age at Nearest Birthday to Date Judicial Service Commenced
		50	51	52	53	54	55+
50	0.96	0.95
51	0.96	0.95	0.94
52	0.96	0.95	0.94	0.92
53	0.96	0.95	0.94	0.92	0.90
54	0.96	0.95	0.94	0.92	0.90	0.88
55	0.96	0.95	0.94	0.92	0.90	0.88	0.86
56	0.96	0.95	0.94	0.92	0.90	0.88	0.86
57	0.96	0.95	0.94	0.92	0.90	0.88	0.86
58	0.96	0.95	0.94	0.92	0.90	0.88	0.86
59	0.96	0.95	0.94	0.92	0.90	0.88	0.86
60	0.96	0.95	0.94	0.92	0.90	0.88	0.86
61	0.99	1.00	0.98	0.96	0.94	0.93	0.90
62	0.99	1.00	1.00	0.98	0.96	0.95	0.92
63	1.00	1.00	1.00	1.00	0.98	0.97	0.94
64	1.00	1.00	1.00	1.00	1.00	0.98	0.95
65	1.00	1.00	1.00	1.00	1.00	1.00	0.97
66		1.00	1.00	1.00	1.00	1.00	0.98
67		1.00	1.00	1.00	1.00	1.00	0.98
68		1.00	1.00	1.00	1.00	1.00	0.99
69		1.00	1.00	1.00	1.00	1.00	0.99
70		1.00	1.00	1.00	1.00	1.00	1.00

Table 3 Valuation factors — Judges who resigned before turning 60 with judicial service of 15 years or more

Age	Males	Females
45	8.745	9.299
46	9.072	9.651
47	9.411	10.016
48	9.764	10.396
49	10.130	10.791
50	10.510	11.202
51	10.906	11.629
52	11.318	12.075
53	11.747	12.539
54	12.195	13.022
55	12.663	13.527
56	13.152	14.055
57	13.663	14.606
58	14.199	15.184
59	14.761	15.788
60	15.351	16.423

Table 4 Valuation factors — interests in the payment phase

	Age Pensioner		Invalidity Pensioner		Spouse Pensioner
Age	Males	Females	Males	Females	Males	Females
18	24.247	24.340	22.739	21.930	23.906	24.178
19	24.186	24.279	22.681	21.873	23.825	24.107
20	24.121	24.213	22.620	21.811	23.740	24.033
21	24.052	24.144	22.554	21.745	23.651	23.954
22	23.978	24.069	22.483	21.675	23.558	23.870
23	23.899	23.990	22.409	21.602	23.460	23.782
24	23.816	23.906	22.330	21.525	23.357	23.689
25	23.728	23.816	22.246	21.443	23.250	23.591
26	23.636	23.723	22.158	21.357	23.137	23.489
27	23.538	23.625	22.065	21.268	23.020	23.381
28	23.436	23.523	21.968	21.174	22.897	23.270
29	23.329	23.417	21.866	21.077	22.769	23.154
30	23.217	23.306	21.759	20.975	22.635	23.034
31	23.099	23.192	21.647	20.869	22.496	22.909
32	22.977	23.072	21.530	20.758	22.351	22.779
33	22.850	22.948	21.408	20.643	22.199	22.643
34	22.717	22.819	21.280	20.522	22.042	22.503
35	22.578	22.685	21.147	20.396	21.877	22.357
36	22.434	22.545	21.008	20.265	21.706	22.205
37	22.284	22.399	20.862	20.128	21.528	22.047
38	22.128	22.248	20.710	19.985	21.343	21.882
39	21.965	22.091	20.552	19.836	21.150	21.712
40	21.782	21.916	20.359	19.644	20.949	21.535
41	21.576	21.722	20.130	19.410	20.741	21.351
42	21.361	21.519	19.891	19.168	20.524	21.160
43	21.136	21.307	19.642	18.918	20.298	20.962
44	20.901	21.087	19.383	18.659	20.064	20.756
45	20.656	20.858	19.112	18.392	19.821	20.544
46	20.400	20.619	18.830	18.115	19.569	20.323
47	20.133	20.370	18.535	17.828	19.308	20.095
48	19.855	20.112	18.227	17.530	19.037	19.859
49	19.566	19.844	17.904	17.221	18.758	19.615
50	19.224	19.566	17.501	16.900	18.469	19.362
51	18.826	19.277	17.011	16.566	18.171	19.101
52	18.410	18.978	16.506	16.227	17.863	18.832
53	17.976	18.668	15.988	15.883	17.546	18.554
54	17.524	18.348	15.456	15.536	17.220	18.267
55	17.126	18.035	15.022	15.223	16.884	17.971
56	16.789	17.732	14.692	14.945	16.540	17.666
57	16.442	17.419	14.358	14.664	16.186	17.352
58	16.087	17.097	14.021	14.380	15.823	17.028
59	15.723	16.765	13.681	14.094	15.452	16.694
60	15.351	16.423	13.338	13.805	15.072	16.350
61	14.970	16.070	12.993	13.514	14.683	15.996
62	14.581	15.708	12.647	13.221	14.287	15.632
63	14.184	15.335	12.299	12.925	13.883	15.257
64	13.780	14.951	11.950	12.627	13.472	14.872
65	13.369	14.558	11.601	12.327	13.054	14.476
66	12.950	14.154	11.252	12.026	12.629	14.071
67	12.528	13.741	10.903	11.722	12.200	13.657
68	12.102	13.321	10.554	11.416	11.770	13.235
69	11.675	12.893	10.207	11.108	11.338	12.806
70	11.246	12.459	9.861	10.798	10.905	12.371
71	10.816	12.018	9.517	10.487	10.472	11.929
72	10.386	11.572	9.176	10.173	10.039	11.482
73	9.955	11.121	8.839	9.857	9.606	11.030
74	9.525	10.665	8.504	9.538	9.174	10.574
75	9.095	10.207	8.174	9.216	8.745	10.115
76	8.669	9.748	7.848	8.891	8.319	9.656
77	8.247	9.291	7.527	8.562	7.898	9.198
78	7.833	8.837	7.211	8.229	7.487	8.744
79	7.429	8.390	6.901	7.890	7.085	8.297
80	7.036	7.950	6.597	7.544	6.696	7.858
81	6.656	7.520	6.300	7.190	6.321	7.428
82	6.290	7.098	6.011	6.827	5.962	7.007
83	5.939	6.687	5.729	6.451	5.618	6.596
84	5.605	6.286	5.456	6.086	5.292	6.197
85	5.289	5.899	5.191	5.734	4.985	5.811
86	4.992	5.528	4.937	5.395	4.697	5.441
87	4.715	5.177	4.693	5.075	4.430	5.091
88	4.459	4.848	4.461	4.775	4.185	4.763
89	4.228	4.545	4.243	4.498	3.965	4.462
90	4.023	4.269	4.042	4.243	3.771	4.187
91	3.848	4.021	3.859	4.011	3.608	3.941
92	3.701	3.799	3.701	3.799	3.472	3.722
93	3.575	3.604	3.575	3.604	3.356	3.530
94	3.450	3.421	3.450	3.421	3.242	3.351
95	3.325	3.248	3.325	3.248	3.125	3.181
96	3.197	3.081	3.197	3.081	3.007	3.019
97	3.065	2.917	3.065	2.917	2.882	2.861
98	2.922	2.754	2.922	2.754	2.748	2.704
99	2.766	2.584	2.766	2.584	2.599	2.542

Schedule 7 Public sector superannuation plans — Tasmania

(section 4)

Note This heading has been reserved for future use.

Schedule 8 Public sector superannuation plans — Australian Capital Territory

(section 4)

Note This heading has been reserved for future use.

Schedule 9 Public sector superannuation plans — Northern Territory

(section 4)

Note This heading has been reserved for future use.

Schedule 10 Other superannuation plans

(section 4)

Part 22 Energy Industries Superannuation Scheme

1 Definitions

In this Part:

Early Retirement Age has the meaning given by rule 1.1 of the Rules.

EISS means the Energy Industries Superannuation Scheme established by the Trust Deed.

Rules means the rules set out Schedule 2 to the Trust Deed.

Trust Deed means the Trust Deed dated 30 June 1997, entered into by the Treasurer of New South Wales and Energy Industries Superannuation Scheme Pty Limited, as amended and in force on the commencement of this Part.

2 Methods and factors for interests of members in the EISS

For an interest that:

(a) is in the growth phase in the EISS; and

(b) is mentioned in an item in the following table;

the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An intere st that a person has in the EISS if the person has elected to make provision for a benefit provided by rule 5.10 of the Rules.	CFB + EFB × Fy+m where: CFB is the amount of the contributor‑financed benefit that would have been payable to the person under paragraph 5.10.8 (a) of the Rules if the person had been eligible to receive that benefit on the relevant date.
		EFB is the amount of the employer‑financed benefits that would have been payable to the person under paragraph 5.10.8 (b) of the Rules if the person had been eligible to receive that benefit on the relevant date. Fy+m is the factor calculated in accordance with the following formula: where: Fy is the valuation factor mentioned in Table 1 of this Part that applies to the period in completed years (y) commencing on the relevant date and ending on the date when the person will reach the person’s Early Retirement Age. m is the number of complete months commencing on the relevant date and ending on the date when the person will reach the person’s Early Retirement Age that are not included in the completed years mentioned in the definition of the factor Fy.
		Fy+1 is the valuation factor mentioned in Table 1 of this Part that applies to the period in completed years (y) commencing on the relevant date and ending 1 year after the date when the person will reach the person’s Early Retirement Age.

Table 1 Valuation factors

Number of completed years until Early Retirement Age	Factor
37	0.716
36	0.722
35	0.729
34	0.735
33	0.742
32	0.749
31	0.756
30	0.762
29	0.769
28	0.776
27	0.783
26	0.791
25	0.798
24	0.805
23	0.812
22	0.820
21	0.827
20	0.835
19	0.842
18	0.850
17	0.858
16	0.865
15	0.873
14	0.881
13	0.889
12	0.897
11	0.905
10	0.914
9	0.922
8	0.930
7	0.939
6	0.947
5	0.956
4	0.964
3	0.973
2	0.982
1	0.991
0	1.000

Part 30 Ford superannuation plans

1 Definitions

In this Part:

Ford Employees Superannuation Fund means the superannuation fund established by Deed dated 29 December 1941, and renamed by Deed dated 21 April 1999 as the Ford Employees Superannuation Fund.

Ford Management Retirement Plan means the superannuation plan established by Trust Deed dated 1 January 1989.

2 Methods and factors for interests of members in the Ford superannuation plans

For an interest that is in the growth phase in the Ford Employees Superannuation Fund or the Ford Management Retirement Plan mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as a Member of the Ford Employees Superannuation Fund.	The method set out in clause 3 of Schedule 2 to the Regulations.
2	An interest that a person has as a Member of the Ford Management Retirement Plan.	The method set out in clause 3 of Schedule 2 to the Regulations.

Part 35 GlaxoSmithKline Superannuation Fund

1 Definitions

In this Part:

GlaxoSmithKline Superannuation Fund means the pension fund established by Deed dated 3 November 1966, and renamed by Deed dated 17 April 2001 as the GlaxoSmithKline Superannuation Fund.

Part 5 Member has the same meaning as it has in the GlaxoSmithKline Superannuation Fund Trust Deed as in force at 27 June 2002.

2 Methods and factors for interests of members in the GlaxoSmithKline Superannuation Fund

For an interest that is in the growth phase in the GlaxoSmithKline Superannuation Fund mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item

Interest in the growth phase

Method or factor

An interest that a person has as a Part 5 Member of the GlaxoSmithKline Superannuation Fund.

The method set out in clause 2 of Schedule 3 of the Regulations, with the following modifications:

fy is the vesting factor mentioned in Table 1 of this Part that applies at the relevant date to the person’s age in completed years.

fy+1 is the vesting factor mentioned in Table 1 of this Part that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

Table 1 Vesting factors

Item	Age	Vesting factor	Item	Age	Vesting factor
1	16	0.05	21	36	0.59
2	17	0.06	22	37	0.62
3	18	0.06	23	38	0.65
4	19	0.07	24	39	0.68
5	20	0.08	25	40	0.71
6	21	0.10	26	41	0.73
7	22	0.11	27	42	0.76
8	23	0.13	28	43	0.78
9	24	0.15	29	44	0.81
10	25	0.17	30	45	0.83
11	26	0.19	31	46	0.86
12	27	0.22	32	47	0.88
13	28	0.26	33	48	0.90
14	29	0.29	34	49	0.92
15	30	0.34	35	50	0.93
16	31	0.38	36	51	0.95
17	32	0.42	37	52	0.96
18	33	0.47	38	53	0.97
19	34	0.51	39	54	0.99
20	35	0.55	40	55	1.00

Part 40 Hanson Australia Pty Limited as a participating employer in Sunsuper

1 Definitions

In this Part:

Additional Retirement Credit Account has the same meaning as in the Secondary Deed.

Additional Voluntary Contribution Account has the same meaning as in the Secondary Deed.

Member has the meaning given by clause 1.2 of the Secondary Deed.

Principal Deed means the Trust Deed dated 1 October 1987, as amended and in force on the commencement of this Part.

Rollover Account has the same meaning as in the Secondary Deed.

Secondary Deed means the Deed dated 29 June 2004 between Sunsuper Pty Ltd and Hanson Australia Pty Limited.

Sunsuper fund means the superannuation trust fund known as Sunsuper established by the Principal Deed.

2 Methods and factors for interests of Members in the Sunsuper fund

For an interest that is in the growth phase in the Sunsuper fund mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as a Member of the Sunsuper fund if the person is entitled to a benefit under Part 4 of the Secondary Deed.	DB + VA + PVA where: DB is the value of the component of the interest that is a defined benefit interest within the meaning of the Regulations, determined in accordance with the method set out in Schedule 2 to the Regulations.
		VA is the value of the person’s fully vested accumulation benefit, if any, being the sum of the balances of the person’s Additional Voluntary Contribution Account and the person’s Rollover Account at the relevant date.
		PVA is the value of the person’s partially vested accumulation benefit, if any, determined in accordance with the method set out in Schedule 3 to the Regulations, with the following modifications: (a) V is taken to be zero; (b) A is the amount standing to the credit of the person’s Additional Retirement Credit Account at the relevant date; (c) fy is the vesting factor mentioned in Table 1 of this Part that applies at the relevant date to the person’s age in completed years.

Table 1 Vesting factors

Age	Vesting Factor	Age	Vesting Factor
16	0.03	36	0.58
17	0.04	37	0.62
18	0.05	38	0.65
19	0.06	39	0.68
20	0.07	40	0.71
21	0.08	41	0.74
22	0.09	42	0.76
23	0.10	43	0.79
24	0.12	44	0.82
25	0.14	45	0.84
26	0.16	46	0.87
27	0.20	47	0.89
28	0.23	48	0.91
29	0.27	49	0.93
30	0.32	50	0.95
31	0.37	51	0.96
32	0.41	52	0.97
33	0.46	53	0.98
34	0.50	54	0.99
35	0.54	55	1.00

Part 90 RACV superannuation fund

1 Definition

In this Part:

RACV fund means the superannuation scheme known as the RACV Superannuation Fund established by Deed dated 1 March 1962.

2 Methods and factors for interests of members in RACV fund

For an interest that is in the growth phase in the RACV fund mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest (other than a partially vested accumulation interest) that a person has as a member of the RACV fund.	The method set out in clause 3 of Schedule 2 to the Regulations.

Part 105 UniSuper superannuation fund

Division 105.1 Definitions

1 Definitions

In this Part:

the Deed means the UniSuper Consolidated Trust Deed dated 8 November 2002.

UniSuper fund means the superannuation fund known as UniSuper and mentioned in the Deed.

Division 105.2 Interests in the growth phase

2 Methods and factors for interests of members in the UniSuper fund

For an interest that is in the growth phase in the UniSuper fund mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has, as a ‘Category I’ member of the UniSuper fund, to an entitlement to a deferred pension under clause 37.3 of the Deed, or a partial deferred pension under clause 37.4 of the Deed.	DP × F × ( PVF + RVF × .625 ) where: DP is the annual amount of the person’s deferred pension or partial deferred pension at the relevant date. F is the applicable discount factor calculated in accordance with the formula in subclause 3 (3) of Schedule 6 to the Regulations and using the factors in column 3 of the Table in clause 4 of Schedule 6 to those Regulations as if the references to ‘minimum deferral period for lump sum’ in subclause 3 (3) and clause 4 of Schedule 6 to the Regulations were references to ‘period until the person attains the minimum retirement age’. If the person has already reached the minimum retirement age or is within 1 month of that age, F is taken to be 1.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations and using the factors mentioned in clause 7 of Schedule 2 to the Regulations as if the references to ‘member spouse’s age’ in subclause 2 (2) of Schedule 4 to the Regulations and ‘member’s retirement age’ in clause 7 of Schedule 2 to the Regulations were references to ‘greater of member spouse’s current age and the minimum retirement age’.
		RVF is the applicable reversion valuation factor mentioned in clause 7 of Schedule 2 to the Regulations.

Division 105.3 Interests in the payment phase

3 Methods and factors for interests of the UniSuper fund

For an interest that is in the payment phase in the UniSuper fund mentioned in an item in the following table, the method or factor mentioned in that item is approved for section 4 of this approval.

Item	Interest in the payment phase	Method or factor
1	An interest that a person under the age of 65 years has: (a) as a ‘Category I’ member of the UniSuper fund — to an entitlement to a Disablement pension under clause A.5 of the Deed; or (b) as a ‘Category I’ member or a ‘Category II’ of the UniSuper fund — to an entitlement to a Disablement Benefit under clause B.5 of the Deed.	ARB + DP × PVF where: ARB is the value of the accrued retirement benefit in relation to the interest calculated in accordance with: (a) for a person who last became a member of the UniSuper fund on or after 1 July 1998 — the method in clause 3 of Schedule 2 to the Regulations; and (b) for a person who last became a member of the UniSuper fund before 1 July 1998 — the method in clause 28 of Schedule 2 to the Regulations; and
		except that: (c) the words ‘as provided by the trustee under section 90MZB of the Act,’ in the definition of A in subclause 3 (1) of Schedule 2 to the Regulations, in their application to the method in clause 3 of Schedule 2 to the Regulations for a person who last became a member of the UniSuper fund on or after 1 July 1998, are substituted by the words ‘within the meaning given by regulation 65’; and
		(d) the references in fy and fy+1, in their application to the method in clause 3 of Schedule 2 to the Regulations for a person who last became a member of the UniSuper fund on or after 1 July 1998, to the lump sum valuation factors mentioned in the Table in clause 4 of Schedule 2 to the Regulations are taken to be references to the lump sum valuation factors mentioned in Table 1 of Division 105.4; and
		(e) the words ‘as provided by the trustee under section 90MZB of the Act,’ in the definition of A in subclause 3 (1) of Schedule 2 to the Regulations and in the definition of B in subclause 5 (2) of Schedule 2 to the Regulations, in their application to the method in clause 28 of Schedule 2 to the Regulations for a person who became a member of the UniSuper fund before 1 July 1998, are substituted by the words ‘within the meaning given by regulation 65’; and
		(f) the references in fy and fy+1, in their application to the method in clause 28 of Schedule 2 to the Regulations for a person who became a member of the UniSuper fund before 1 July 1998, to the lump sum valuation factors mentioned in the Table in clause 4 of Schedule 2 to the Regulations are taken to be references to the lump sum valuation factors mentioned in Table 1 of Division 105.4.
		DP is the annual amount of the person’s disablement pension at the relevant date under clause A.5.1 or clause B.5.1 (after any adjustment in accordance with clause B.5.6) of the Deed.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations but using the factors mentioned in Table 2 of Division 105.4.
2	An interest that a person under the age of 65 years has to an entitlement to a Disablement benefit under clause C.5 of the Deed, as: (a) a ‘Category I’ member or a ‘Category II’ member of the UniSuper fund; or (b) a member of the UniSuper fund to which Division C of the Deed applies.	AB + DP × PVF where: AB is the account balance at the relevant date of the person’s Member Accumulation Account under clause C.3 of the Deed. DP is the annual amount of the pension at the relevant date that is the person’s disablement benefit under clause C.5.1 (after any adjustment in accordance with clause C.5.5) of Deed.
		PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations but using the pension valuation factors mentioned in Table 2 of Division 105.4.

Division 105.4 Factors for interests in the payment phase

Table 1 Lump sum valuation factors

Item	Remaining term until normal retirement age (in complete years)	Factor
1	44	0.5929
2	43	0.5847
3	42	0.5754
4	41	0.5670
5	40	0.5575
6	39	0.5492
7	38	0.5399
8	37	0.5320
9	36	0.5233
10	35	0.5161
11	34	0.5110
12	33	0.5081
13	32	0.5048
14	31	0.5039
15	30	0.5029
16	29	0.5072
17	28	0.5118
18	27	0.5167
19	26	0.5219
20	25	0.5275
21	24	0.5362
22	23	0.5454
23	22	0.5552
24	21	0.5657
25	20	0.5769
26	19	0.5887
27	18	0.6014
28	17	0.6149
29	16	0.6293
30	15	0.6446
31	14	0.6592
32	13	0.6748
33	12	0.6916
34	11	0.7094
35	10	0.7286
36	9	0.7478
37	8	0.7683
38	7	0.7905
39	6	0.8143
40	5	0.8398
41	4	0.8674
42	3	0.8970
43	2	0.9288
44	1	0.9631

Table 2 Pension valuation factors

Item	Age at relevant date (in complete years)	Males	Females
1	16	22.6582	24.5856
2	17	21.3082	23.2356
3	18	20.7636	22.7663
4	19	20.1978	22.2787
5	20	19.6100	21.7720
6	21	19.5804	21.6391
7	22	19.5860	21.5126
8	23	19.6320	21.3929
9	24	19.6476	21.2809
10	25	19.7007	21.1771
11	26	19.7116	21.0824
12	27	19.7550	20.9975
13	28	19.7429	20.9235
14	29	19.7563	20.8614
15	30	19.6998	20.8122
16	31	19.6601	20.6669
17	32	19.5358	20.5246
18	33	19.4187	20.3854
19	34	19.2034	20.2497
20	35	18.9852	20.1176
21	36	18.6572	19.8702
22	37	18.3170	19.6163
23	38	17.9635	19.3553
24	39	17.5959	19.0868
25	40	17.2133	18.8102
26	41	16.8144	18.4036
27	42	16.3981	17.9797
28	43	15.9633	17.5377
29	44	15.5086	17.0763
30	45	15.0325	16.5944
31	46	14.5336	16.0907
32	47	14.0103	15.5640
33	48	13.4607	15.0128
34	49	12.8830	14.4358
35	50	12.2753	13.8312
36	51	11.7247	13.1975
37	52	11.1435	12.5330
38	53	10.5295	11.8357
39	54	9.8797	11.1036
40	55	9.1913	10.3348
41	56	8.5367	9.5270
42	57	7.8395	8.6777
43	58	7.0958	7.7846
44	59	6.3012	6.8450
45	60	5.4508	5.8561
46	61	4.5396	4.8149
47	62	3.5523	3.7146
48	63	2.4726	2.5481
49	64	1.2916	1.3113
50	65	0.0000	0.0000

Part 110 Victorian Racing Industry Superannuation Fund

1 Definitions

In this Part:

Determined Rate has the meaning given by clause 2.8 of the Trust Deed.

Rules means the Rules in the Third Schedule to the Trust Deed.

Trust Deed means the Trust Deed governing the Victorian Racing Industry Superannuation Fund, as in force on 27 February 2003.

Victorian Racing Industry Superannuation Fund means the superannuation fund established by the Trust Deed dated 29 April 1964 and renamed, with effect on 16 August 2001, as the Victorian Racing Industry Superannuation Fund.

2 Methods and factors for interests in the Victorian Racing Industry Superannuation Fund

For an interest that is in the growth phase in the Victorian Racing Industry Superannuation Fund mentioned in the following table, the method or factor mentioned is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as a Part 1 Member of the Victorian Racing Industry Superannuation Fund.	AB + DB where: AB is the value of the person’s accumulation benefit, being the sum of: (a) the person’s Basic Own Contributions, within the meaning of rule 1.3 of the Rules, accumulated at the Determined Rate to the relevant date; and (b) any Supplementary Own Contributions, within the meaning of rule 1.4 of the Rules, that the person has made, accumulated at the Determined Rate to the relevant date; and
		(c) any Employer’s Contributions, within the meaning of clause 2.8 of the Trust Deed, made under paragraph 1.5 (c) of the Rules in respect of the person since he or she has attained age 65 to provide the Minimum SG Benefit, within the meaning of clause 2.8 of the Trust Deed, accumulated at the Determined Rate to the relevant date. DB is the gross value of the component of the interest that is a defined benefit interest within the meaning of the Regulations, determined in accordance with the method set out in clause 3 of Schedule 2 to the Regulations, modified as follows: fy is the lump sum valuation factor mentioned in clause 4 of Schedule 2 to the Regulations that applies at the relevant date to the number of complete years until the member spouse turns 60, on the assumption that the heading of the first column of the Table in that clause reads ‘Number of complete years until the member spouse turns 60’.
		fy+1 is the lump sum valuation factor mentioned in clause 4 of Schedule 2 to the Regulations that applies at the relevant date if the number of complete years until the member spouse turns 60 were one year more than the actual number of complete years until the member spouse turns that age, on the assumption that the heading of the first column of the Table in that clause reads ‘Number of complete years until the member spouse turns 60’.
2	An interest that a person has as a Part 3 Member of the Victorian Racing Industry Superannuation Fund.	AB + DB where: AB is the value of the person’s accumulation benefit (if any), being the sum of: (a) any Supplementary Contributions, within the meaning of rule 3.3 of the Rules, that the person has made, accumulated at the Determined Rate to the relevant date; and
		(b) any Employer’s Contributions, within the meaning of clause 2.8 of the Trust Deed, made under paragraph 3.5 (c) of the Rules in respect of the person since he or she has attained age 65 to provide the Minimum SG Benefit, within the meaning of clause 2.8 of the Trust Deed, accumulated at the Determined Rate to the relevant date. DB has the meaning given by item 1.

Part 115 Woodside Superannuation Fund

1 Definitions

In this Part:

Deed means the Woodside Superannuation Fund Trust Deed as in force at 30 October 2001.

Part VI Member has the same meaning as in the Deed.

Rules has the same meaning as in the Deed.

Woodside Superannuation Fund means the Woodside Superannuation Fund established by Trust Deed dated 30 July 1979.

2 Methods and factors for interests of members in the Woodside Superannuation Fund

For an interest that is in the growth phase in the Woodside Superannuation Fund mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item

Interest in the growth phase

Method or factor

An interest that a person has if:

(a) the person is entitled to benefits under Part II of the Rules; or

(b) the person is a Part VI Member of the Woodside Superannuation Fund.

The method set out in clause 3 of Schedule 2 to the Regulations, with the following modifications:

fy is the lump sum valuation factor mentioned in Table 1 of this Part that applies at the relevant date to the person’s age in completed years.

fy+1 is the lump sum valuation factor mentioned in Table 1 of this Part that would apply to the person if the person’s age were one year more than the person’s age in completed years at the relevant date.

Table 1 Lump sum valuation factors

Item	Age	Valuation factor	Item	Age	Valuation factor
1	21	0.80	24	44	0.80
2	22	0.80	25	45	0.80
3	23	0.80	26	46	0.81
4	24	0.80	27	47	0.81
5	25	0.80	28	48	0.82
6	26	0.80	29	49	0.83
7	27	0.80	30	50	0.84
8	28	0.80	31	51	0.84
9	29	0.80	32	52	0.85
10	30	0.80	33	53	0.86
11	31	0.80	34	54	0.88
12	32	0.80	35	55	0.89
13	33	0.80	36	56	0.89
14	34	0.80	37	57	0.90
15	35	0.80	38	58	0.90
16	36	0.80	39	59	0.91
17	37	0.80	40	60	0.92
18	38	0.80	41	61	0.93
19	39	0.80	42	62	0.94
20	40	0.80	43	63	0.96
21	41	0.80	44	64	0.98
22	42	0.80	45	65	1.00
23	43	0.80

Part 116 Woolworths Group Superannuation Scheme

1 Interpretation

(1) In this Part:

member has the meaning given by rule 1.1 of the Rules.

Rules means the Rules in the Schedule to the Trust Deed.

Scheme membership has the meaning given by rule 1.1 of the Rules.

service has the meaning given by rule 1.1 of the Rules.

Trust Deed means the Trust Deed dated 12 March 1970 establishing the Woolworths Group Superannuation Scheme, as amended and in force on the commencement of this Part.

(2) For the purpose of applying the formula in item 1 of the table in clause 2 of this Part in relation to an interest, the vesting factor (Fy,s) is:

(a) if:

(i) the relevant date is 183 days after the person’s most recent birthday; and

(ii) the date ‘29 February’ occurs within the period of 12 months beginning on that birthday;

the factor that applies to the person, having regard to the person’s age in completed years at his or her most recent birthday; and

(b) if:

(i) the relevant date is 183 days after the day the person commenced service or 183 days after the most recent anniversary of the day the person commenced service (as the case requires); and

(ii) the date ‘29 February’ occurs within the period of 12 months beginning on that commencement day or the most recent anniversary;

the factor that applies to the person having regard to the person’s Scheme membership at the day the person commenced service, or the date of the most recent anniversary of the day the person commenced service (as the case requires).

2 Methods and factors for interests of Members in the Woolworths Group Superannuation Scheme

For an interest that:

(a) is in the growth phase in the Woolworths Group Superannuation Scheme; and

(b) is mentioned in an item in the following table;

the method or factor mentioned in the item is approved for section 4 of this instrument.

Item	Interest in the growth phase	Method or factor
1	An interest that a person has as a member of the Woolworths Group Superannuation Scheme	V + (A – V) × Fy,s where: V is the value of the benefit, including any additional benefit payable under paragraph 8.1 (b) of the Rules, that would have been payable in respect of the person if the person had ceased to be in service for the purposes of rules 8.1 to 8.4 of the Rules on the relevant date.
		A is the value of the benefit, including any additional benefit payable under paragraph 8.1 (b) of the Rules, that would have been payable in respect of the person if, on the relevant date: (a) the person had ceased to be in service for the purposes of rules 8.1 to 8.4 of the Rules; and (b) the person was aged 65 years; and
		(c) the person’s Scheme membership was equal to the difference between: (i) 65 years; and (ii) the person’s age on the person’s first birthday after he or she commenced service.
		Fy,s is the vesting factor mentioned in Table 1 of this Part that applies to the person, having regard to: (a) the person’s age in completed years at his or her birthday closest to the relevant date; and (b) the person’s Scheme membership at: (i) for a person who commenced service less than 6 months before the relevant date — the day the person commenced service; and
		(ii) for any other person — the date of the anniversary of his or her commencement of service closest to the relevant date. Note See subclause 1 (2) of this Part in relation to the effect of a leap year.

Table 1 Vesting factors

Scheme Membership in Completed Years
Age	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19+
15	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
16	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
17	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
18	0.04	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
19	0.05	0.06	0.06	0.07	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
20	0.06	0.06	0.07	0.08	0.08	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09
21	0.06	0.07	0.08	0.08	0.09	0.10	0.10	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
22	0.07	0.08	0.08	0.09	0.10	0.11	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12
23	0.08	0.09	0.10	0.11	0.12	0.13	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
24	0.09	0.10	0.11	0.13	0.14	0.15	0.15	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16
25	0.11	0.12	0.13	0.14	0.15	0.16	0.17	0.17	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18
26	0.12	0.13	0.14	0.16	0.17	0.18	0.19	0.19	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20
27	0.14	0.15	0.16	0.18	0.19	0.20	0.21	0.21	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22
28	0.16	0.18	0.19	0.20	0.22	0.23	0.23	0.24	0.24	0.24	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25
29	0.19	0.20	0.21	0.23	0.24	0.25	0.26	0.26	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27
30	0.22	0.23	0.24	0.26	0.27	0.28	0.29	0.29	0.29	0.29	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30
31	0.24	0.25	0.27	0.28	0.29	0.30	0.31	0.31	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32
32	0.26	0.28	0.29	0.30	0.31	0.32	0.33	0.33	0.34	0.34	0.34	0.34	0.34	0.34	0.34	0.34	0.34	0.34	0.34	0.34
33	0.28	0.29	0.31	0.32	0.33	0.34	0.35	0.35	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36
34	0.30	0.31	0.33	0.34	0.35	0.36	0.37	0.37	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38	0.38
35	0.32	0.33	0.34	0.36	0.37	0.38	0.39	0.39	0.39	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40
36	0.33	0.35	0.36	0.38	0.39	0.40	0.41	0.41	0.41	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42	0.42
37	0.35	0.37	0.38	0.40	0.41	0.42	0.43	0.43	0.43	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44
38	0.37	0.39	0.40	0.42	0.43	0.44	0.45	0.45	0.45	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46
39	0.39	0.41	0.42	0.44	0.45	0.46	0.47	0.47	0.47	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48
40	0.41	0.43	0.44	0.46	0.47	0.48	0.49	0.49	0.49	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50
41	0.39	0.45	0.46	0.48	0.49	0.50	0.51	0.51	0.51	0.52	0.52	0.52	0.52	0.52	0.52	0.52	0.52	0.52	0.52	0.52
42	0.38	0.43	0.48	0.50	0.51	0.52	0.53	0.53	0.53	0.54	0.54	0.54	0.54	0.54	0.54	0.54	0.54	0.54	0.54	0.54
43	0.36	0.41	0.46	0.52	0.53	0.54	0.55	0.55	0.56	0.56	0.56	0.56	0.56	0.56	0.56	0.56	0.56	0.56	0.56	0.56
44	0.33	0.38	0.44	0.49	0.55	0.56	0.57	0.57	0.58	0.58	0.58	0.58	0.58	0.58	0.58	0.58	0.58	0.58	0.58	0.58
45	0.29	0.35	0.41	0.47	0.52	0.58	0.59	0.59	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60
46	0.23	0.31	0.37	0.43	0.49	0.55	0.61	0.61	0.61	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62
47	0.21	0.25	0.32	0.39	0.45	0.51	0.57	0.63	0.63	0.63	0.64	0.64	0.64	0.64	0.64	0.64	0.64	0.64	0.64	0.64
48	0.19	0.22	0.26	0.34	0.41	0.47	0.53	0.59	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.65
49	0.16	0.20	0.23	0.27	0.36	0.43	0.49	0.55	0.60	0.67	0.67	0.67	0.67	0.67	0.67	0.67	0.67	0.67	0.67	0.67
50	0.11	0.17	0.21	0.24	0.28	0.37	0.44	0.50	0.56	0.62	0.69	0.69	0.69	0.69	0.69	0.69	0.69	0.69	0.69	0.69
51	0.00	0.11	0.17	0.21	0.25	0.29	0.38	0.45	0.52	0.58	0.63	0.70	0.70	0.70	0.70	0.70	0.70	0.70	0.70	0.70
52	0.00	0.00	0.11	0.18	0.22	0.26	0.30	0.39	0.46	0.53	0.59	0.65	0.71	0.71	0.71	0.71	0.71	0.71	0.71	0.71
53	0.00	0.00	0.00	0.12	0.18	0.23	0.27	0.30	0.40	0.47	0.54	0.60	0.66	0.73	0.73	0.73	0.73	0.73	0.73	0.73
54	0.00	0.00	0.00	0.00	0.12	0.19	0.23	0.27	0.31	0.40	0.48	0.55	0.61	0.67	0.74	0.74	0.74	0.74	0.74	0.74
55	0.00	0.00	0.00	0.00	0.00	0.12	0.19	0.24	0.28	0.32	0.41	0.49	0.56	0.62	0.68	0.70	0.70	0.70	0.70	0.70
56	0.00	0.00	0.00	0.00	0.00	0.00	0.16	0.24	0.30	0.35	0.40	0.52	0.61	0.70	0.78	0.83	0.85	0.85	0.85	0.85
57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.17	0.26	0.32	0.37	0.42	0.55	0.65	0.75	0.80	0.86	0.88	0.88	0.88
58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.18	0.27	0.34	0.39	0.45	0.59	0.69	0.75	0.81	0.88	0.91	0.91
59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.29	0.36	0.42	0.48	0.62	0.68	0.74	0.81	0.91	1.00
60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.20	0.31	0.38	0.45	0.51	0.59	0.65	0.70	0.76	1.00
61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.25	0.39	0.49	0.57	0.57	0.68	0.75	0.81	1.00
62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.31	0.47	0.59	0.59	0.59	0.73	0.82	1.00
63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.37	0.57	0.57	0.57	0.57	0.77	1.00
64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.47	0.47	0.47	0.47	0.48	1.00
65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00

Notes to the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003

Note 1

The Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003 (in force under regulations 38 and 43A of the Family Law (Superannuation) Regulations 2001) as shown in this compilation is amended as indicated in the Tables below.

Under the Legislative Instruments Act 2003, which came into force on 1 January 2005, it is a requirement for all non-exempt legislative instruments to be registered on the Federal Register of Legislative Instruments.

Table of Instruments

Title	Date of notification in Gazette or FRLI registration	Date of commencement	Application, saving or transitional provisions
Methods and Factors for Valuing Particular Superannuation Interests Approval 2003	24 Jan 2003 (see Gazette 2003, No. S18)	24 Jan 2003
Methods and Factors for Valuing Particular Superannuation Interests Approval Amendment 2003 (No. 1)	1 Oct 2003 (see Gazette 2003, No. S367)	1 Oct 2003	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2003 (No. 1)	25 Nov 2003 (see Gazette 2003, No. S433)	25 Nov 2003	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2004 (No. 1)	19 Jan 2004 (see Gazette 2004, No. S12)	19 Jan 2004	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2004 (No. 2)	8 Mar 2004 (see Gazette 2004, No. S68)	8 Mar 2004	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2004 (No. 3)	13 May 2004 (see Gazette 2004, No. S149)	18 May 2004 (see s. 2)	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval Amendment 2004 (No. 4)	14 May 2004 (see Gazette 2004, No. S159)	18 May 2004 (see s. 2)	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2004 (No. 5)	31 Aug 2004 (see Gazette 2004, No. S359)	31 Aug 2004	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 1)	3 Mar 2005 (see F2005L00413)	4 Mar 2005	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 2)	29 Mar 2005 (see F2005L00695)	30 Mar 2005	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 3)	9 May 2005 (see F2005L01023)	15 May 2005	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 4)	25 May 2005 (see F2005L01178)	26 May 2005	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 5)	12 Sept 2005 (see F2005L02589)	13 Sept 2005	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 6)	21 Sept 2005 (see F2005L02709)	22 Sept 2005	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2006 (No. 1)	23 Mar 2006 (see F2006L00897)	24 Mar 2006	—
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2006 (No. 2)	19 Apr 2006 (see F2006L01167)	20 Apr 2006	—

Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
S. 1.................	rs. 2003 No. 1
S. 3.................	am. 2006 No. 2
S. 4.................	rs. 2003 No. 1
S. 5.................	rep. 2003 No. 1
Schedule 1
Heading to Schedule 1....	rs. 2003 No. 1; 2004 No. 2
Note to Schedule 1 Heading	ad. 2003 No. 1 rep. 2004 No. 2
Schedule 1............	rs. 2004 No. 2
Part 1
Division 1.1
Heading to Div. 1.1 of Part 1	ad. 2003 No. 1 rs. 2004 No. 2
C. 1.................	rs. 2004 No. 2
	am. 2004 No. 3
Division 1.2
Heading to Div. 1.2 of Part 1	ad. 2003 No. 1 rs. 2004 No. 2
C. 2.................	am. 2003 No. 1
	rs. 2004 No. 2
	am. 2004 No. 3
Division 1.3
Div. 1.3 of Part 1........	ad. 2003 No. 1
	rs. 2004 No. 2
	am. 2004 No. 3
C. 3.................	ad. 2003 No. 1
	rep. 2004 No. 2
Part 2
Division 2.1
C. 1.................	rs. 2004 No. 2
Division 2.2
C. 2.................	am. 2003 No. 1
	rs. 2004 No. 2
	am. 2004 No. 3; 2005 No. 4
Division 2.3
C. 3.................	ad. 2004 No. 2
	am. 2004 No. 3
Division 2.4
Div. 2.4 of Part 2........	ad. 2004 No. 2
	am. 2004 No. 3; 2005 No. 4
Part 3
Heading to Part 3.......	rs. 2003 No. 1
	rep. 2004 No. 2
	ad. 2004 No. 3
Part 3................	rep. 2004 No. 2
	ad. 2004 No. 3
Division 3.1
C. 1.................	rep. 2004 No. 2
	ad. 2004 No. 3
C. 2.................	am. 2003 No. 1
	rep. 2004 No. 2
	ad. 2004 No. 3
	am. 2005 No. 4
Division 3.2
C. 3.................	ad. 2004 No. 3
Division 3.3
C. 4.................	ad. 2004 No. 3
	am. 2005 No. 4
Division 3.4
Div. 3.4 of Part 3........	ad. 2004 No. 3
	am. 2005 No. 4
Part 4
Part 4................	rep. 2004 No. 2
	ad. 2004 No. 3
Division 4.1
C. 1.................	am. 2003 No. 1
	rep. 2004 No. 2
	ad. 2004 No. 3
	am. 2005 No. 4
Division 4.2
C. 2.................	ad. 2004 No. 3
	am. 2005 No. 4
Division 4.3
C. 3.................	ad. 2004 No. 3
	am. 2005 No. 4
Division 4.4
Div. 4.4 of Part 4........	ad. 2004 No. 3
	am. 2005 No. 4
Part 5
Heading to Part 5.......	rs. 2003 No. 1
	rep. 2004 No. 2
	ad. 2004 No. 4
Part 5................	rep. 2004 No. 2
	ad. 2004 No. 4
Division 5.1
Heading to Div. 5.1 of Part 5	ad. 2003 No. 1 rep. 2004 No. 2 ad. 2004 No. 4
C. 1.................	rep. 2004 No. 2
	ad. 2004 No. 4
Division 5.2
Heading to Div. 5.2 of Part 5	ad. 2003 No. 1 rep. 2004 No. 2 ad. 2004 No. 4
C. 2.................	am. 2003 No. 1
	rep. 2004 No. 2
	ad. 2004 No. 4
Division 5.3
Div. 5.3 of Part 5........	ad. 2003 No. 1
	rep. 2004 No. 2
	ad. 2004 No. 4
C. 3.................	ad. 2003 No. 1
	rep. 2004 No. 2
	ad. 2004 No. 4
Division 5.4
Div. 5.4 of Part 5........	ad. 2004 No. 4
Schedule 2
Schedule 2 (became Schedule 4)...	2003 No. 1
Heading to Schedule 2....	ad. 2003 No. 1
	rs. 2005 No. 5
Note to Schedule 2 Heading	ad. 2003 No. 1 rep. 2005 No. 5
Part 1
Part 1................	ad. 2005 No. 5
C. 1.................	ad. 2005 No. 5
C. 2.................	ad. 2005 No. 5
Part 5
Part 5................	ad. 2006 No. 2
Division 5.1
C. 1.................	ad. 2006 No. 2
Division 5.2
C. 2.................	ad. 2006 No. 2
C. 3.................	ad. 2006 No. 2
C. 4.................	ad. 2006 No. 2
C. 5.................	ad. 2006 No. 2
Division 5.3
C. 6.................	ad. 2006 No. 2
Division 5.4
Div. 5.4 of Part 5........	ad. 2006 No. 2
Part 6
Part 6................	ad. 2006 No. 2
Division 6.1
C. 1.................	ad. 2006 No. 2
Division 6.2
C. 2.................	ad. 2006 No. 2
C. 3.................	ad. 2006 No. 2
C. 4.................	ad. 2006 No. 2
Division 6.3
C. 5.................	ad. 2006 No. 2
Division 6.4
Div. 6.4 of Part 6........	ad. 2006 No. 2
Part 7
Part 7................	ad. 2006 No. 2
Division 7.1
C. 1.................	ad. 2006 No. 2
Division 7.2
Subdivision 7.2.1
C. 2.................	ad. 2006 No. 2
C. 3.................	ad. 2006 No. 2
C. 4.................	ad. 2006 No. 2
Subdivision 7.2.2
C. 5.................	ad. 2006 No. 2
Subdivision 7.2.3
C. 6.................	ad. 2006 No. 2
C. 7.................	ad. 2006 No. 2
C. 8.................	ad. 2006 No. 2
Division 7.3
C. 9.................	ad. 2006 No. 2
Division 7.4
Div. 7.4 of Part 7........	ad. 2006 No. 2
Part 9
Part 9................	ad. 2006 No. 2
C. 1.................	ad. 2006 No. 2
C. 2.................	ad. 2006 No. 2
Schedule 3
Heading to Schedule 3....	ad. 2003 No. 1
Part 6
Part 6 of Schedule 3.....	ad. 2004 No. 5
Division 6.1
C. 1.................	ad. 2004 No. 5
Division 6.2
C. 2.................	ad. 2004 No. 5
Division 6.3
C. 3.................	ad. 2004 No. 5
Division 6.4
Div. 6.4 of Part 6........	ad. 2004 No. 5
Schedule 4
Schedule 4 (formerly Schedule 2)	rs. 2003 No. 1
Part 1
C. 1.................	ad. 2003 No. 1
C. 2.................	ad. 2003 No. 1
	am. 2004 No. 2
Part 2
Part 2................	ad. 2005 No. 3
C. 1.................	ad. 2005 No. 3
C. 2.................	ad. 2005 No. 3
Part 3
Part 3................	ad. 2006 No. 1
C. 1.................	ad. 2006 No. 1
C. 2.................	ad. 2006 No. 1
Schedule 5
Heading to Schedule 5....	ad. 2003 No. 1
	rs. 2004 No. 2
Note to Schedule 5 Heading	ad. 2003 No. 1 rep. 2004 No. 2
Schedule 5............	ad. 2004 No. 2
Part 1
C. 1.................	ad. 2004 No. 2
C. 2.................	ad. 2004 No. 2
Schedule 6
Schedule 6............	ad. 2003 No. 1
Part 1
Division 1.1
C. 1.................	ad. 2003 No. 1
Division 1.2
C. 2.................	ad. 2003 No. 1
Division 1.3
C. 3.................	ad. 2003 No. 1
Division 1.4
Div. 1.4 of Part 1........	ad. 2003 No. 1
Part 2
Part 2................	ad. 2003 No. 1 (second occurring)
C. 1.................	ad. 2003 No. 1 (second occurring)
C. 2.................	ad. 2003 No. 1 (second occurring)
Part 3
Part 3................	ad. 2004 No. 1
Division 3.1
C. 1.................	ad. 2004 No. 1
Division 3.2
C. 2.................	ad. 2004 No. 1
Division 3.3
C. 3.................	ad. 2004 No. 1
Division 3.4
Div. 3.4 of Part 3........	ad. 2004 No. 1
Part 4
Part 4................	ad. 2004 No. 2
C. 1.................	ad. 2004 No. 2
C. 2.................	ad. 2004 No. 2
Part 5
Part 5................	ad. 2005 No. 2
Division 5.1
C. 1.................	ad. 2005 No. 2
Division 5.2
C. 2.................	ad. 2005 No. 2
Division 5.3
C. 3.................	ad. 2005 No. 2
Division 5.4
Div. 5.4 of Part 5........	ad. 2005 No. 2
Schedule 7
Heading to Schedule 7....	ad. 2003 No. 1
Note to Schedule 7 Heading	ad. 2003 No. 1
Schedule 8
Heading to Schedule 8....	ad. 2003 No. 1
Note to Schedule 8 Heading	ad. 2003 No. 1
Schedule 9
Heading to Schedule 9....	ad. 2003 No. 1
Note to Schedule 9 Heading	ad. 2003 No. 1
Schedule 10
Schedule 10...........	ad. 2003 No. 1
Part 22
Part 22...............	ad. 2005 No. 5
C. 1.................	ad. 2005 No. 5
C. 2.................	ad. 2005 No. 5
Part 30
Part 30...............	ad. 2003 No. 1
C. 1.................	ad. 2003 No. 1
C. 2.................	ad. 2003 No. 1
Part 35
Part 35...............	ad. 2004 No. 2
C. 1.................	ad. 2004 No. 2
C. 2.................	ad. 2004 No. 2
Part 40
Part 40...............	ad. 2005 No. 1
C. 1.................	ad. 2005 No. 1
C. 2.................	ad. 2005 No. 1
Part 90
Part 90...............	ad. 2003 No. 1
C. 1.................	ad. 2003 No. 1
C. 2.................	ad. 2003 No. 1
Part 105
Part 105..............	ad. 2003 No. 1
Division 105.1
C. 1.................	ad. 2003 No. 1
Division 105.2
C. 2.................	ad. 2003 No. 1
Division 105.3
C. 3.................	ad. 2003 No. 1
Division 105.4
Div. 105.4 of Part 105....	ad. 2003 No. 1
Part 110
Part 110..............	ad. 2004 No. 1
C. 1.................	ad. 2004 No. 1
C. 2.................	ad. 2004 No. 1
Part 115
Part 115..............	ad. 2004 No. 1
C. 1.................	ad. 2004 No. 1
C. 2.................	ad. 2004 No. 1
Part 116
Part 116..............	ad. 2005 No. 6
C. 1.................	ad. 2005 No. 6
C. 2.................	ad. 2005 No. 6