as amended
made under regulations 38 and 43A of the
Family Law (Superannuation) Regulations 2001
This compilation was prepared on 28 April 2006
taking into account amendments up to Family Law (Superannuation)
(Methods and Factors for Valuing Particular Superannuation Interests)
Amendment Approval 2006 (No. 3)
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 Benefits provided under Transport Superannuation Act 1989 (Vic)
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
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
(c) 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 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
(c) in any other case — 1.
(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
(c) is in the payment phase in the Police Superannuation Scheme;
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. |
Table 1 Police Superannuation Scheme — male members of the Police Force | ||||||||||||||||
Age at relevant date | Age at Entry | |||||||||||||||
19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | |
34 | 3.4 |
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35 | 3.6 | 3.5 |
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36 | 3.8 | 3.7 | 3.6 |
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37 | 4.1 | 4.0 | 3.8 | 3.7 |
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38 | 4.3 | 4.2 | 4.1 | 3.9 | 3.9 |
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39 | 4.7 | 4.5 | 4.4 | 4.2 | 4.1 | 4.0 |
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40 | 5.0 | 4.8 | 4.6 | 4.5 | 4.4 | 4.2 | 4.1 |
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41 | 5.2 | 5.1 | 5.0 | 4.8 | 4.7 | 4.5 | 4.4 | 4.3 |
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42 | 5.5 | 5.3 | 5.3 | 5.2 | 4.9 | 4.8 | 4.7 | 4.5 | 4.3 |
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43 | 5.7 | 5.6 | 5.5 | 5.4 | 5.3 | 5.1 | 5.0 | 4.8 | 4.6 | 4.4 |
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44 | 6.0 | 5.9 | 5.8 | 5.7 | 5.6 | 5.4 | 5.3 | 5.1 | 4.9 | 4.7 | 4.5 |
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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 |
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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 |
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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 |
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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 |
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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 | |||||||||||||||
19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | |
34 | 3.1 |
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35 | 3.3 | 3.2 |
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36 | 3.6 | 3.4 | 3.4 |
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37 | 3.8 | 3.7 | 3.6 | 3.5 |
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38 | 4.1 | 4.0 | 3.8 | 3.7 | 3.6 |
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39 | 4.4 | 4.2 | 4.1 | 4.0 | 3.8 | 3.7 |
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40 | 4.7 | 4.6 | 4.4 | 4.3 | 4.1 | 4.0 | 3.9 |
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41 | 4.9 | 4.8 | 4.7 | 4.6 | 4.4 | 4.3 | 4.1 | 4.0 |
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42 | 5.2 | 5.1 | 5.0 | 4.9 | 4.7 | 4.6 | 4.4 | 4.3 | 4.1 |
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43 | 5.5 | 5.4 | 5.3 | 5.2 | 5.1 | 4.9 | 4.8 | 4.6 | 4.4 | 4.2 |
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44 | 5.7 | 5.7 | 5.6 | 5.4 | 5.3 | 5.2 | 5.1 | 4.9 | 4.7 | 4.5 | 4.3 |
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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 |
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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 |
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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 |
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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 |
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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 | Age Retirement Superannuation Allowance (ss 7 and 7AA) | Invalid Superannuation Allowance | Reversionary Superannuation Allowance (ss 11, 11AA, 11A, 11B, 11C, 11D and 12) | |
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 | 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
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).
(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 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:
(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.
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.
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:
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;
(c) Fae,y+m has the meaning given by subclause 3 (2), unless required to be modified under the 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. |
Table 1 Police Association Superannuation Scheme — male employees | ||||||||||||||||
Age at relevant date | Age at Entry | |||||||||||||||
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 | |||||||||||||||
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 | 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 | 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
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).
(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 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
(c) an employee who is a former contributor to the Benefits 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
(c) the person’s age at the person’s entry date; 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:
(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 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
(c) in any other case — 1.
(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
(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.
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
(c) who is:
(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: 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. 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:
(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 sum of:
(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
(c) in any other case — nil.
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
(c) 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 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 (c) the type of pension. 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. |
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) | |||||
abpa 0.04 | 0.04< abpa <0.045 | 0.045abpa< 0.05 | 0.05abpa< 0.055 | 0.055abpa< 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) | |||||
abpa 0.04 | 0.04< abpa <0.045 | 0.045abpa< 0.05 | 0.05abpa< 0.055 | 0.055abpa< 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) | |||||
abpa 0.045 | 0.045<abpa< 0.05 | 0.05abpa< 0.055 | 0.055abpa< 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) | |||||
abpa 0.045 | 0.045<abpa< 0.05 | 0.05abpa< 0.055 | 0.055abpa< 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) | |||
abpa< 0.05 | 0.05abpa< 0.055 | 0.055abpa< 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) | |||
abpa< 0.05 | 0.05abpa< 0.055 | 0.055abpa< 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 | ||
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 | ||
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.
(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 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)
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 superannuation scheme established by the SS Act.
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).
Division 1.2 Interests in the growth phase
2 Methods and factors for interests of new scheme members in superannuation scheme established by SS Act
For an interest, or a component of an interest, of a new scheme member that is in the growth phase in the superannuation scheme established by the SS Act and that is 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 superannuation scheme established by the SS Act, 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 superannuation scheme established by the SS Act, 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 superannuation scheme established by the SS Act, 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. | 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. |
| 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 |
|
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; | 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. |
| has as a new scheme member in the superannuation scheme established by the SS Act, 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. | |
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 superannuation scheme established by the SS Act, 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 superannuation scheme established by the SS Act, 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 superannuation scheme established by the SS Act, 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
For an interest of a new scheme member that is in the payment phase in the superannuation scheme established by the SS Act and that is mentioned in an item in the following table, the method or factor mentioned in an item is approved for section 4 of this approval.
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 superannuation scheme established by the SS Act. | 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. |
1 Definitions
In this Part:
Emergency Services Superannuation Board means the Emergency Services Superannuation Board established under subsection 5 (1) of the Emergency Services Superannuation Act 1986 (Vic).
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 superannuation scheme established by the SS Act.
SS Act means the State Superannuation Act 1988 (Vic).
Transport Superannuation Fund means the Transport Superannuation Fund referred to in subsection 61 (5) of the SS Act.
TS Act means the Transport Superannuation Act 1989 (Vic).
2 Methods and factors for interests of revised scheme members in superannuation scheme established by SS Act
For an interest of a revised scheme member that is in the growth phase in the superannuation scheme established by the SS Act 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 superannuation scheme established by the SS Act, 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 | 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. |
| (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); or |
|
| (i) elected under subsection 69 (3) of the SS Act to cease to contribute in accordance with that 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 Emergency Services Superannuation Board 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 superannuation scheme established by the SS Act, 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. |
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| 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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. |
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| 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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. |
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| 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. |
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| 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)’. |
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| 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 superannuation scheme established by 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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. |
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| 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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. |
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| 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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. |
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| 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)’. |
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| 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 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 superannuation scheme established by the SS Act, 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. |
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| 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)’. |
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| 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 superannuation scheme established by the SS Act, 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)’. |
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| 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 superannuation scheme established by the SS Act, 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 | 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 |
| GIO Personal Superannuation Fund GIO Staff Superannuation Plan | 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 superannuation scheme established by the SS Act, 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 superannuation scheme established by the SS Act, 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:
Emergency Services Superannuation Board means the Emergency Services Superannuation Board established under subsection 5 (1) of the Emergency Services Superannuation Act 1986 (Vic).
SERB Act means the State Employees Retirement Benefits Act 1979 (Vic).
SS Act means the State Superannuation Act 1988 (Vic).
Transport Superannuation Fund means the Transport Superannuation Fund referred to in subsection 61 (5) of the SS Act.
2 Methods and factors for interests of members of superannuation scheme established by SERB Act
For an interest, or a component of an interest, of a member that is in the growth phase in the superannuation scheme established by the SERB Act and that is 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 member of the superannuation scheme established by the SERB Act, other than where he or she has: (a) retired (including on the grounds of disability); or (b) resigned; 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. |
| (c) been retrenched and elected to be entitled to deferred retirement benefits under section 38 of the SERB Act; or | 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 |
| (d) become an exempt officer within the meaning in subsection 2 (1) of the SERB Act; or | 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. |
(e) following a change in his or her employment, become entitled to a deferred retirement benefit under the Portability Act; or |
| |
| (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; or (h) elected under subsection 22A (3) of the SERB Act to cease to contribute in accordance with that Act. |
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| 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 Emergency Services Superannuation Board 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 member of the superannuation scheme established by the SERB 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. |
| 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 member of the superannuation scheme established by the SERB Act, 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 formula in subclause 3 (3) of Schedule 6 to |
| Schemes State Superannuation Fund Transport Superannuation Fund Hospitals Superannuation Fund Local Authorities 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. |
| Emergency Services Superannuation Fund State Casual Employees Superannuation Fund Melbourne and Metropolitan Board of Works Superannuation Fund | 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 member of the superannuation scheme established by the SERB Act, 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 member of the superannuation scheme established by the SERB Act, 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 member of the superannuation scheme established by the SERB Act, 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 member of the superannuation scheme established by the SERB Act, 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 member of the superannuation scheme established by the SERB Act, 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 member of the superannuation scheme established by the SERB Act, 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 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 member of the superannuation scheme established by the SERB Act, 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 member of the superannuation scheme established by the SERB Act, 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 member of the superannuation scheme established by the SERB Act, 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’. |
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| 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 member of the superannuation scheme established by the SERB Act, 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. |
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| 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. |
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| 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’. |
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| 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). |
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| 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. |
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| 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)’. |
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| RVF is the applicable reversion valuation factor set out in clause 7 of Schedule 2 to the Regulations. |
Part 5 Benefits provided under Transport Superannuation Act 1989 (Vic)
1 Definitions
In this Part:
Portability Act means the Superannuation (Portability) Act 1989 (Vic).
SS Act means the State Superannuation Act 1988 (Vic).
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 superannuation scheme established by TS Act
For an interest, or a component of an interest, of a member that is in the growth phase in the superannuation scheme established by the TS Act and that is 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 member of the superannuation scheme established by the TS Act, 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 member of the superannuation scheme established by the TS Act, 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 member of the superannuation scheme established by the TS Act, 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 superannuation scheme established by TS Act
For an interest of a member that is in the payment phase in the superannuation scheme established by the TS Act and that is 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 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 superannuation scheme established by the TS Act. | 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. |
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Part 6 State Parliamentary Contributory Superannuation Fund
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: |
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| (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 |
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| (b) the time he or she held any State office were time spent in an equivalent Commonwealth office; |
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| 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: |
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| (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 |
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| (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 |
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| (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; |
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| (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; |
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| (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; |
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| (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. |
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| PFy+m,s is the pension valuation factor calculated in accordance with the following formula: where: |
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| 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. |
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| 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. |
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| 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: |
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| (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: |
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| 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; |
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| 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. |
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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: |
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| 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. |
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 |
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| ||||||
0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11+ | |
30 | 9.9236 | 13.2510 | 13.2483 | 13.2455 | 17.6407 |
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31 | 9.8288 | 13.1385 | 13.1358 | 13.1328 | 17.5097 | 17.5068 |
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32 | 9.7282 | 13.0206 | 13.0178 | 13.0148 | 17.3733 | 17.3704 | 17.3671 |
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33 | 9.6364 | 12.9058 | 12.9029 | 12.8998 | 17.2363 | 17.2333 | 17.2301 | 17.2264 |
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34 | 9.5298 | 12.7803 | 12.7770 | 12.7737 | 17.0904 | 17.0874 | 17.0840 | 17.0803 | 18.1646 |
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35 | 9.4318 | 12.6576 | 12.6540 | 12.6503 | 16.9434 | 16.9403 | 16.9368 | 16.9330 | 18.0178 | 18.0137 |
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36 | 9.3307 | 12.5308 | 12.5266 | 12.5225 | 16.7912 | 16.7879 | 16.7843 | 16.7805 | 17.8658 | 17.8615 | 17.8568 |
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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 |
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|
|
| 11.3992 | 11.3992 | 11.3992 | 11.3992 | 11.3992 | 11.3992 | 11.3992 | 11.3802 |
65 |
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|
|
| 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 |
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|
|
| 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 |
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|
|
| 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 | ||||||||||
0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11+ | |
30 | 10.2391 | 13.6672 | 13.6646 | 13.6617 |
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31 | 10.1498 | 13.5583 | 13.5557 | 13.5527 | 18.0553 |
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32 | 10.0520 | 13.4425 | 13.4398 | 13.4367 | 17.9206 | 17.9177 |
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33 | 9.9483 | 13.3211 | 13.3183 | 13.3152 | 17.7804 | 17.7774 | 17.7741 |
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34 | 9.8531 | 13.2026 | 13.1996 | 13.1964 | 17.6394 | 17.6364 | 17.6330 | 17.6293 |
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35 | 9.7428 | 13.0731 | 13.0697 | 13.0663 | 17.4892 | 17.4861 | 17.4827 | 17.4789 | 18.5905 |
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36 | 9.6410 | 12.9462 | 12.9424 | 12.9387 | 17.3378 | 17.3346 | 17.3310 | 17.3272 | 18.4394 | 18.4351 |
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|
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 |
|
|
|
|
| |||||
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 |
|
|
|
|
| |||||
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 |
|
|
|
|
| |||||
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 |
|
|
|
|
| |||||
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 | ||||||||||
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 |
|
|
|
|
| |||||
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 |
|
|
|
|
| |||||
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 |
|
|
|
|
| |||||
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 |
|
|
|
|
| |||||
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 |
|
|
|
|
| |||||
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 |
|
|
|
| ||||||
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 |
|
|
|
|
| |||||
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 |
|
|
|
|
| |||||
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 |
|
|
|
|
| |||||
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
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. |
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 | 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
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. |
|
|
|
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
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 |
1 | 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. |
|
|
|
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 |
1 | 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
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 | 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 | 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 |
1 | 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 |
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 | Date of | Application, saving or |
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 | — |
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2006 (No. 3) | 27 Apr 2006 (see F2006L01269) | 28 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 | ad. 2003 No. 1 |
Schedule 1............ | rs. 2004 No. 2 |
Part 1 |
|
Division 1.1 |
|
Heading to Div. 1.1 of | ad. 2003 No. 1 |
C. 1................. | rs. 2004 No. 2 |
| am. 2004 No. 3 |
Division 1.2 |
|
Heading to Div. 1.2 of | ad. 2003 No. 1 |
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 | ad. 2003 No. 1 |
C. 1................. | rep. 2004 No. 2 |
| ad. 2004 No. 4 |
Division 5.2 |
|
Heading to Div. 5.2 of | ad. 2003 No. 1 |
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 |
2003 No. 1 |
Heading to Schedule 2.... | ad. 2003 No. 1 |
| rs. 2005 No. 5 |
Note to Schedule 2 | ad. 2003 No. 1 |
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 1 |
|
Division 1.1 |
|
C. 1................. | am. 2006 No. 3 |
Division 1.2 |
|
C. 2................. | am. 2006 No. 3 |
Division 1.3 |
|
C. 3................. | am. 2006 No. 3 |
Part 2 |
|
C. 1................. | am. 2006 No. 3 |
C. 2................. | am. 2006 No. 3 |
Part 3 |
|
C. 1................. | am. 2006 No. 3 |
C. 2................. | am. 2006 No. 3 |
Part 5 |
|
Heading to Part 5....... | rs. 2006 No. 3 |
Division 5.1 |
|
C. 1................. | am. 2006 No. 3 |
Division 5.2 |
|
C. 2................. | am. 2006 No. 3 |
Division 5.3 |
|
C. 3................. | am. 2006 No. 3 |
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 | 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 | ad. 2003 No. 1 |
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 | ad. 2003 No. 1 |
Schedule 8 |
|
Heading to Schedule 8.... | ad. 2003 No. 1 |
Note to Schedule 8 | ad. 2003 No. 1 |
Schedule 9 |
|
Heading to Schedule 9.... | ad. 2003 No. 1 |
Note to Schedule 9 | 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 |