Your statement shows three types of Benefit Points and their totals:
Contributed Benefit Points
Your Contributed Benefit Points is the cumulative total of all the benefit points you’ve contributed for while you’ve been a member of the Scheme (i.e. between 1 and 9 Benefit Points per year).
Maximum Benefit Points
Although you’re able to accumulate up to 9 Contributed Benefit Points per year, the rules of the Scheme restrict the number of benefit points we can use to calculate your Employer Financed Benefit to a maximum of 6 for every year you’ve been a contributor.
The Maximum Benefit Points total is simply a way of keeping track of this rule.
For full-time employees, the total Maximum Benefit Points will increase by 6 points each year.
Accrued Benefit Points
Your Accrued Benefit Points is the total we use to calculate your Employer Financed Benefit entitlement.
Your Accrued Benefit Points will always be the lesser of your Contributed Benefit Points and your Maximum Benefit Points.