Document ID: chunk:federal_register_of_legislation:F2024C00260:reg:4
Version: federal_register_of_legislation:F2024C00260
Segment Type: reg
Provision Reference: reg 4
Character Range: 225325–226547

4     An interest that a person has in the PSS Scheme if the person is entitled to an associate preserved benefit under Division 3 of Part 16 of the Rules.  where:
                                                                                                                                                             FLS is the amount calculated under paragraph 16.3.1 (a) of the Rules that would be payable as a lump sum at the relevant date.
                                                                                                                                                             UFLS is the amount calculated under paragraph 16.3.1 (b) of the Rules that would be payable as a lump sum at the relevant date.

Division 2.3 Interests in the payment phase

3 Methods and factors for interests of members in the PSS Scheme
  For an interest that is in the payment phase in the PSS Scheme mentioned in the 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