Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:6_2
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 6 cl 2
Character Range: 610772–611662

2  Method
 (1) The method is:
where:
B is the amount of the annual benefit payable in respect of the superannuation interest at the termination time.
Vy is the pension valuation factor under Part 2 of Schedule 5 that applies to the particular lifetime annuity and the member spouse's age in completed years at the termination time.
m is the number of completed months of the member spouse's age that are not included in the completed years at the termination time.
Vy+1 is the pension valuation factor under Part 2 of Schedule 5 that applies to the particular lifetime annuity and the member spouse's age at the completion of the next year after the year mentioned in the definition of the factor Vy.
 (2) For the purpose of applying the factors Vy and Vy+1 in the formula in subclause (1), a reference in Part 2 of Schedule 5 to "pension" is taken to be read as a reference to "annuity".