Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:5_16
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 5 cl 16
Character Range: 597130–597928

16  Present value of the pension payable after the end of the guarantee period
  For the purposes of paragraph 14(b), the amount is:
where:
Dy+m means the discount valuation factor calculated in accordance with clause 17.
Sx+t, y+m means the survival valuation factor calculated in accordance with clause 18.
B means the amount of the annual pension benefit payable in respect of the superannuation interest at the relevant date.
P2z+v means the pension valuation factor calculated in accordance with clause 19.
r means the proportion of the pension that is payable to any surviving spouse of the member spouse on the death of the member spouse, as provided by the trustee under section 90XZB or 90YZR of the Act.
Rz+v means the reversion valuation factor calculated in accordance with clause 20.