Document ID: chunk:federal_register_of_legislation:F2022C00514:schedule:8:p3
Version: federal_register_of_legislation:F2022C00514
Segment Type: schedule
Provision Reference: sch 8 (pt 3/3)
Character Range: 258867–261302

the formula is:

where:
PMBMR means the person's pension maximum benefit multiple, worked out in accordance with item 4 of Schedule 3, on retirement; and
TB means the sum of the person's employer benefit and member benefit on ceasing contributions; and
FASC means the person's final average salary on ceasing contributions; and
PMBMC means the person's pension maximum benefit multiple, worked out in accordance with item 4 of Schedule 3, on ceasing contributions; and
FASR means the person's final average salary on retirement; and
MB means the amount of the person's member benefit on ceasing contributions.
 13A. If an MBL member's benefits have been subject to a family law superannuation payment split under Part 13, the employer benefit will be reduced, at the time of the payment split, in accordance with that Part.
Note: The maximum benefit limit in relation to the member is calculated as if there were no benefit reduction under Part 13.

Part 6—Interpretation
 14. A reference in this Schedule to an invalidity retiree does not include a reference to a person who, by reason of rule 32, 33 or 34, is not entitled to invalidity benefits.
 15. A reference in this Schedule to the aggregated service of a transferred (refunded contributions) person, a 1973 Scheme (refunded contributions) re‑entrant, a 1991 Scheme re‑entrant or a foreign service member, is a reference to the sum of:
 (a) the eligible service of that person; and
 (b) either:
 (i) in the case of a transferred (refunded contributions) person—any other period that, before the person began to render the period of continuous full‑time service which he or she was rendering when he or she transferred to the 1991 Scheme, was a period of effective service in relation to the person for the purposes of the 1973 Act; or
 (ii) in the case of a 1973 Scheme (refunded contributions) re‑entrant—any period that, before the person became a member, was a period of effective service in relation to the person for the purposes of the 1973 Act; or
 (iii) in the case of a 1991 Scheme re‑entrant—any period that, before the person last became a member, had been a period of eligible service in relation to the person; or
 (iv) in the case of a foreign service member—so much of the person's full‑time service with the forces of a country other than Australia as CSC has directed under the definition of foreign service member is service for the purposes of this Schedule.