Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:95:p4
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 95 (pt 4/4)
Character Range: 642539–644203

pensioner is to be worked out using the following formula:

where:

P is:

         (a) for an invalidity pensioner — the annual pension amount payable to the person disregarding any reduction or suspension under Division 11 of Part 10 of these Rules; and
         (b) in any other case — the annual pension amount payable to the person, other than any part of that pension that is additional pension paid in respect of 1 or more eligible children or partially dependent children.

Fy+m is the factor calculated in accordance with the following formula:

    where:

    Fy is the valuation factor mentioned in Table 6 that applies given the following:

         (a) the person's age in completed years at the operative time;
         (b) the member's gender;
         (c) the type of pension.

    m is the number of complete months of the person's age, at the operative time, that are not included in the person's completed years of age.

    Fy+1 is the valuation factor mentioned in Table 6 that would apply if the person's age in completed years at the operative time were 1 year more than it is.

Tables of valuation factors
16.8.6 For the purposes of this Division, the tables of valuation factors are as follows:
Table 1A Accrued benefit multiple valuation factors (ABF) (Rule 16.2.2) — males with first day of membership of the PSS on or before 30 June 1999

Complete years between first day of membership and operative time
Age                                                                0         1         2         3         4         5         6         7         8         9         10        11        12        13        14        15        16