Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p75
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 75/83)
Character Range: 594101–596881

factor mentioned in Table 1 of Division 7 that would apply if the person's age in completed years at the operative time were 1 year more than it is.
        Note   The associate standard pension does not include a reversionary component.
Step 3  Divide the amount worked out in step 1 by the pension factor worked out in step 2.
        The result is the annual rate of the associate standard pension.

         (b) however, if it is not possible to calculate the annual rate of associate standard pension using paragraph (a), the annual rate of associate standard pension payable to a non‑member spouse is to be calculated by an actuary appointed by CSC for this rule.
                 Note:

                 If the member's pension includes a funded component, the associate standard pension should include a funded component in the same proportion.
16.2.5 If the annual rate of associate standard pension to which the non‑member spouse becomes entitled is less than $1300, the non‑member spouse may elect to commute the pension.
16.2.6 The amount of $1300 is to be indexed in the same way, and at the same time, as a standard pension is indexed under Division 6 of Part 9 of these Rules.
16.2.7 The election under Rule 16.2.5 must be made in writing to CSC not later than three months after the non‑member spouse becomes entitled to the pension, or within such further period as CSC allows.
16.2.8 If the non‑member spouse makes the election under Rule 16.2.5, then the non‑member spouse is entitled instead to a lump sum equal to the separation amount.

Associate preserved benefit if operative time in growth phase
16.2.9 If, at the operative time, standard pension is not payable in respect of the original interest, then the non‑member spouse is entitled to associate preserved benefit in accordance with Division 3 of this Part.

Associate benefit if operative time in both payment and growth phase
16.2.10 If at the operative time, the member spouse is in receipt of a standard pension and also has a preserved accumulated transfer amount, then the non‑member spouse is entitled to associate standard pension in accordance with Division 2 of this Part and associate preserved benefit in accordance with Division 3 of this Part.
16.2.11 The associate standard pension and associate preserved benefit to which the non‑member spouse is entitled is to be determined by CSC by apportioning the separation amount to the member spouse's standard pension and preserved accumulated transfer amount in accordance with factors and a method determined by an actuary.

Division 3

Associate preserved benefit
16.3.1 Associate preserved benefit consists of:
         (a) a lump sum equal to the funded component of the separation amount, together with interest (if any) in respect of