Document ID: chunk:federal_register_of_legislation:F2022C00514:schedule:8:p2
Version: federal_register_of_legislation:F2022C00514
Segment Type: schedule
Provision Reference: sch 8 (pt 2/3)
Character Range: 256479–259115

mentioned in paragraph (1)(d), (e), (f) or (g), means:
 (a) the first 20 years of aggregated service of the person exclusive of the first 7 years of that service; or
 (b) if the person completed 7 but did not complete 20 years of aggregated service—the period of aggregated service of the person exclusive of the first 7 years of that service.
second period of eligible service, in relation to a person, means:
 (a) the first 20 years of eligible service of the person exclusive of the first 7 years of that service; or
 (b) if the person completed 7 but did not complete 20 years of eligible service—the period of eligible service of the person exclusive of the first 7 years of that service.
third period of aggregated service, in relation to a person mentioned in paragraph (1)(d), (e), (f) or (g), means the period of aggregated service of the person exclusive of the first 20 years of that service.
third period of eligible service, in relation to a person, means the period of eligible service of the person exclusive of the first 20 years of that service.

Part 5—Calculation of employer benefit of particular MBL members
 11. The employer benefit, in relation to:
 (a) an MBL member who is not an invalidity retiree; or
 (b) an MBL member who:
 (i) is an invalidity retiree; and
 (ii) is classified, or is taken to be classified, as Class C under rule 22;
is worked out in accordance with whichever formula in this Part is applicable to the member.
 12. In the case of an MBL member who elected under subrule 5 (2) to cease paying contributions, the formula is:

where:
LSMBMR means the person's lump sum maximum benefit multiple, worked out in accordance with item 2 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
LSMBMC means the person's lump sum maximum benefit multiple, worked out in accordance with item 2 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.
 13. In the case of an MBL member who:
 (a) ceased paying contributions because of the operation of subrule 5(1); or
 (b) being a transferred member, did not pay contributions because of the operation of that subrule;
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;