Document ID: chunk:federal_register_of_legislation:C2022C00264:clause:11_136:p3
Version: federal_register_of_legislation:C2022C00264
Segment Type: clause
Provision Reference: sch 11 cl 136 (pt 3/12)
Character Range: 537132–539781

employer contributions (if any);
 (h) if a deferred benefit of a lump sum benefit is payable to the person in accordance with section 69, 72 or 73, then, subject to paragraph (i), the lump sum benefit is an amount equal to the sum of:
 (i) 3½ times the person's accumulated basic contributions; and
 (ii) the person's accumulated employer contributions (if any); and
 (iii) the person's accumulated supplementary contributions (if any);
 (i) if:
 (i) a deferred benefit by way of a lump sum benefit is payable to the person in accordance with section 69, 72 or 73; and
 (ii) the person's surcharge debt account is in debit when the benefit becomes payable to the person;
  the lump sum benefit is an amount equal to the difference between:
 (iii) the amount that would be payable to the person under paragraph (h) if this paragraph did not apply to the person; and
 (iv) the person's surcharge deduction amount.
where:
F1 is such factor as, having regard to:
 (a) the age of the person on the day on which the deferred benefits become payable; and
 (b) whether or not the person has elected under section 137A that deferred benefits be paid to him or her at a reduced rate;
is applicable in accordance with Table 1 in Schedule 11; and
F2 is such factor as, having regard to the age of the person on the day on which the deferred benefits become payable, is applicable in accordance with Table 2 in Schedule 11; and
ABC is the amount of the person's accumulated basic contributions; and
AC is the amount of the person's accumulated contributions; and
AEC is the amount of the person's accumulated employer contributions.
BR (basic rate) means the annual rate of pension that would be payable to the person under subparagraph (2)(b)(iii) or (iv) if the person did not make an election under subsection (3A).
CF1 means the conversion factor that is applicable to the person under the determination made by CSC under subsection 154AB(1).
CF2 means the conversion factor that is applicable to the person under the determination made by CSC under subsection 154AB(2).
SDA means the person's surcharge deduction amount.
 (2A) Where a deferred benefit by way of age retirement benefit, early retirement benefit or invalidity benefit is payable to a person who is a former eligible employee with benefits from previous employment, the amount of any pension or lump sum benefit constituting that benefit is determined by CSC having regard to:
 (a) the amount of any pension or lump sum benefit that would be payable to the person under subsection (2) if the person was not a former eligible employee with benefits from previous employment; and
 (b) the amount