Document ID: chunk:federal_register_of_legislation:C2004A01463:body:0:p32
Version: federal_register_of_legislation:C2004A01463
Segment Type: other
Provision Reference: 
Character Range: 73459–76078

"Division 2—The Superannuation Fund

Definition.
"107b. In this Division, unless the contrary intention appears, 'prescribed employee' means a State employee who has made an election, and a payment to the Board, in accordance with sub-section (2) of section 107c of this Act.

Contributions for pension by state employees.
"107c. (1) This Division does not apply to a State employee whose contributions to the State Fund were of a similar nature to contributions under this Act to the Provident Account.

"(2) A State employee may elect, within 3 months after the relevant date or within such further period as the Board allows, to contribute to the Fund in accordance with this section and may pay to the Board an amount equal to the prescribed amount within that period or within such further period as the Board allows, but any election made after the payday last preceding 1 July 1976 shall be deemed to have been made on that pay-day.

"(3) Notwithstanding section 5, a prescribed employee shall be liable to make, and, from and including the relevant date, shall be deemed to have been liable to make, contributions to the Fund for so many units of pension (including, where necessary, a fraction of a unit) as the Board determines to be the number of units that will entitle him to benefits equivalent to those to which he would have been entitled if he had continued to contribute to the State Fund at the rate at which he was contributing to the State Fund immediately before the relevant date, and his contributions for those units of pension shall be at that rate.

"(4) Where a prescribed employee had, in accordance with the law of the State concerned, deferred making certain contributions to the State Fund—

    (a) the number of units of pension to be determined by the Board under sub-section (3) of this section in relation to him shall include so many units of pension (including, where necessary, a fraction of a unit) as the Board determines to be the number of units that will entitle him to benefits equivalent to those to which he would have become entitled, under the law of the State as in force immediately before the relevant date, if he had continued to contribute to the State Fund and had paid those deferred contributions, together with any interest payable in respect of those deferred contributions, in accordance with that law as so in force; and

    (b) pension is not payable in respect of the units of pension determined in accordance with paragraph (a) of this sub-section unless and until there has been paid to the Fund, or, on or after 1 July 1976, to the new Superannuation