Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_9:p1
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 9 (pt 1/6)
Character Range: 2339544–2342161

9     Scheme constituted by section 18 of the Public Prosecutions Act 1994 (Vic)  Chief Crown Prosecutor

3 Approved method
  For clause 2, the method is:

where:
VN is the lump sum value of the person's accrued pension entitlement at the person's retirement age calculated in accordance with the formula:

          where:
          B has the meaning given by clause 4.
          Pra is the pension valuation factor mentioned in Table 1 of Division 7.3 that applies, given:
          (a) the person's gender; and
          (b) the person's retirement age.
          Rsa is the reversion valuation factor mentioned in Table 2 of Division 7.3 that applies, given:
          (a) the person's gender; and
          (b) the person's age in completed years at the relevant date.
Fy+m has the meaning given by clause 5.

4 Definition of B
 (1) In clause 3:
B is calculated in accordance with the formula:

where:
ABM is the person's accrued benefit multiple at the relevant date, being the lesser of the following amounts:
 (a)
 (b)
          where:
          FLMR is the reduction factor under clause 7.
          S is the person's period of service in the person's eligible office in years, including any fraction of a year, at the relevant date.
          QS is the person's qualifying service under clause 8.
Sal. is:
 (a) for a person whose eligible office is Governor — the annual salary payable to the Chief Justice of the Supreme Court under subsection 82 (1) of the Constitution Act at the relevant date; and
 (b) for a person whose eligible office is Judge of the Supreme Court:
 (i) if the person is the Chief Justice of the Supreme Court — the annual salary payable to the person under subsection 82 (1) of the Constitution Act at the relevant date; or
 (ii) if the person is the President of the Court of Appeal — the annual salary payable to the person under subsection 82 (1A) of that Act at the relevant date; or
 (iii) if the person is a Judge of Appeal — the annual salary payable to the person under subsection 82 (1B) of that Act at the relevant date; or
 (iv) in any other case — the annual salary payable to a Judge of the Supreme Court under subsection 82 (2) of that Act at the relevant date; and
 (c) for a person whose eligible office is Chief Judge of the County Court — the annual salary payable to the person under subsection 10 (1) of the County Court Act at the relevant date; and
 (d) for a person whose eligible office is judge of the County Court, Chief Magistrate, or Chief Crown Prosecutor — the annual salary payable to a judge of the County Court under subsection 10 (2) of the County