Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p3
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 3/26)
Character Range: 1629429–1631845

the reference to '1 July in the financial year in which the relevant date occurs' in the heading of column 1 in Table 1 in Division 8.4 was a reference to '1 July after the relevant date'.
Step 4
Calculate the sum (V1) of all of the probability weighted employer funded accrued benefits worked out in step 3.
Step 5
Calculate the employer financed component of the benefit (EFB) that is payable to the person in accordance with the formula:
where:
V0 is the amount worked out in step 2.
V1 is the amount worked out in step 4.
m is the number of complete months in the period commencing on 1 July in the financial year in which the relevant date occurs and ending at the end of the relevant date.
Step 6
Calculate the gross value of the interest in accordance with the formula:
where:
EFB is the employer financed component of the benefit that is payable to the person, worked out in accordance with step 5.
TPCI is the total amount of the person's contributions and interest, at the relevant date, that would be debited from his or her contributor's account, under subsection 33B (4) of the NSW Superannuation Act, if a benefit under that Act were to become payable to that person at that date.
RUA is the person's reserve unit accumulation, being the amount that would be payable under subsection 15A (6AB) of the NSW Superannuation Act if the person ceased to be an employee at the relevant date.
R is the reduction factor under clause 7.

3 Meaning of st
  For step 1 of the method set out in clause 2:
st is:
 (a) for the financial year in which the relevant date occurs — 1; or
 (b) for each year in the period commencing on 1 July after the relevant date and ending at the end of 30 June immediately before the calculation year  — the probability that the person will be an employee in the calculation year, worked out in accordance with the method set out in the following table.

Step 1
Calculate, for each year in the period commencing on 1 July in the financial year in which the relevant date occurs and ending at the end of 30 June immediately before the calculation year (the calculation period), the total of the sum of the factors set out in whichever of paragraphs (a), (b) and (c) is applicable to the person:
 (a) if the person is male — the factors set out, for the person's age in that year, in columns 2 to 7 of Table 2 in Division 8.4;
 (b) if the person is female and elected to contribute at