Document ID: chunk:federal_register_of_legislation:F2023C01077:reg:1:p3
Version: federal_register_of_legislation:F2023C01077
Segment Type: reg
Provision Reference: reg 1 (pt 3/4)
Character Range: 39995–46594

of the House of Representatives or the Senate or was such a member at the operative time;
                                                                                                                                                                                                                  (e) whether or not, if he or she became entitled to a retiring allowance within the meaning of the Act, he or she would be a deferring member;
                                                                                                                                                                                                                  (f) the number of completed years, at the operative time, since the last election of the House of Representatives;
                                                                                                                                                                                                                  (g) in the case of a member of the Senate, whether he or she last became a member of the Senate (whether by election or otherwise) before the last House of Representatives election.

                                                                                                                                                                                                                 m is the number of complete months of the person's age at the operative time that are not included in the person's completed years of age.
                                                                                                                                                                                                                 PFy+1,s is the pension valuation factor mentioned in whichever of Tables 1 to 36 is applicable that would apply if the person's age in completed years at the operative time were 1 year more than it is.
                                                                                                                                                                                                                 LS is the sum of the person's member contributions paid to the operative time, plus:
                                                                                                                                                                                                                  (a) for a person whose period of service is at least 8 years — 2⅓ times the person's member contributions paid in the period of service of 8 years immediately before the operative time; or
                                                                                                                                                                                                                  (b) for a person whose period of service is less than 8 years — 2⅓ times the person's member contributions paid in the period of service immediately before the operative time.

                                                                                                                                                                                                                 LSFy+m,s is the factor calculated in accordance with the following formula:
                                                                                                                                                                                                                 where:

                                                                                                                                                                                                                 LSFy,s is the lump sum valuation factor mentioned for:
                                                                                                                                                                                                                  (a) the person's age in completed years (y) at the operative time; and
                                                                                                                                                                                                                  (b) the person's period of service in completed years (s) as at the date of the last House of Representatives election before the operative time;
                                                                                                                                                                                                                 in whichever of Tables 37 to 54 is applicable, according to Table B, given the following:
                                                                                                                                                                                                                  (c) the person's gender;
                                                                                                                                                                                                                  (d) whether he or she is a member of the House of Representatives or the Senate;
                                                                                                                                                                                                                  (e) the number of completed years, at the operative time, since the last election of the House of Representatives;
                                                                                                                                                                                                                  (f) in the case of a member of the Senate, whether he or she last became a member of the Senate (whether by election or otherwise) before the last House of Representatives election.

                                                                                                                                                                                                                 m has the meaning given above.
                                                                                                                                                                                                                 LSFy+1,s is the lump sum valuation factor mentioned in whichever of Tables 37 to 54 is applicable that would apply if the person's age in completed years at the operative time were 1 year more than it is.