Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p4
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 4/4)
Character Range: 1502636–1503994

as a member of the police force.
Division 6.3 Interests in the payment phase

5 Method for interests in Police Association Superannuation Scheme
  For an interest that is held by a person in the Police Association Superannuation Scheme as a result of being paid an annual superannuation allowance under the PAES Act, the method set out in the following table is approved for section 5 of this instrument.

Method
where:
SA is the amount of annual superannuation allowance payable to the person in respect of the interest at the relevant date.
SAFy+m is the amount calculated in accordance with the formula:
where:
SAFy is the valuation factor mentioned in whichever of Table 3 or 4 of Division 6.4 is applicable, given:
 (a) the person's gender; and
 (b) the person's age in completed years at the relevant date (y); and
 (c) the type of superannuation allowance.
m is the number of complete months of the person's age that are not included in the person's age in completed years at the relevant date.
SAFy+1 is the valuation factor mentioned in whichever of Table 3 or 4 of Division 6.4 is applicable if the person's age in completed years at the relevant date were 1 year more than it is.

Division 6.4 Factors
Table 1 Police Association Superannuation Scheme — male employees
Age at relevant date                                               Age at Entry