Document ID: chunk:federal_register_of_legislation:F2004C00098:reg:184:p12
Version: federal_register_of_legislation:F2004C00098
Segment Type: reg
Provision Reference: reg 184 (pt 12/18)
Character Range: 77504–80438

the person would be entitled in accordance with subsection 56 (4) if the person were not a prescribed person to whom this section applies; and
                      (b) the amount in dollars ascertained in accordance with the formula:
                      '(2) For the purpose of the application in relation to a prescribed person to whom this section applies of the formula in subsection (1):
                     A is the number of units of pension for which the person was, immediately before the person's previous entitlement day, contributing under the superseded Act at rates based on a retiring age of 60 years.
                     B is the number of complete years in the person's period of previous service.
                     C is:
                      (a) except where paragraph (b) applies — the number of complete years in the aggregate of:
                      (i) the person's period of previous service; and
                      (ii) the period that commenced on the commencing day and ended on the day on which the person attained the age of 59½ years; or
                      (b) where, before the commencing day:
                      (i) the person attained the age of 59½ years; or
                      (ii) the person completed payment of contributions for the units of pension for which the person was contributing at rates based on a retiring age of 60 years;
                              the number of complete years in the person's period of previous service.
                     D is such percentage as, having regard to the person's age on his or her last day of service and to the number of complete years in the person's period of contributory service, is applicable to the person in accordance with Schedule 9.
                     E is:
                      (a) except where paragraph (b) applies — the number of dollars in the prescribed amount in relation to the person; or
                      (b) if:
                      (i) the person became an employee for the purposes of the superseded Act on or after 14 December 1959;
                      (ii) the number of complete years, where the person ceased to be an eligible employee on attaining the age of 60 years, in his or her period of contributory service and any period during that period when the person was on leave of absence of a kind specified in section 228A is less than 20 years or, where the person ceased to be an eligible employee after attaining that age, the number of complete years in what would have been his or her period of contributory service if the person had ceased to be an eligible employee on attaining that age and any period during that period when the person was on leave of absence of a kind specified in section 228A is less than 20 years; and
                      (iii) the amount that is the prescribed amount in relation to the person is not less than $2,600;
                              the