Document ID: chunk:federal_register_of_legislation:C2022C00264:clause:11_136:p2
Version: federal_register_of_legislation:C2022C00264
Segment Type: clause
Provision Reference: sch 11 cl 136 (pt 2/12)
Character Range: 534812–537351

an election under subsection (3A), the annual rate of that pension is an amount per annum equal to the amount worked out by using the formula:

 (c) if a deferred benefit by way of a lump sum benefit is payable to the person in accordance with section 65, the lump sum benefit is an amount equal to the sum of the person's accumulated contributions and the person's accumulated employer contributions (if any);
 (d) if a deferred benefit by way of invalidity pension is payable to the person in accordance with section 67 or 70, the annual rate of that pension is:
 (i) if subparagraph (ii) does not apply—an amount per annum equal to the amount worked out by using the formula:

 (ii) if the person's surcharge debt account is in debit when the benefit becomes payable to the person—an amount per annum equal to the amount worked out by using the formula:

 (e) if a deferred benefit by way of a lump sum benefit is payable to the person in accordance with section 67 or 70, the lump sum benefit is an amount equal to the sum of the person's accumulated employer contributions (if any) and the person's accumulated supplementary contributions;
 (ea) if:
 (i) a deferred benefit by way of invalidity pension is payable to the person under section 67 or 70 but a deferred benefit by way of a lump sum benefit is not so payable; and
 (ii) productivity benefit became payable in respect of the person when he or she ceased to be an eligible employee;
  the deferred benefit is to include a lump sum benefit equal to the person's accumulated employer contributions;
 (f) if a deferred benefit by way of invalidity pension is payable to the person in accordance with section 68 or 71, the annual rate of that pension is:
 (i) if subparagraph (ii) does not apply—an amount per annum equal to the amount worked out by using the formula:

 (ii) if the person's surcharge debt account is in debit when the benefit becomes payable to the person and the person does not make an election under subsection (3B)—an amount per annum equal to the amount worked out by using the formula:

 (g) if a deferred benefit by way of a lump sum benefit is payable to the person in accordance with section 68 or 71, the lump sum benefit is an amount equal to the sum of the person's accumulated contributions and the person's accumulated employer contributions (if any);
 (h) if a deferred benefit of a lump sum benefit is payable to the person in accordance with section 69, 72 or 73, then, subject to paragraph (i), the lump sum benefit is an amount equal