Document ID: chunk:federal_register_of_legislation:F2005C00642:reg:111:p9
Version: federal_register_of_legislation:F2005C00642
Segment Type: reg
Provision Reference: reg 111 (pt 9/16)
Character Range: 58057–60571

formula in subsection (2):
               A is the number of dollars included in the annual rate of pension to which the person would have been entitled under Division 2A of Part IV of the State Act as amended and in force immediately before the transfer day if:
          (a) the State Act (other than Division 6 of Part IV) as amended and in force on that day had continued to apply to the person;
          (b) the person had continued to be a member of the State scheme from and including the transfer day to and including his or her last day of service;
          (c) the person had ceased to be such a member upon attaining the age in years at which he or she ceased to be a prescribed eligible employee;

          (d) the number of reduced value units in respect of which pension would have been payable under that Division:
          (i) in the case of a person who has attained the age of 47 years on his or her last day of service — was the number by which the number of the person's abandoned units exceeds the number (disregarding any fraction) equal to one half of the number of his or her contributory units; or
          (ii) in the case of a person who has not attained the age of 47 years on his or her last day of service — if the person had attained the age of 47 years on his or her last day of service and the number of reduced value units applicable to the person had been equal to the number of his or her abandoned units; and
          (e) the salary applicable to the person for the purposes of the State Act, as amended and in force immediately before the transfer day, on the person's last day of service had been the salary applicable to the person on the day immediately preceding the transfer day; and
               B is:
          (a) where the period that is the prescribed period in relation to the person consists exactly of a number of complete years — the number of complete years included in that period; and
          (b) where that period consists of a number of complete years and a part of a year:
          (i) the number of complete years included in that period; and
          (ii) the number of days included in that part of a year divided by 365.
         '130D

           Where a prescribed person whose period of contributory service is less than 30 years would have been entitled on his or her last day of service to retire on pension under section 21 of the State Act, as amended and in force immediately before the transfer day, if:
          (a) the State Act