Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_5
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 2500057–2506061

5     An interest that a person has as a new scheme contributor in the SA Police Superannuation Scheme, other than if the person has preserved the person's accrued superannuation benefits under section 22 of the Police Superannuation Act.  where:
                                                                                                                                                                                                                                                S has the meaning given by item 1.
                                                                                                                                                                                                                                                A is the lesser of:
                                                                                                                                                                                                                                                 (a) 1; and
                                                                                                                                                                                                                                                 (b) the quotient of the person's accrued contribution points at the relevant date and D, where D is:
                                                                                                                                                                                                                                                 (i) 420; or
                                                                                                                                                                                                                                                 (ii) for a person who was accepted as a contributor before turning 25 — the number of complete months occurring after the person's date of acceptance as a contributor and before the date when the person turns 60.
                                                                                                                                                                                                                                                Fy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                                                                                                                where:
                                                                                                                                                                                                                                                Fy is the F factor mentioned in Table 3 of this Part that applies at the relevant date to the person's age in completed years.
                                                                                                                                                                                                                                                m has the meaning given by item 1.
                                                                                                                                                                                                                                                Fy+1 is the F factor mentioned in Table 3 of this Part that would apply to the person if the person's age were one year more than the person's age in completed years at the relevant date.
                                                                                                                                                                                                                                                M87 has the meaning given by item 1.
                                                                                                                                                                                                                                                Pn is the person's part time proportion determined in accordance with the definition of Pn in subsection 21 (1) of the Police Superannuation Act.
                                                                                                                                                                                                                                                Gy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                                                                                                                where:
                                                                                                                                                                                                                                                Gy is the G factor mentioned in Table 3 of this Part that applies at the relevant date to the person's age in completed years.
                                                                                                                                                                                                                                                m has the meaning given by item 1.
                                                                                                                                                                                                                                                Gy+1 is the G factor mentioned in Table 3 of this Part that would apply to the person if the person's age were one year more than the person's age in completed years at the relevant date.