Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p52
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 52/106)
Character Range: 252978–255833

in that rule were reduced by the number of contribution due days occurring before 1 January 2008 while the member was a maximum benefits member.

Additional Cover Multiple
5.2.10 An Additional Cover Multiple applies to a regular member if:
         (a) he/she was, immediately before ceasing membership, paying premiums for additional death and invalidity cover under Division 3 of Part 10 of the Rules; and
    (b) he/she ceased membership on invalidity retirement or death before age 60; and
         (c) an amount has been, or will be, paid to CSC by a life assurance company in response to a claim against a policy held by CSC on behalf of the member.
5.2.11 An Additional Cover Multiple is calculated by dividing the amount payable on behalf of a member by his/her final average salary.

Preserved Multiple
5.2.12 A Preserved Multiple applies to a regular member if CSC is aware a preserved benefit applied to him/her immediately before last becoming a regular member.
5.2.13 A Preserved Multiple is calculated by dividing the amount of a member's preserved benefit by his/her average salary on the date he/she last became a regular member.  CSC may:
         (a) use a later date, and if so must:
         (i) use the member's average salary at that later date; and
             (ii) adjust the amount of the preserved benefit to take account of any increases that would have accrued to that later date; or
         (b) increase the amount of the preserved benefit to take account of any phasing in of the employer benefit if the preserved benefit became applicable before 1 July 1992.

Restoration Multiple
5.2.14 A Restoration Multiple applies to a regular member if he/she:
         (a) was an invalidity pensioner immediately before last becoming a regular member; but
         (b) was not a maximum benefits member before last becoming an invalidity pensioner
5.2.15 A Restoration Multiple is the sum of:
         (a) the member's Benefit Accrual Multiple at the time he/she last became an invalidity pensioner; plus
         (b) the Invalidity Multiple that would have accrued under Rule 5.4.2 between the date the member last became an invalidity pensioner and the date he/she last became a regular member.

CSC will reduce the Restoration Multiple if the member was paid a lump sum of his/her accumulated member contributions at the time he/she last became an invalidity pensioner by the proportion calculated using the formula:

where:

                  PBAM is the previous Benefit Accrual Multiple of the member at the time he/she last became an invalidity pensioner; and
                  AMC is the amount of accumulated member contributions paid to member at the time he/she last became an invalidity pensioner; and

                  IBA is the lump sum value of the invalidity benefit accrual of the member at the time he/she last