Document ID: chunk:federal_register_of_legislation:F2005C00642:reg:111:p15
Version: federal_register_of_legislation:F2005C00642
Segment Type: reg
Provision Reference: reg 111 (pt 15/16)
Character Range: 72110–74631

of an election made under subsection 10W (2) of the State Act as amended and in force on or after 13 January 1977;
         reduced by an amount in dollars (if any) ascertained in accordance with the formula:

          '(2) For the purposes 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 dollars included in the annual rate of pension to which the person would have been entitled under the State scheme if:
          (a) the State Act (other than Division 6 of Part IV) as amended and in force immediately before the transfer day had continued to apply in relation 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 in the same circumstances as those in which he or she ceased to be a prescribed eligible employee;
          (d) the person had not abandoned any units, other than units that he or she had abandoned by virtue of an election under subsection 10W (2) of the State Act as amended and in force on or after 13 January 1977;
          (e) 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
          (f) the salary applicable to the person for the purpose 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