Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p2
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 2/83)
Character Range: 401600–405644

Reduced Pension under Rule 9.2.6.

Division 3

Percentage rate of pension according to relationship(s) and choice of Reduced Pension
9.3.1              The following table is used for the purposes of Rules 9.3.2, 9.3.5 and 9.3.9 to calculate the annual reversionary pension payable following the death of a member (see Rule 9.3.2), an invalidity pensioner or a pensioner (see Rule 9.3.5), or a preserved benefit member (see Rule 9.3.9) according to the number of persons in relationship(s) to the former member and whether the former member chose a Reduced Pension (see also Rule 9.3.8).  A person who became the spouse, eligible child or partially dependent child of a pensioner after the pensioner became a pensioner and after the pensioner had reached age 60, may have the amount of his/her reversionary pension reduced under Rule 9.3.11.

Table — Percentage Rate according to the Relationship(s) to the former member and whether the former member chose a Reduced Pension
                                                                                                                                     Number of persons in Relationship(s)  Relevant % — if the former member did not choose a Reduced Pension  Relevant % — if the former member   chose a Reduced Pension

Part A
‑ spouse or spouses with or without eligible children and/or partially dependent children
1 person (spouse)                                                                                                                    67                                    85
2 persons (eg spouse and child or 2 spouses)                                                                                         78                                    97
3 persons (eg spouse and 2 children)                                                                                                 89                                    108
4 persons (eg 2 spouses and 2 or more children)                                                                                      100                                   108
Part B                                                                                                                               1 child only                          45                                                                  51
‑ no spouse; an eligible child or children, a partially dependent child or children, or both
2 children only                                                                                                                      80                                    92
3 children only                                                                                                                      90                                    108
4 or more children only                                                                                                              100                                   108

Calculating pensions following the death of a member
9.3.2              The annual reversionary pension apportionable between a spouse or spouses and eligible children or partially dependent children following the death of a member is the amount calculated in accordance with the following formula:
where:

                  R is the relevant percentage rate determined from the Table — Percentage Rate according to the Relationship(s) to the former member and whether the former member chose a Reduced Pension in Rule 9.3.1; and

DBA is the death benefit accrual in respect of the deceased member; and

PCF is the pension conversion factor determined as:

                     if the former member died before age 60 — 11; or

                     if the former member died on or after age 60 — a factor, according to the former member's age in years and days on his/her date of death, determined from the Table — Pension Conversion Factors in Rule 9.2.2.

The amount of the reversionary pension so calculated will be reduced where necessary to take account of the limitation under Rule 9.3.8 of the amount