Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_0:p5
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 0 (pt 5/5)
Character Range: 1458156–1459940

formula set out in paragraph (a); and
 (ii) NEA (as defined in subclause 3 (1)).
 CSProp is the quotient of B and C (as defined in subclause 3 (1)).
Division 5.3 Interests in the payment phase

6 Method for interests in Police Superannuation Scheme
  For an interest that:
 (a) is held by a person:
 (i) who was a member of the police force; or
 (ii) who was, at the time of the death of a person who was or who had been a member of the police force, a spouse, or de facto partner within the meaning given by subsection 1 (2) of the PRS Act, of that deceased person; and
 (b) in respect of which a superannuation allowance is payable under the PRS Act; and
 (c) is in the payment phase in the Police Superannuation Scheme;
the method set out in the following table is approved for section 5 of this instrument.

Method
where:
SA is the amount of annual superannuation allowance payable to the person in respect of the interest at the relevant date.
SAFy+m is the amount calculated in accordance with the formula:
  where:
  SAFy is the valuation factor mentioned in whichever of Table 3 or 4 of Division 5.4 is applicable, given:
 (a) the person's gender; and
 (b) the person's age in completed years at the relevant date (y); and
 (c) the type of superannuation allowance.
  m is the number of complete months of the person's age that are not included in the person's age in completed years at the relevant date.
  SAFy+1 is the valuation factor mentioned in whichever of Table 3 or 4 of Division 5.4 is applicable if the person's age in completed years at the relevant date were 1 year more than it is.

Division 5.4 Factors
Table 1 Police Superannuation Scheme — male members of the Police Force
Age at relevant date                                                     Age at Entry