Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p4
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 4/26)
Character Range: 1631658–1633976

(a) if the person is male — the factors set out, for the person's age in that year, in columns 2 to 7 of Table 2 in Division 8.4;
 (b) if the person is female and elected to contribute at the rate prescribed by the NSW Superannuation Act for retirement at 55 years  — the factors set out, for the person's age in that year, in columns 2, 4, 5, 6, 7 and 9 of Table 3 in Division 8.4;
 (c) if the person is female and elected to contribute at the rate prescribed by the NSW Superannuation Act for retirement at 60 years — the factors set out, for the person's age in that year, in columns 3, 4, 5, 6, 8 and 10 of Table 3 in Division 8.4.
Step 2
For each year in the calculation period, calculate the probability that the person will remain an employee at the end of each year (survival factor), being 1 less the sum of the factors set out in whichever of paragraphs (a), (b) and (c) in step 1 is applicable to the person for each year.
Step 3
Multiply the survival factor worked out in step 2 for the first year in the calculation period by the survival factor for each remaining year in that period.
Step 4
st is the result of the calculation worked out in step 3.

4 Meaning of pt,r
  For step 1 of the method set out in clause 2:
pt,r is the probability, set out in whichever of Tables 2 and 3 of Division 8.4 is applicable, that the benefit would be payable to the person in the calculation year for any of the reasons mentioned in subclause 8 (2), given:
 (a) the person's gender; and
 (b) the person's age in completed years on 31 December in the calculation year; and
 (c) if the person is female, the person's contribution rate for retirement at 55 or 60 years (as the case may be).

5 Meaning of aft,r
 (1) For step 1 of the method set out in clause 2:
aft,r is:
 (a) if the benefit is payable to, or in respect of, a person under section 29, 30 or 32A of the NSW Superannuation Act — the lesser of:
 (i) 1; and
 (ii) the factor calculated in accordance with the formula:
  where:
  LPS0 is the length of the person's service expressed in years and any fraction of a year, at the relevant date.
  LPSmd is the length of the person's service if he or she remained an employee until maturity age, expressed in years and any fraction of a year; or
 (b) in any other case — the factor calculated in accordance with