Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_2
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 2516975–2519811

2     An interest that a person has, as an old scheme contributor, or the surviving spouse of an old scheme contributor, in the SA Police Superannuation Scheme, if:                                                                                                                P × Fy+m
       (a) the person is entitled to a pension under subsection 28 (1), 29 (1), 31 (2) or subparagraph 32 (1) (a) (i) of the Police Superannuation Act or a pension mentioned in paragraph 34 (4) (a), (b) or (c) of that Act; and                                                  where:
       (b) the pension commenced to be paid on or after 1 June 1990.                                                                                                                                                                                                                P has the meaning given by item 1.
                                                                                                                                                                                                                                                                                    Fy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                                                                                                                                                    where:
                                                                                                                                                                                                                                                                                    Fy is the factor mentioned in Table 6 of this Part that applies at the relevant date to the person's age in completed years for the person's gender and type of pension.
                                                                                                                                                                                                                                                                                    m has the meaning given by item 1.
                                                                                                                                                                                                                                                                                    Fy+1 is the factor mentioned in Table 6 of this Part that would apply to the person if the person's age were one year more than the person's age in completed years at the relevant date.

Division 3.4 Factors

       Table 1 Valuation factors — old scheme contributors

Age  F factor  G factor