Document ID: chunk:federal_register_of_legislation:C2022C00261:schedule:1:p1
Version: federal_register_of_legislation:C2022C00261
Segment Type: schedule
Provision Reference: sch 1 (pt 1/2)
Character Range: 175935–178662

Schedule 1
(Definition of "employer benefit")
Part 1—Calculation of employer benefit of person with not less than 7 years' eligible service or Invalidity Retiree or 1973 Scheme Recipient Member (other than 1973 Scheme Re‑Entrant or 1991 Scheme Re‑Entrant or MBL Member or Foreign Service Member)

1. The employer benefit, in relation to a person (other than a 1973 Scheme re‑entrant, a 1991 Scheme re‑entrant, an MBL member or a foreign service member) who:
     (a) has not less than 7 years' eligible service; or
     (b) is a person who is retired on the ground of invalidity; or
     (c) is a 1973 Scheme recipient member;
is calculated in accordance with the formula:
where:
"FAS" means the person's final average salary; and
"FPES" means the person's first period of eligible service; and
"SPES" means the person's second period of eligible service; and
"TPES" means the person's third period of eligible service.

2. For the purposes of paragraph 1:
"first period of eligible service", in relation to a person, means:
     (a) the first 7 years of eligible service of the person; or
     (b) if the person did not complete 7 years of eligible service—the period of eligible service of the person;
"second period of eligible service", in relation to a person, means:
     (a) the first 20 years of eligible service of the person exclusive of the first 7 years of that service; or
     (b) if the person completed 7 years but did not complete 20 years of eligible service—the period of eligible service of the person after completing 7 years of eligible service;
"third period of eligible service", in relation to a person, means the period of eligible service of the person after completing 20 years of eligible service.
Part 2—Calculation of Employer Benefit of Person with less than 7 years' eligible service (other than Invalidity Retiree or 1973 Scheme Recipient Member or 1973 Scheme Re‑Entrant or 1991 Scheme Re‑Entrant or Foreign Service Member)
3. The employer benefit, in relation to a person who has less than 7 years' eligible service (other than a person who is retired on the ground of invalidity, is a 1973 Scheme recipient member, is a 1973 Scheme re‑entrant, is a 1991 Scheme re‑entrant or is a foreign service member), is calculated in accordance with the formula:

where:
"FEB" means the sum of:
     (a) the amount of the person's funded employer benefit; and
     (b) in the case of a transferred person—the amount (if any) of the interim benefit that accrued, in respect of the person, in accordance with clause 7 of the Defence Force (Superannuation Interim Arrangement) Determination made under section 52 of the Defence Act 1903 while the person was an eligible member of the Defence Force within