Document ID: chunk:federal_register_of_legislation:F2025L00281:reg:1:p1
Version: federal_register_of_legislation:F2025L00281
Segment Type: reg
Provision Reference: reg 1 (pt 1/2)
Character Range: 436865–443630

1     An interest that a person has in the DFRDB scheme if deferred benefits are applicable in respect of the person under Division 3 of Part IX of the DFRDB Act.                      where:
                                                                                                                                                                                        DP is the annual pension that would be payable to the person at the first time he or she is eligible to receive deferred benefits by way of a pension, if CSC had determined under subsection 6C (1) of the DFRDB Act that the surcharge deduction amount was zero.
                                                                                                                                                                                        DPFy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                                                        where:
                                                                                                                                                                                        DPFy is the deferred single life pension valuation factor mentioned in Table 1 that applies to:
                                                                                                                                                                                         (a) the person's gender and age in completed years when the person first becomes eligible for deferred benefits by way of a pension; or
                                                                                                                                                                                         (b) if the person is already eligible for that pension at the relevant date — the person's gender and age in completed years at the relevant date.
                                                                                                                                                                                        m is:
                                                                                                                                                                                         (a) the number of complete months of the person's age that are not included in the completed years of age when the person first becomes eligible for deferred benefits by way of a pension; or
                                                                                                                                                                                         (b) if the person is already eligible for that pension at the relevant date — the number of complete months of the person's age that are not included in the completed years of age at the relevant date.
                                                                                                                                                                                        DPFy+1 is the deferred single life pension valuation factor mentioned in Table 1 that would apply if the person's age in completed years:
                                                                                                                                                                                         (a) when he or she first becomes eligible for deferred benefits by way of a pension; or
                                                                                                                                                                                         (b) if the person is already eligible for that pension — at the relevant date;
                                                                                                                                                                                        were 1 year more than it is.
                                                                                                                                                                                        MP is the probability of remarriage mentioned in Table 2 for the person's gender and age in complete years at the relevant date.
                                                                                                                                                                                        RPFy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                                                        where:
                                                                                                                                                                                        RPFy is the deferred reversion pension valuation factor mentioned in Table 1 that applies to:
                                                                                                                                                                                         (a) the person's gender and age in completed years when the person first becomes eligible for deferred benefits by way of a pension; or
                                                                                                                                                                                         (b) if the person is already eligible for that pension at the relevant date — the person's gender and age in completed years at the relevant date.
                                                                                                                                                                                        m has the meaning given above.
                                                                                                                                                                                        RPFy+1 is the deferred reversion pension valuation factor mentioned in Table 1 that would apply if the person's age in completed years:
                                                                                                                                                                                         (a) when he or she first becomes eligible for deferred benefits by way of a pension; or
                                                                                                                                                                                         (b) if the person is already eligible