Document ID: chunk:federal_register_of_legislation:F2023C01022:clause:2_35
Version: federal_register_of_legislation:F2023C01022
Segment Type: clause
Provision Reference: sch 2 cl 35
Character Range: 380658–382095

35  Discount valuation factors
 (1) For subclause 34(3), this clause sets out the discount valuation factors.
 (2) Column 2 of the following table sets out the applicable factor for the annual amount of a pension that, at the relevant date, is not indexed in respect of the minimum deferral period.
 (3) Column 3 of the following table sets out the applicable factor for the annual amount of a pension that, at the relevant date, is indexed in respect of the minimum deferral period in accordance with the consumer price index.
 (4) Column 4 of the following table sets out the applicable factor for the annual amount of a pension that, at the relevant date, is indexed in respect of the minimum deferral period in accordance with a general wage index (for example, average weekly earnings, or average weekly ordinary time earnings, published by the Australian Bureau of Statistics) or in accordance with any change in the salary payable for the employment in which the member was engaged immediately before he or she ceased employment.
 (5) If the annual amount of the pension at the relevant date is indexed in respect of the minimum deferral period in accordance with a fund crediting rate, the factor is 1.

Minimum deferral period for pension (in complete years)  Discount valuation factors
Pension not indexed                                      Pension indexed in line with CPI  Pension indexed in line with wage index or salary