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: 2486546–2493505

2     An interest that a person has as an old scheme contributor in the SA Police Superannuation Scheme, if the person has:                                                                                                                     where:
       (a) resigned with a contribution period of 120 months or more; and                                                                                                                                                                       AS is the person's annual salary at the date of resignation, adjusted in accordance with movements in the Consumer Price Index after that date.
       (b) preserved the person's accrued superannuation benefits under paragraph 34 (1) (b) of the Police Superannuation Act.                                                                                                                  A is the lesser of:
                                                                                                                                                                                                                                                 (a) 1; and
                                                                                                                                                                                                                                                 (b) the quotient of the person's accrued contribution points at the relevant date and D, where D is:
                                                                                                                                                                                                                                                 (i) 300; or
                                                                                                                                                                                                                                                 (ii) for a person who was accepted as a contributor under the Pensions Act before reaching the age of 30 years — the number of complete months occurring after the person's date of acceptance as a contributor and before the date when the person turns 55.
                                                                                                                                                                                                                                                Fy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                                                                                                                where:
                                                                                                                                                                                                                                                Fy is the F factor mentioned in Table 2 of this Part that applies at the relevant date to the person's age in completed years.
                                                                                                                                                                                                                                                m has the meaning given by item 1.
                                                                                                                                                                                                                                                Fy+1 is the F factor mentioned in Table 2 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.
                                                                                                                                                                                                                                                Ann is:
                                                                                                                                                                                                                                                 (a) if the person is male — 15.6; and
                                                                                                                                                                                                                                                 (b) if the person is female — 16.4.
                                                                                                                                                                                                                                                M87 has the meaning given by item 1.
                                                                                                                                                                                                                                                Pn is the person's part time proportion determined in accordance with the definition of Pn in subsection 34 (8a) of the Police Superannuation Act.
                                                                                                                                                                                                                                                Gy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                                                                                                                where:
                                                                                                                                                                                                                                                Gy is the G factor mentioned in Table 2 of this Part that applies at the relevant date to the person's age in completed years.
                                                                                                                                                                                                                                                m has the meaning given by item 1.
                                                                                                                                                                                                                                                Gy+1 is the G factor mentioned in Table 2 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.