Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_1:p3
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 3/5)
Character Range: 2187741–2191796

the person's State office at the relevant date;
                                                                                                                  (ii) if the person would have accrued additional retiring allowance for 1 Commonwealth office only and the Parliamentary Trustee has paid or transferred an amount in respect of the interest under section 21CC of the State Act — 75% of the annual additional salary payable in respect of the person's State office at the relevant date less the product of the sum of any additional percentage components arising from any previous payment splits (calculated in accordance with the State methodology) and that annual additional salary at the relevant date;
                                                                                                                  (iii) if the person would have accrued additional retiring allowance for 2 or more Commonwealth offices and the Parliamentary Trustee has not paid or transferred an amount in respect of the interest under section 21CC of the State Act — 75% of the highest annual additional salary payable in respect of the person's State offices at the relevant date;
                                                                                                                  (iv) if the person would have accrued additional retiring allowance for 2 or more Commonwealth offices and the Parliamentary Trustee has paid or transferred an amount in respect of the interest under section 21CC of the State Act — 75% of the highest annual additional salary payable in respect of the person's State offices at the relevant date less the sum of the products of any additional percentage components arising from any previous payment splits (calculated in accordance with the State methodology) that would apply after a pension under the State Act becomes payable, and the annual additional salary payable in respect of the office to which the additional percentage component applies at the relevant date.
                                                                                                                 PFy+m,s is the pension valuation factor calculated in accordance with the following formula:
                                                                                                                 where:
                                                                                                                 PFy,s is the pension valuation factor mentioned for:
                                                                                                                  (a) the person's age in completed years (y) at the relevant date; and
                                                                                                                  (b) the person's period of service in completed years (s) as at the date of the last Legislative Assembly election before the relevant date;
                                                                                                                 in whichever of Tables 1 to 8 is applicable, according to Table A, given the person's gender and the number of completed years, at the relevant date, since the last election of the Legislative Assembly.
                                                                                                                 m is the number of complete months of the person's age at the relevant date that are not included in the person's completed years of age.
                                                                                                                 PFy+1,s is the pension valuation factor mentioned in whichever of Tables 1 to 8 is applicable that would apply if the person's age in completed years at the relevant date were 1 year more than it is.
                                                                                                                 LS is the sum of the person's member contributions paid to the relevant date less the sum of any member contribution