Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_4:p1
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 1/2)
Character Range: 2361937–2370597

4     An interest that a person who is a member of the Assembly has in the Scheme by belonging to the parliament 70 category under Chapter 9 of the participation schedule if the person:                                                                                                                              where:
       (a) has received salary as a member for at least 96 months; and                                                                                                                                                                                                                                                 BS is the basic salary of a member at the relevant date.
       (b) has continuously been a member since the person was first elected                                                                                                                                                                                                                                           ABM (accrued benefit multiple) for a person is:
                                                                                                                                                                                                                                                                                                                          where:
                                                                                                                                                                                                                                                                                                                          M is:
                                                                                                                                                                                                                                                                                                                             (a) if the person has received salary as a member for at least 96 complete months but less than 97 complete months at the relevant date — zero; or
                                                                                                                                                                                                                                                                                                                             (b) in any other case — the lesser of:
                                                                                                                                                                                                                                                                                                                                 (i) the number of complete months for which the person has received salary as a member, at the relevant date, that occurred after the person has received salary as a member for 96 complete months; and
                                                                                                                                                                                                                                                                                                                                 (ii) 144.
                                                                                                                                                                                                                                                                                                                          TOS is the total amount of salary that the person has received as a member up to the relevant date.
                                                                                                                                                                                                                                                                                                                          TBS is the total amount of basic salary that the person has received as a member up to the relevant date.
                                                                                                                                                                                                                                                                                                                       ABMR is:
                                                                                                                                                                                                                                                                                                                        (a) if 1 or more amounts have been paid under section 364 of the participation schedule for the entitlement of an entitled former spouse of the person — the ratio between:
                                                                                                                                                                                                                                                                                                                        (i) the amount of pension that would have been payable at the relevant date to the person, taking into account the reduction that would have been made under section 366 of the participation schedule for the amount or amounts paid under section 364 of the participation schedule, if the person had ceased to be a member and had become eligible to be paid a pension at that date; and
                                                                                                                                                                                                                                                                                                                        (ii) the amount of pension that would have been payable at the relevant date to the person if the person had ceased to be a member and had become eligible to be paid a pension at that date and no reduction was made to the pension; or
                                                                                                                                                                                                                                                                                                                        (b) in any other case — 1.
                                                                                                                                                                                                                                                                                                                       Fy+m is:

                                                                                                                                                                                                                                                                                                                          where:
                                                                                                                                                                                                                                                                                                                          Fy is the valuation factor mentioned in Table 2 that applies at the person's age in completed years for the person's gender and period in completed years for which the person has received salary as a member.
                                                                                                                                                                                                                                                                                                                          m is the number of complete months of the person's age that are not included in the person's completed /ears of age.
                                                                                                                                                                                                                                                                                                                          Fy +1 is the valuation factor mentioned in Table 2 that would apply for the person's gender and the period of time in completed years for which the person has received salary