Document ID: chunk:federal_register_of_legislation:F2025L00281:reg:2
Version: federal_register_of_legislation:F2025L00281
Segment Type: reg
Provision Reference: reg 2
Character Range: 670449–672827

2     An interest that a person has in the MSBS as a result of being paid an associate pension or a spouse's pension.                       where:
                                                                                                                                            P is the annual rate of the person's pension excluding, if the person's pension is a spouse pension, any part of the pension that takes account of the existence of an eligible child or children.
                                                                                                                                            PFy+m is the factor calculated by:

                                                                                                                                            where:
                                                                                                                                            PFy is the spouse pension single life valuation factor mentioned in Table 4A (males) or Table 4B (females) that applies to the person having regard to the person's age in completed years at the relevant date and the person's gender.
                                                                                                                                            m is the number of complete months of the person's age that are not included in the completed years of age at the relevant date.
                                                                                                                                            PFy+1 is the spouse pension single life valuation factor mentioned in Table 4A (males) or Table 4B (females) that would apply to the person if the person's age in completed years at the relevant date were one year more than it is.

Division 4.4 Factors

Table 1 Valuation factors — preserved benefits

            FDB valuation factors           UDB valuation factors
            Officers                        Persons other than officers          Officers     Persons other than officers
Age         Males                  Females                               Males   Females      Males                        Females     Males   Females
20 or less  1.3968                 1.4212                                1.2268  1.2407       0.3658                       0.3722      0.3213  0.3249