Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_1
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 2452403–2454570

1     An interest that a person has, as an old scheme contributor in the SAS Fund, who is entitled to a pension under subsection 34 (1), 34 (2), 34 (3), 35 (1) or 37 (1), or paragraph 39 (5) (a), 39 (5) (b), or subsection 39A (3g) of the 1988 Act.   P × Fy+m
                                                                                                                                                                                                                                                          where:
                                                                                                                                                                                                                                                          P is the annual pension of the person at the relevant date.
                                                                                                                                                                                                                                                          Fy+m is the factor calculated by:
                                                                                                                                                                                                                                                          where:
                                                                                                                                                                                                                                                          Fy is the valuation factor mentioned in an item in Table 5 in this Part that applies to the person's age in completed years for the person's gender and type of pension at the relevant date.
                                                                                                                                                                                                                                                          m is the number of complete months between the person's last birthday before the relevant date and that date.