Document ID: chunk:federal_register_of_legislation:C2022C00261:clause:1_6:p1
Version: federal_register_of_legislation:C2022C00261
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 1/2)
Character Range: 180161–182903

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Part 3—Calculation of Employer Benefit of 1973 Scheme Re‑Entrant, 1991 Scheme Re‑Entrant or Foreign Service Member, with not less than 7 years' aggregated service
4. The employer benefit, in relation to a 1973 Scheme re‑entrant, a 1991 Scheme re‑entrant or a foreign service member who:
     (a) has not less than 7 years' aggregated service; or
     (b) is a person who is retired on the ground of invalidity;
is calculated in accordance with the formula:

where:
"FAS" means the person's final average salary; and
"FPES" means so much of the person's eligible service (if any) as is included in the person's first period of aggregated service; and
"SPES" means so much of the person's eligible service (if any) as is included in the person's second period of aggregated service; and
"TPES" means so much of the person's eligible service (if any) as is included in the person's third period of aggregated service.
5. For the purposes of paragraph 4:
"first period of aggregated service", in relation to a person, means:
     (a) the first 7 years of aggregated service of the person; or
     (b) if the person did not complete 7 years of aggregated service—the period of aggregated service of the person;
"second period of aggregated service", in relation to a person, means:
     (a) the first 20 years of aggregated service of the person exclusive of the first 7 years of that service; or
     (b) if the person completed 7 but did not complete 20 years of aggregated service—the period of aggregated service of the person after completing 7 years of aggregated service;
"third period of aggregated service", in relation to a person, means the period of aggregated service of the person after completing 20 years of aggregated service.
Part 4—Calculation of Employer Benefit of 1973 Scheme Re‑Entrant or Foreign Service Member, with less than 7 years' aggregated service (other than Invalidity Retiree)
6. The employer benefit, in relation to a 1973 Scheme re‑entrant or foreign service member, who has less than 7 years' aggregated service, (other than a person who is retired on the ground of invalidity), is calculated in accordance with the formula:

where:
"FEB" means the sum of:
     (a) the amount of the person's funded employer benefit; and
     (b) the amount (if any) of the interim benefit that accrued, in respect of the person, in accordance with clause 7 of the Defence Force (Superannuation Interim Arrangement) Determination made under section 52 of the Defence Act 1903 while the person was an eligible member of the Defence Force within the meaning of the 1973 Act; and
     (c) interest in respect of the amount (if any) in paragraph (b) which would have accrued before the date of the person's