Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_98:p10
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 10/26)
Character Range: 1653457–1655898

55 years and was entitled to a benefit under section 27, 28, 28A or 28AA of the NSW Superannuation Act.
 (4) The person retired when the person was at least 60 years and was entitled to a benefit under section 27 of the NSW Superannuation Act.
 (5) The person retired when the person was at least 55 years but less than 60 years and was entitled to a benefit under section 28, 28A or 28AA of the NSW Superannuation Act.
 (6) The person retired on the grounds of invalidity, or physical or mental incapacity to carry out the person's duties as an employee and was entitled to a benefit under section 29 of the NSW Superannuation Act.
 (7) The person died leaving a spouse or de facto partner and was entitled to a benefit under section 30 of the NSW Superannuation Act.
 (8) The person died without leaving a spouse, de facto partner or child to whom a benefit was payable under the NSW Superannuation Act and section 32A of that Act applies to that person.
 (9) The person:
 (a) would have been entitled to a benefit under section 27, 28, 28A or 28AA of the NSW Superannuation Act on retirement, but resigned before retirement; and
 (b) had not elected to take the benefit of Division 3A of Part 4 of that Act.
 (10) The person:
 (a) would have been entitled to a benefit under section 27, 28, 28A or 28AA of the NSW Superannuation Act on retirement, but resigned before retirement; and
 (b) elected to take the benefit of Division 3A of Part 4 of that Act.

9 Step 3 — Assumptions in respect of person
  For step 3 of the method set out in clause 2, the following assumptions apply:
 (a) the person remains a contributor;
 (b) the person's salary will increase in accordance with paragraph 10 (a);
 (c) the person will contribute for units of pension that will be taken to be optional units of pension under Part 3 of the NSW Superannuation Act, in accordance with paragraph 10 (c);
 (d) if the relevant date is 29 February in a leap year, the corresponding date in a year that is not a leap year is 1 March.

10 Assumptions to be applied for TPCIt and Bt,r
  For the definition of TPCIt in step 1 of the method set out in clause 2, and paragraph (b) of the definition of Bt,r in subclause 6 (1), the following assumptions apply:
 (a) the person's salary will increase by 4% each year commencing on 1 July in the financial year in which the relevant date occurs;
 (b) a pension (if any) that is included in the benefit will increase by 2.5%