Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p15
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 15/26)
Character Range: 1656662–1659186

and EFPe
 (1) In subclause 13 (3):
EFPs is the employer financed proportion of the person's benefit at the date when the requirements of Part 3 of the Regulations were satisfied, calculated in accordance with the formula:
where:
EFBs is the employer financed component of the benefit that is payable to the person immediately before the time when the requirements of Part 3 of the Regulations were satisfied, worked out in accordance with the formula:
 where:
  V0 is the sum of all the probability weighted employer funded accrued benefits worked out in step 1 of the method set out in clause 2.
  m is the number of complete months in the period commencing on 1 July before the date when the requirements of Part 3 of the Regulations were satisfied and ending at the end of the date when those requirements were satisfied.
  V1 is the sum of all the probability weighted employer funded accrued benefits worked out in step 3 of the method set out in clause 2 .
TPCIs is the total amount of the person's contributions and interest, being the amount that would have been required to be calculated under subsection 33B (4) of the NSW Superannuation Act if a benefit had been payable to the person immediately before the time when the requirements of Part 3 of the Regulations were satisfied.
 (2) In subclause 13 (3):
EFPe is the employer financed proportion of the person's benefit at the date when:
 (a) the person elected, under paragraph 20AB (1) (b) of the NSW Superannuation Act, to make provision for a benefit provided by Division 3A of Part 4 of that Act; or
 (b) the person elected to take the benefit of Division 3A of Part 4 of the NSW Superannuation Act; or
 (c) Subsection 52IA (1) of the NSW Superannuation Act first applied to the person; or
 (d) the person elected, under paragraph 52N (1) (b) of the NSW Superannuation Act, to preserve a benefit provided for by Division 3A of Part 4 of that Act; or
 (e) the person was taken, under subclause 2 (1) of Schedule 23 to the NSW Superannuation Act, to have elected to take the benefit of Division 3A of Part 4 of that Act;
calculated in accordance with the formula:
where:
EFBe is the employer financed component of benefit that is payable to the person, calculated in accordance with the formula:
where:
P1 is the amount of fortnightly pension that would be calculated under subsection 52A (2) of the NSW Superannuation Act in respect of the person if the person was entitled to a pension under section 52C of that Act at:
 (a) in the case of a person, who has