Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_2
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 2580139–2581952

2     An interest that a person has in the SA Judges' Pensions Scheme if the person:  where:
       (a) was a Judge; and                                                           S is the annual salary payable to the person immediately before the date when the person resigned, adjusted in accordance with the Consumer Price Index (all groups index for Adelaide) for the period between the date the person resigned and the relevant date.
       (b) resigned before turning 60; and                                            DFy+m is the factor calculated in accordance with the following formula:
       (c) had judicial service of 15 years or more.                                  where:
                                                                                      DFy is the valuation factor mentioned in Table 3 of this Part that applies at the relevant date to the person's gender and age in completed years (y).
                                                                                      m has the meaning given by item 1.
                                                                                      DFy+1 is the valuation factor mentioned in Table 3 of this Part that would apply to the person if the person's age (y) were one year more than the person's age in completed years at the relevant date.

Division 5.3 Interests in the payment phase

3 Methods and factors for interests in the SA Judges' Pensions Scheme
  For an interest that is in the payment phase in the SA Judges' Pensions Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this instrument.

Item  Interest in the payment phase                                                                                              Method or factor