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: 2620172–2621661

2     An interest that a person under the age of 65 years has to an entitlement to a Disablement benefit under clause C.5 of the Deed, as:              AB + DP × PVF
       (a) a 'Category I' member or a 'Category II' member of the UniSuper fund; or                                                                     where:
       (b) a member of the UniSuper fund to which Division C of the Deed applies.                                                                       AB is the account balance at the relevant date of the person's Member Accumulation Account under clause C.3 of the Deed.
                                                                                                                                                        DP is the annual amount of the pension at the relevant date that is the person's disablement benefit under clause C.5.1 (after any adjustment in accordance with clause C.5.5) of Deed.
                                                                                                                                                        PVF is the applicable pension valuation factor calculated in accordance with the formula in subclause 2 (2) of Schedule 4 to the Regulations but using the pension valuation factors mentioned in Table 2 of Division 105.4.

Division 105.4 Factors for interests in the payment phase

Table 1 Lump sum valuation factors

Item  Remaining term until normal retirement age   Factor
      (in complete years)