Document ID: chunk:federal_register_of_legislation:C2022C00261:clause:1_6
Version: federal_register_of_legislation:C2022C00261
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 184265–186695

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Part 5—Calculation of employer benefit of MBL Member
7. The employer benefit, in relation to an MBL member, is calculated in accordance with whichever formula in this Part is applicable to the member.
8. In the case of an MBL member who elected under subrule 5 (2) to cease paying contributions, the formula is:

where:
"FASC" means the person's final average salary on ceasing contributions; and
"FASR" means the person's final average salary on retirement; and
"LSMBMC" means the person's lump sum maximum benefit multiple on ceasing contributions; and
"LSMBMR" means the person's lump sum maximum benefit multiple on retirement; and
"MB" means the amount of the person's member benefit on ceasing contributions; and
"TB" means the sum of the person's employer benefit and member benefit on ceasing contributions.
9. In the case of an MBL member who:
     (a) ceased paying contributions because of the operation of subrule 5 (1); or
     (b) being a transferred member, did not pay contributions because of the operation of that subrule;
the formula is:

where:
"FASC" means the person's final average salary on ceasing contributions; and
"FASR" means the person's final average salary on retirement; and
"PMBMC" means the person's pension maximum benefit multiple on ceasing contributions; and
"PMBMR" means the person's pension maximum benefit multiple on retirement; and
"MB" means the amount of the person's member benefit on ceasing contributions; and
"TB" means the sum of the person's employer benefit and member benefit on ceasing contributions.
Part 6—Interpretation
10. A reference in this Schedule to a person who retires on the ground of invalidity does not include a reference to a person who, by reason of rule 32, 33 or 34, is not entitled to invalidity benefits.
11. A reference in this Schedule to the aggregated service of a foreign service member or a 1973 Scheme re‑entrant is a reference to the sum of:
     (a) the eligible service of that person; and
     (b) either:
          (i) in the case of a 1973 Scheme re‑entrant—any period that, before the person became a member, was a period of effective service in relation to the person for the purposes of the 1973 Act; or
          (ii) in the case of a foreign service member—so much of the person's full‑time service with the forces of a country other than Australia as CSC approves calculated in such manner as CSC approves.