Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_1:p1
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 1/2)
Character Range: 2573517–2578147

1     An interest that a person has as a Judge in the SA Judges' Pensions Scheme.     where:
                                                                                      S is the person's annual salary at the relevant date.
                                                                                      A is the person's accrued pension multiple at the relevant date calculated by reference to whichever of the following applies:
                                                                                       (a) if the person is aged 60 years or more and has 10 years or more judicial service — the lesser of:
                                                                                       (i) 0.6; and
                                                                                       (ii) 0.5  0.01  csm;
                                                                                        where:
                                                                                        csm is the number of periods of 6 complete months of the person's judicial service between the 10th anniversary of the day when the person commenced judicial service and the relevant date.
                                                                                       (b) if the person is aged less than 60 and will have 10 years or more judicial service when the person turns 60:
                                                                                        where:
                                                                                        psm is:
                                                                                       (a) the number of periods of 6 complete months of the person's judicial service between the 5th anniversary of the day when the person commenced judicial service and the day when the person turns 60; or
                                                                                       (b) if the number under paragraph (a) is more than 20 — 20.
                                                                                        djs is the number of days of the person's judicial service commencing on the day when the person commenced judicial service and ending on the relevant date.
                                                                                        pdjs is the number of days of the person's judicial service commencing on the day when the person commenced judicial service and ending on the day when the person turns 60.
                                                                                       (c) if neither paragraph (a) nor (b) applies and the person commenced judicial service at least 10 years before the person's age of retirement:
                                                                                        where:
                                                                                        djs is the number of days of the person's judicial service commencing on the day when the person commenced judicial service and ending on the relevant date.
                                                                                        pdjs is the number of days of the person's judicial service commencing on the day when the person commenced judicial service and ending on the 10th anniversary of that day.
                                                                                       (d) if the person commenced judicial service less than 10 years before the person's age of retirement:
                                                                                        where:
                                                                                        psm is the number of periods of 6 complete months of the person's judicial service between the 5th anniversary of the day when the person commenced judicial service and ending on the day when the person reaches the person's age of retirement.
                                                                                        djs is the number of days of the person's judicial service commencing on the day when the person commenced judicial service and ending on the relevant date.
                                                                                        tdjs is the number of days of the person's judicial service commencing on the day when the person commenced judicial service and ending on the day when the person reaches the person's age of retirement.
                                                                                      Fy+m   is