Document ID: chunk:federal_register_of_legislation:F2024C00260:reg:4:p2
Version: federal_register_of_legislation:F2024C00260
Segment Type: reg
Provision Reference: reg 4 (pt 2/2)
Character Range: 460533–463268

reversionary pension (being the portion of the reversionary pension payable under section 39 of the DFRDB Act that would not be indexed under Part XA of that Act) that would have been payable at the relevant date to a spouse of the person on the death of that person if that person had retired on the relevant date and CSC had determined under subsection 6C (1) of the DFRDB Act that the surcharge deduction amount was zero.
                                                                                                                                                                                        NIRFy+m is the non‑indexed reversion factor calculated in accordance with the following formula:
                                                                                                                                                                                        where:
                                                                                                                                                                                        NIRFy is the non‑indexed reversion valuation factor for a retirement pension mentioned in Table 7A or 7B for the person's gender and age in completed years at the relevant date.
                                                                                                                                                                                        m has the meaning given above.
                                                                                                                                                                                        NIRFy+1 is the non‑indexed reversion valuation factor for a retirement pension mentioned in Table 7A or 7B that would apply if the person's age in completed years at the relevant date were 1 year more than it is.
                                                                                                                                                                                        C is the lump sum that would have been payable to the person if:
                                                                                                                                                                                         (a) the person had retired on the relevant date and CSC had determined under subsection 6C (1) of the DFRDB Act that the surcharge deduction amount was zero; and
                                                                                                                                                                                         (b) the person had taken the maximum commutation under section 24 of the DFRDB Act.