Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_1:p5
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 5/5)
Character Range: 2184837–2188112

factors for interests in the State Scheme
  For an interest that is in the payment phase in the State Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 5 of this instrument.

Item  Interest                                                                                                            Method
 1    An interest that a person has in the State Scheme if he or she is entitled to be paid a pension under that Scheme.  where:
                                                                                                                          A is the pension, expressed as an annual amount, to which the person is entitled under Part II of the State Act.
                                                                                                                          Fy+m is the factor calculated in accordance with the following formula:
                                                                                                                          where:
                                                                                                                          Fy is the pension valuation factor mentioned in Table 17 that applies at the person's age in completed years (y) at the relevant date for the person's gender and type of pension.
                                                                                                                          m is the number of complete months of the person's age at the relevant date that are not included in the person's completed years of age.
                                                                                                                          Fy+1 is the pension valuation factor mentioned in Table 17 that would apply if the person's age in completed years at the relevant date were 1 year more than it is.

Division 6.4 Factors

         Table A Valuation factors for members of the Legislative Assembly and members of the Legislative Council

Gender  Period of service since last Legislative Assembly election (complete years)  Pension factors  Lump sum factors
Male    0                                                                            Table 1          Table 9
Male    1                                                                            Table 2          Table 10
Male    2                                                                            Table 3          Table 11
Male    3 or more                                                                    Table 4          Table 12
Female  0                                                                            Table 5          Table 13
Female  1                                                                            Table 6          Table 14
Female  2                                                                            Table 7          Table 15
Female  3 or more                                                                    Table 8          Table 16

         Table 1 Pension valuation factors (PF) — males — less than 1 year since last Legislative Assembly election

Age at Relevant Date          Period of Service in Completed Years at last Legislative Assembly Election