Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p24
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 24/26)
Character Range: 1677231–1679807

number of days of the person's service in the period commencing on 1 July 1988 and ending on the date when the requirements of Part 3 of the Regulations were satisfied.
  EFPs has the meaning given by subclause 23 (1).
  CDe is the total number of days of the person's service at the date when the benefit was preserved under Division 3D of Part 4 of the NSW Superannuation Act.
  Be is the number of days of the person's service in the period commencing on 1 July 1988 and ending on the date when the benefit was preserved under Division 3D of Part 4 of the NSW Superannuation Act.
  EFPe has the meaning given by subclause 23 (2).

23 Definitions of EFPs and EFPe
 (1) In subclause 22 (3):
EFPs is the employer financed proportion of the person's benefit at the date when the requirements of Part 3 of the Regulations were satisfied, calculated in accordance with the formula:
  where:
  EFBs is the employer financed component of the benefit that is payable to the person immediately before the time when the requirements of Part 3 of the Regulations were satisfied, worked out in accordance with the formula:
  where:
  V0 is the sum of all the probability weighted employer funded accrued benefits worked out in step 1 of the method set out in clause 2.
  V1 is the sum of all the probability weighted employer funded accrued benefits worked out in step 3 of the method set out in clause 2.
  m is the number of complete months in the period commencing on 1 July before the date when the requirements of Part 3 of the Regulations were satisfied and ending at the end of the date when those requirements were satisfied.
  TPCIs is the total amount of the person's contributions and interest, being the amount that would have been required to be calculated under subsection 33B (4) of the NSW Superannuation Act if a benefit had been payable to the person immediately before the time when the requirements of Part 3 of the Regulations were satisfied.
 (2) In subclause 22 (3):
EFBe is the employer financed component of the benefit that is payable to the person, calculated in accordance with the formula:

  where:
  LS is the amount of the lump sum benefit that would be payable to the person under section 52Z of the NSW Superannuation Act on the person's retirement (within the meaning given by subregulation 6.01 (2) of the Superannuation Industry (Supervision) Regulations 1994) if the person's retirement had occurred on the date when the benefit was preserved under Division 3D of Part 4 of the NSW Superannuation Act.
  P is the amount of annual pension:
 (a) that