Document ID: chunk:federal_register_of_legislation:F2023C01077:reg:2
Version: federal_register_of_legislation:F2023C01077
Segment Type: reg
Provision Reference: reg 2
Character Range: 90480–92170

2     An interest that a person has in the Scheme if the person is entitled to an associate immediate annuity under subsection 22CD (2) of the Act.  where:

                                                                                                                                                     AIA is the associate immediate annuity to which the person is entitled under subsection 22CD (2) of the Act.
                                                                                                                                                     Fy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                     where:

                                                                                                                                                     Fy is the valuation factor mentioned in Table 57 that applies at the person's age in completed years (y) at the operative time for the person's gender.
                                                                                                                                                     m is the number of complete months of the person's age at the operative time that are not included in the person's completed years of age.

                                                                                                                                                     Fy+1 is the valuation factor mentioned in Table 57 that would apply if the person's age in completed years at the operative time were 1 year more than it is.