Document ID: chunk:federal_register_of_legislation:F2024C00260:reg:3
Version: federal_register_of_legislation:F2024C00260
Segment Type: reg
Provision Reference: reg 3
Character Range: 492691–497918

3                                                                                                                                                                                            An interest that a person has in the DFRDB scheme if he or she is entitled to:                                                                                                                     IP × IPFy+m + NIP × NIPFy+m
                                                                                                                                                                                              (a) a pension under section 38, 39 or 43A of the DFRDB Act; or                                                                                                                                    where:
                                                                                                                                                                                              (b) an associate pension under subsection 49B (2) of the DFRDB Act.                                                                                                                               IP is the person's annual indexed pension (being the portion of the pension that is indexed under Part XA of the DFRDB Act) at the relevant date.
                                                                                                                                                                                                                                                                                                                                                                                                IPFy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                                                                                                                                                                                                                                                                where:
IPFy is the spouse indexed pension valuation factor mentioned in Table 7A or 7B for the person's gender and age in completed years at the relevant date.
m is the number of complete months of the person's age that are not included in the completed years of age at the relevant date.
IPFy+1 is the spouse indexed pension valuation factor 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.
NIP is the person's annual non‑indexed pension (if any) (being the portion of the pension that is not indexed under Part XA of the DFRDB Act) at the relevant date.
                                                                                                                                                                                                                                                                                                                                                                                                NIPFy+m is the spouse non‑indexed pension factor calculated in accordance with the following formula:
                                                                                                                                                                                                                                                                                                                                                                                                where:
                                                                                                                                                                                                                                                                                                                                                                                                NIPFy is the spouse non‑indexed pension valuation factor 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.
                                                                                                                                                                                                                                                                                                                                                                                                NIPFy+1 is the spouse non‑indexed pension valuation factor 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.