Document ID: chunk:federal_register_of_legislation:C2022C00261:schedule:1
Version: federal_register_of_legislation:C2022C00261
Segment Type: schedule
Provision Reference: sch 1
Character Range: 186738–188030

Schedule 1
(Definition of "member benefit")

1. A member benefit, in relation to a person who is or was a member, is an amount equal to the sum of:
     (a) the contributions that have been paid under these Rules by the person on or after he or she began his or her current period of membership; and
     (b) in the case of a member to whom a preserved benefit is applicable—the amount of the member benefit (if any) included in that preserved benefit; and
     (c) the interest (if any), in respect of the amount in subparagraph (a) and of such of the amount in subparagraph (b) as is funded, in accordance with a determination or determinations by CSC as to rates of interest and the method of allocation of interest to such amounts; and
     (d) an amount equal to the interest, in respect of such of the amount in subparagraph (b) as is not funded, which would have accrued after the person last became a member if that amount had been funded; and
     (e) in the case of a member who transferred from the 1973 Scheme and who has not since retired:
          (i) the person's transfer value; and
          (ii) an amount equal to the interest in respect of that transfer value which would have accrued on or after the date of the person's transfer if the transfer value had been funded.