Document ID: chunk:federal_register_of_legislation:F2015C00404:reg:8aa
Version: federal_register_of_legislation:F2015C00404
Segment Type: reg
Provision Reference: reg 8AA
Character Range: 23786–24940

8AA  Amount of productivity benefit on or after 1 July 1992
 (1) This clause applies in respect of service rendered by a member on or after 1 July 1992.
 (2) Where, in a pay period, a member whose total period of effective service is less than 20 years renders 14 days effective service, then, subject to subclause (7), the amount of productivity benefit (exclusive of interest) to be credited to that member in respect of that pay period is calculated using the formula:

where:
ARP is the annual rate of pay applicable to the member; and
percentage is the percentage specified in subclause (2A), (2B) or (2C) in respect of the member for the date on which the pay period ends.
 (2A) For the definition of percentage in subclause (2), the following table specifies the percentage in respect of non‑recipient members and recipient members with at least 12 months service for a pay period ending between 1 July 1992 and 30 June 2015.

Percentages—non‑recipient members and certain recipient members from 1992 to 2015
Item                                                                               Date pay period ends                      Percentage