Document ID: chunk:federal_register_of_legislation:C2024C00825:section:107m:p2
Version: federal_register_of_legislation:C2024C00825
Segment Type: section
Provision Reference: s 107M (pt 2/4)
Character Range: 290682–293314

in relation to the employee the aggregate of the amount paid to the Provident Account, or to the new Superannuation Fund, in respect of the employee under paragraph (a) of subsection (4) and compound interest on that amount as provided in subsection (8);
 (d) if subsection (7) applies in relation to the employee—in respect of each part, as determined in accordance with subsection (7), of the amount paid by the Board to the Provident Account, or to the new Superannuation Fund, in respect of the employee under paragraph (a) of subsection (4):
 (i) if paragraph (c) of subsection (7) applies in relation to the part—an amount ascertained by multiplying by the factor applicable, in accordance with subsection (7) in relation to that part, the aggregate of the amount of that part and compound interest on that last‑mentioned amount as provided in subsection (8); or
 (ii) in any other case—an amount ascertained by aggregating the amount of that part and compound interest on that last‑mentioned amount as provided in subsection (8); or
 (e) in any other case—an amount ascertained by aggregating the amount paid to the Provident Account in respect of the employee under paragraph (a) of subsection (4) and compound interest on that amount as provided in subsection (8).
 (6) Subject to subsection (7), where a prescribed employee would, under the law in force in the State on the day immediately before the relevant date, have been entitled to be paid from the State Fund, upon ceasing to be a contributor to the State Fund upon attaining the age for his retirement, an amount calculated by reference, among other things, to the amount ascertained by multiplying the sum of his contributions to the State Fund by a particular factor:
 (a) this subsection applies in relation to the employee; and
 (b) that factor is the factor applicable in relation to the employee for the purposes of paragraph (c) of subsection (5).
 (7) Where the amount paid to the Provident Account, or to the new Superannuation Fund, in respect of a prescribed employee under paragraph (a) of subsection (4) was based on the employee's interests in 2 or more separate accounts forming part of the State Fund:
 (a) the amount so paid by the Board shall, for the purposes of this section, be deemed to consist of parts each of which comprises the part of the amount so paid that is based on his interest in 1 of those accounts;
 (b) this subsection applies in relation to the employee; and
 (c) if the employee would, under the law in force in the State on the day immediately before the relevant date, have been entitled to be paid from the State Fund upon