Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_2
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 2544117–2547155

2     An interest that a person has as a new scheme member in the SA Parliamentary Superannuation Scheme.   where:
                                                                                                            S has the meaning given by item 1.
                                                                                                            n1 has the meaning given by item 1.
                                                                                                            n2 has the meaning given by item 1.
                                                                                                            APOP is the person's additional prescribed office proportion, being the lesser of:
                                                                                                             (a) the proportion that the sum of the person's additional prescribed office amounts for each prescribed office the person has held during the person's service, bears to the person's basic salary (expressed as an annual amount) at the relevant date; and
                                                                                                             (b) the proportion that 75 per cent of the highest additional salary payable (expressed as an annual amount) at the relevant date in respect of any prescribed office the person has held bears to the person's basic salary (also expressed as an annual amount) at that date.
                                                                                                            Fy+m is the factor calculated in accordance with the following formula:
                                                                                                            where:
                                                                                                            Fy is the valuation factor mentioned in Table 2A (males) or 2B (females) that applies at the person's age in completed years and the number of complete years of the person's service, at the relevant date.
                                                                                                            m has the meaning given by item 1.
                                                                                                            Fy +1 is the valuation factor mentioned in Table 2A (males) or 2B (females) that would apply if:
                                                                                                             (a) the person's age at the relevant date were one year more than it is; and
                                                                                                             (b) the number of complete years of the person's service at the relevant date were one year more than it is.

       Table 1A  Valuation factors for old scheme members — males

     Number of complete years of service
Age  0 to 3                               4 to 5  6 to 10  11 to 15  16 to 20  Over 20