Document ID: chunk:federal_register_of_legislation:F2023C01077:reg:3
Version: federal_register_of_legislation:F2023C01077
Segment Type: reg
Provision Reference: reg 3
Character Range: 92170–94212

3     An interest that a person has in the Scheme if the person is entitled to an associate deferred annuity under subsection 22CD (3) of the Act.   where:

                                                                                                                                                     ADA is the associate deferred annuity that is payable to the person under section 22CE of the Act.
                                                                                                                                                     Fy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                     where:

                                                                                                                                                     Fy is the valuation factor mentioned in Table 58 that applies at the person's age in completed years (y) at the operative time for the person's gender and type of annuity.
                                                                                                                                                     m is the number of complete months of the person's age at the operative time that are not included in the person's completed years of age.
                                                                                                                                                     Fy+1 is the valuation factor mentioned in Table 58 that would apply if the person's age in completed years at the operative time were 1 year more than it is.

Part 2 Scheme factors

Table A Pension valuation factors for sitting members
 (HoR means the House of Representatives)

Item  Gender  House   Interest subject to deferral  Completed years since last election for the House of Representatives  Last became member of Senate before last election for the House of Representatives  Relevant table