Reduction of productivity superannuation benefit
15 Reduction of productivity superannuation benefit
For subsection 52(5) of the Defence Act, this clause applies to a productivity superannuation benefit in respect of the original interest if the benefit becomes payable at a time after the operative time.
The amount to which the productivity benefit payable to the member spouse after the operative time is to be reduced is to be worked out in accordance with the benefit reduction methodology developed and maintained by an actuary for this clause.
Schedule—Factors concerned in the calculation of interest applicable in respect of certain calendar years
Note: See clauses 8A and 8AA.
Column 1 | Column 2 |
|---|---|
Calendar year | Factor |
1989 | 0.1286 |
1990 | 0.1293 |
1991 | 0.1201 |
1992 | 0.0951 |
1993 | 0.0760 |
1994 | 0.0572 |
1995 | 0.0853 |
1996 | 0.0695 |
1997 | 0.0626 |
1998 | 0.0514 |
1999 | 0.0426 |
2000 | 0.0588 |
2001 | 0.0490 |
2002 | 0.0511 |
2003 | 0.0439 |
2004 | 0.0476 |
2005 | 0.0453 |
2006 | 0.0442 |
2007 | 0.0501 |
2008 | 0.0633 |
2009 | 0.0399 |
2010 | 0.0565 |
2011 | 0.0551 |
2012 | 0.0367 |
2013 | 0.0327 |
2014 | 0.0423 |
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