146F
In forceMethod for reduction of spouse’s pension in relation to surcharge commutation amount
Volume 2Parts VIAA to XIV (sections 110SA to 250), Schedules, Endnotes
Part IXACommutation of pension: payment of surcharge liability
Division 3Commutation of spouse’s pension
146F Method for reduction of spouse’s pension in relation to surcharge commutation amount
(1)
CSC must, following consultation with an actuary, determine in writing, in relation to persons who are receiving a spouse’s pension, the method that, having regard to:
(a)
a person’s age when he or she makes an election under section 146E; and
(b)
other relevant factors (if any);
is applicable for the purpose of working out, in relation to the person, the yearly amount that would have to be paid to discharge a liability equal to the person’s surcharge commutation amount (within the meaning of section 146E).
(2)
A determination under this section is to be published in the Gazette.
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