Effect of releasing amount
13H Effect of releasing amount
If the Treasurer pays a release authority lump sum, the pension recipient's entitlements under this Act must be reduced to ensure the
Territory recovers the amount of the release authority lump sum.
The Treasurer must take advice from an actuary in determining a reduction in pension entitlements under this section.
A reduction takes effect on the first day on which an entitlement under this Act is to be paid to the recipient that is more than 14 days after the Treasurer is given the release authority.
If a retired Judge entitled to a pension under Part 3 dies and the retired Judge's surviving partner is entitled to a pension under
Part 3, any reduction under this section is to be applied to the surviving partner's entitlement on the first day on which the entitlement is to be paid to the surviving partner after the death of the retired Judge.
Part 6 Miscellaneous provisions
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