Benefits for part-time members
588 Benefits for part-time members
This section applies if a relevant member performs the functions of the office on a part-time basis under an appointment or agreement.
For the pensions Act, sections 3, 4 and 5, the period served by the relevant member is taken to be the total number of years, including any part of a year, that the person serves as a relevant member regardless of whether the person performs the functions of the office on a full-time or part-time basis.
For the Pensions Act, sections 3, 4 and 5, the salary of the relevant member is taken to be the amount worked out using the formula—where—
FTS means the salary payable to a relevant member who performs the functions of the office on a full-time basis under section 586.
PS means the sum of the period served on a full-time basis and each period of equivalent full-time service of the relevant member.
TS means the total number of years, including any part of a year, that the person serves as a relevant member regardless of whether the person performs the functions of the office on a full-time or part-time basis.Example of TS—
A person works as a commissioner full-time for 5 years 6 months and then works part-time on a 50% part-time basis for 5 years. The TS of the person is 10 1/2 years (5 1/2 years plus 5 years).
The amount of the salary of the relevant member worked out under subsection (3) is to be worked out to 2 decimal places and rounded up or down to the nearest whole dollar amount.
If the sum of the period served on a full-time basis and each period of equivalent full-time service for a relevant member is 10 years or more—
subsection (3) does not apply to the relevant member for the Pensions Act, sections 3, 4 and 5; and
the salary of the relevant member for the Pensions Act, sections 3, 4 and 5 is taken to be the salary payable to a relevant member who performs the functions of the office on a full-time basis under section 586.
In this section—
equivalent full-time service, for each period of part-time service, means the period of service multiplied by the percentage of full-time service represented by the part-time service stated in the appointment or agreement.
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