Supplementary contribution where State Scheme contributor elects prior to 31 December 1994
9 Supplementary contribution where State Scheme contributor elects prior to 31 December 1994
Where a State Scheme contributor who is not a packaged officer makes an election under clause 7(5)(b) on or before 31 December 1994—
in the case of an employee of SBSA—he or she is entitled to receive an additional credit in the SAAMC Fund equal to the amount of the supplementary contribution determined in accordance with subclause (2); or
in the case of an employee of BSAL—BSAL must make a supplementary contribution to the BSAL Fund for his or her benefit of an amount determined in accordance with subclause (2).
The amount of the supplementary contribution will be equal to 20 per cent of the contributor's salary as at the date of the election under clause 7(5)(b).
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