44D
CurrentEarly release of benefits
Part 8General provisions
44D Early release of benefits
(1)
The Board may approve the early release of part or all of the vested benefit of a member or former member in accordance with the specified standards.
(2)
The Board must determine—
(a)
the amount of the vested benefit to be released; and
(b)
the method of payment of that amount; and
(c)
the reduction to be made to the vested benefit—
in accordance with the specified standards.
This Act’s bill:Second reading speech
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