Term used: contributory membership period
14 Term used: contributory membership period
Subject to subregulation (3) in this Part —
contributory membership period means the period during which a person is both a Gold State Super Member and an eligible Gold State worker excluding —
any period of unrecognised unpaid leave; and
any other period for which the Member did not make member contributions other than a period of recognised unpaid leave.
When determining the length of a Gold State Super Member’s contributory membership period, any period during which the Member worked on a part‑time basis is to be counted as the number of complete months or days (as the case requires) of full‑time work that the Board considers is equivalent to number of months or days of part‑time work actually completed.
If the Treasurer considers there are special circumstances, the Treasurer may direct the Board to treat a Gold State Super Member as having a longer contributory membership period than the Member would otherwise have, and the Board is to give effect to that direction.
A direction under subregulation (3) may be conditional on the Member contributing at a rate greater than that which would otherwise be permitted.
The cost to the Fund (if any) of an increase in a Gold State Super Member’s contributory membership period as a result of a direction under subregulation (3) is to be assessed by an actuary and paid to the Fund by the Employer.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.