Term used: final remuneration

In force

(1)

In this Part —

final remuneration, for a Gold State Super Member, means the amount of FR in the formula —

where —

R is the Member’s daily rate of remuneration as at —

for R₁ the day on which the Member ceased to be an eligible Gold State worker; and

for R₂ the Member’s last selection day; and

for R₃ the Member’s second last selection day,

or if the Member’s contributory membership period does not include that day, the day on which the Member became a Gold State Super Member;

D is the number of days on which the Member was a Gold State Super Member —

for D₁ on and after the Member’s last selection day; and

for D₂ on and after the Member’s second last selection day but before the Member’s last selection day; and

for D₃ on and after the first day of the last 2 years of the Member’s contributory membership period but before the Member’s second last selection day,

or if the Member’s contributory membership period does not include the first day referred to in each case, the day on which the Member became a Gold State Super Member;

M is the lesser of —

(a)

730; and

(b)

the number of days in the Member’s contributory membership period.

(2)

If a Gold State Super Member worked on a part‑time basis on a day mentioned in the definition of final remuneration, then for the purposes of that definition the Member’s remuneration on that day is taken to be the amount that would have been the remuneration on that day of a comparable full‑time worker.

(3)

If a Gold State Super Member —

(a)

receives a special allowance for a day mentioned in the definition of final remuneration; and

(b)

receives that allowance continuously for at least 12 months including that day,

then for the purposes of the definition of final remuneration the Member’s remuneration on that day is taken to include that allowance.

(4)

If a Gold State Super Member —

(a)

is on secondment on a day mentioned in the definition of final remuneration; and

(b)

that secondment continues for at least 12 months including that day,

then for the purposes of the definition of final remuneration the Member’s remuneration on that day is taken to be the higher of —

(c)

the remuneration for the job from which the Member was seconded; and

(d)

the remuneration for the job to which the Member was seconded.

(5)

If a Gold State Super Member’s remuneration on a particular day was —

(a)

nil; or

(b)

less than the Board considers was the Member’s normal remuneration,

then for the purposes of the definition of final remuneration the Member’s remuneration for that day is taken to have been the Member’s normal remuneration.

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16 Term used: final remuneration