Selection of frequency of pension payment
189 Selection of frequency of pension payment
A Retirement Income Member is to select —
whether the Member’s pension is to be paid fortnightly, monthly, quarterly or annually; and
if the Member selects quarterly payments, whether the payments are to be made in —
January, April, July and October; or
February, May, August and November; or
March, June, September and December;
and
if the Member selects annual payments, the month in which the Member’s pension is to be paid,
and give notice of those selections to the Board.
A Member may change his or her selection under subregulation (1) at any time by giving notice to the Board.
Until a Retirement Income Member selects otherwise the Member is taken to have selected monthly pension payments.
[Regulation 189 inserted: Gazette 19 Mar 2003 p. 829-30; amended: Gazette 13 Apr 2007 p. 1582; SL 2026/96 r. 5.]
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