Pension amount, selection of
190 Pension amount, selection of
A Retirement Income Member is to select an amount that is —
not less than the Commonwealth minimum; and
not more than the Commonwealth maximum,
as the annual amount of the Member’s pension 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.
If a Member does not make a selection under subregulation (1), or the amount selected by a Member does not comply with subregulation (1), the Board may make a selection for the Member of an amount the Board considers to be reasonable, and if it does so, the Board must give notice of the selection to the Member.
[Regulation 190 inserted: Gazette 19 Mar 2003 p. 830.]
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