38
In forceRetirement benefit, amount of
Part 2Gold State Super Scheme
Division 4Benefits
38 Retirement benefit, amount of
If a Gold State Super Member who is 55 or over ceases to be a worker and no benefit is payable under regulations 39 to 43 the Board is to pay the Member a benefit of an amount equal to B in the formula —
where —
R is the Member’s final remuneration; and
M is the number of complete months in the Member’s contributory membership period; and
C is the Member’s average contribution rate.
[Regulation 38 amended: Gazette 6 Jun 2007 p. 2617.]
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.