Partial and permanent disablement benefit, amount of
41 Partial and permanent disablement benefit, amount of
Subject to regulations 42 and 49, if a Gold State Super Member who is under 60 ceases to be an eligible Gold State worker because of partial and permanent disablement 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; and
E is the annual amount of the remuneration that the Board considers the Member has the capacity to earn after becoming disabled; and
F is the number of complete months from the day the Member ceased to be an eligible Gold State worker to the day when the Member will turn 60.
For the purpose of determining the value of E in the formula in subregulation (1) the Board —
may obtain and have regard to advice from any person the Board considers appropriate; and
is to take into account the possibility of work in either the public sector or the private sector.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.