State Superannuation Regulations 2001

This regulation applies to a Gold State Super Member who is —

a worker entitled to a preserved GSS withdrawal benefit that is not yet payable under regulation 45(1); and

at least 65 years of age.

The Member may apply to the Board for the payment of all or part of the Member’s preserved GSS withdrawal benefit.

If the Board receives an application under subregulation (2), the Board must pay the Member the amount requested.

However, the Board must not pay an amount that —

is less than the pre‑set minimum (if any); or

would reduce the remaining amount of the Member’s preserved GSS withdrawal benefit to less than the pre‑set minimum (if any).

Subregulation (4)(b) does not apply if the application is for payment of all of the Member’s preserved GSS withdrawal benefit.

If all or part of the Member’s preserved GSS withdrawal benefit is paid under this regulation, the amount of the benefit is reduced by an amount equal to the amount of the benefit that is paid to the Member.