8AAmount of productivity benefit after 1988 and before 1 July 1992

8A Amount of productivity benefit after 1988 and before 1 July 1992

(1) This clause applies in respect of service rendered by a member after 1988 and before 1 July 1992. (2) Where, in a pay period, a member renders 14 days effective service, then, subject to subclause (6), the amount of productivity benefit (exclusive of interest) to be credited to that member in respect of that pay period shall be calculated in accordance with the formula: Image unavailable in extracted text

where ARP is the annual rate of pay applicable to the member.

(3) Where, in a pay period, a member renders a period of effective service of less than 14 days, then, subject to subclause (6), the amount of productivity benefit (exclusive of interest) to be credited to that member in respect of that pay period shall be calculated in accordance with the formula: Image unavailable in extracted text where:

B is the amount of benefit in respect of a member in respect of the pay period ascertained in accordance with the formula specified in subclause (2); and

D is the number of days effective service in the pay period.

(4) Where, in a pay period, a member renders 14 days service, then, subject to subclause (6), the amount of productivity benefit (being interest) to be credited to that member in respect of that pay period shall be calculated in accordance with the formula: Image unavailable in extracted text where:

B is the amount of benefit (including interest) that has accrued in respect of the member immediately before the commencement of the pay period; and

I is the factor specified in column 2 of the Schedule opposite to the reference to the calendar year specified in column 1 of the Schedule which is the calendar year in which the pay period concludes.

(5) Where, in a pay period, a member renders a period of service of less than 14 days, then, subject to subclause (6), the amount of productivity benefit (being interest) to be credited to that member in respect of that pay period shall be calculated in accordance with the formula: Image unavailable in extracted textImage unavailable in extracted text where:

B is the amount of benefit (including interest) that has accrued in respect of the member immediately before the commencement of the pay period;

D is the number of days service in the pay period; and