20Method of working out W in the formula in subclause 4(2)

20 Method of working out W in the formula in subclause 4(2) (1) If a discretion is exercised to pay a benefit upon: (a) voluntary exit; or (b) redundancy that is not bona fide; which is greater than the benefit assumed in calculating the new entrant rate, the excess of the actual benefit paid over the amount of the assumed benefit at the time the actual benefit is paid (W) forms part of the amount of notional employer contributions for the member for the financial year in which the benefit is paid. (a) in a financial year in which the trustee does not exercise a discretion to pay a benefit to the member which is greater than the assumed benefit—W equals zero; and (b) in any other financial year—W equals an amount worked out on advice from an actuary that represents the excess of the actual benefit paid to the member over the amount of the assumed benefit at the time the actual benefit is paid. ## Part 5 Member has changed benefit category ## Part 5—Member has changed benefit category