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Military Superannuation and Benefits Trust Deed
100Reduction of pension
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100 Reduction of pension
For rule 95, the amount to which an annual rate of pension is to be reduced is calculated as follows:
| Step 1 | Identify the annual rate of pension that was payable to the member spouse immediately before the operative time. |
|---|---|
| Step 2 | Work out a reduction factor using the formula: |
| Step 3 | Multiply the amount identified in step 1 by the reduction factor. |
The result is the annual rate of pension payable after the operative time in respect of the member spouse’s interest.