23Entitlement to pension

23 Entitlement to pension

(1) The entitlement of a former member to receive a pension under this Part ceases—

(a) if the former member again becomes a member of the Parliament, on the day that he or she becomes a member of the Parliament; or

S. 23(1)(b) amended by No. 61/2013 s. 16(7)(9).

(b) if any part of any entitlement under this Part or membership of the Scheme is recognised as entitlement towards any benefit in a complying superannuation fund and there is a transfer of assets from the Scheme to that complying superannuation fund in accordance with subsection (2), on the day determined by the Board.

S. 23(2) amended by No. 61/2013 s. 16(7)(9).

(2) If subsection (1)(b) applies, the Board must on the recommendation of an actuary transfer from the Scheme to the relevant complying superannuation fund an amount certified by the actuary to be equivalent to the former member's entitlement under this Part.

S. 23(3) amended by Nos 50/1997 s. 18(3), 27/2001 s. 5(Sch. 3 item 3.8), 61/2013 s. 16(7).

(3) The Board is released from any liability to make any further payments to, or in respect of, any entitlement of the former member or of any partner or children of the former member as soon as the certified amount is transferred to the relevant complying superannuation fund.

(4) The entitlement of a former member to receive a pension under this Part does not cease otherwise than in accordance with this section.

S. 23A inserted by No. 82/1996 s. 44.