14DAdjustment of allowances: partial adjustment

14D Adjustment of allowances: partial adjustment

14D Adjustment of allowances: partial adjustment

(1) Subject to this Division, where there is an adjustment percentage for a year (in subsection (5) referred to as the particular year), the superannuation allowance payable pursuant to section 7 or 7AA on the adjustment date for that year to a member of the police force who retired on or after 1 July in that year but on or before 31 March in that year is hereby adjusted, on and from that adjustment date, by a percentage equal to the percentage calculated in accordance with the formula set out in subsection (5).

(2) Subject to this Division, where there is an adjustment percentage for a year (in subsection (5) referred to as the particular year), the amount of the superannuation allowance payable pursuant to section 10 on the adjustment date for that year to a disabled member of the police force who was discharged on or after 1 July in that year but on or before 31 March in that year is hereby adjusted, on and from that adjustment date, by a percentage equal to the percentage calculated in accordance with the formula set out in subsection (5).

(3) (Repealed)

(4) Subject to this Division, where there is an adjustment percentage for a year (in subsection (5) referred to as the particular year), the sum of the amount of the superannuation allowance granted pursuant to section 12 consequent upon the death of—

(a) a member of the police force who died on or after 1 July in that year but on or before 31 March in that year, or

(b) a former member of the police force who was discharged on or after 1 July in that year but on or before 31 March in that year,

being in either case a superannuation allowance payable on the adjustment date for that year, is hereby adjusted, on and from that adjustment date, by an amount which is a percentage of the amount of that superannuation allowance, being a percentage equal to the percentage calculated in accordance with the formula set out in subsection (5).

(5) The formula referred to in subsections (1), (2), (3) and (4) is—

where—

A is the percentage by which the superannuation allowance is to be adjusted,

P is the adjustment percentage for the particular year, and

Q is the number of whole quarters of the particular year, being whole quarters after—