14MBenefit on attaining age 65 or 70

#### 14M Benefit on attaining age 65 or 70 14M Benefit on attaining age 65 or 70 > > (1) A contributor who attains the age of 70 years must be paid any pension or other benefit under this Act to which the contributor would be entitled on retirement on that age as if the contributor had ceased to be a contributor at that age but— > > > > > (a) may elect under section 14J, in the case of a superannuation allowance, to commute to a lump sum all of the allowance, and > > > > > (b) if such an election is made, may also elect to preserve the whole of any lump sum benefit in the Fund. > > > (2) Interest is payable, at the rate from time to time fixed by STC under section 16 (1) of the [State Authorities Superannuation Act 1987](/view/html/inforce/current/act-1987-211), on an amount preserved in the Fund under this section. > > > (3) The provisions of section 9B (3), (4), (6A), (6AA) and (10)–(14) apply to a lump sum benefit preserved under this section. > > > (4) (Repealed) > > > (4A) A contributor who has attained the age of 65 years may elect (at any time on or after attaining 65 years and before attaining 70 years) to be paid any superannuation allowance to which the contributor is entitled at the time under section 7 but— > > > > > (a) may elect under section 14J to commute the whole of the allowance to a lump sum, and > > > > > (b) if such an election is made, may also elect to preserve the lump sum in the Fund, > > > > even though the contributor is not retired. > > > (5) A contributor to whom this section applies is not entitled to any other benefit under this Act. > > **s 14M:** Ins 1992 No 35, Sch 1. Am 1993 No 42, Sch 4; 1996 No 39, Sch 4; 1997 No 149, Sch 1.3 \[10\]–\[12\].