7Superannuation allowance except where member hurt on duty

7 Superannuation allowance except where member hurt on duty

7 Superannuation allowance except where member hurt on duty

s 7, hdg: Rep 1974 No 101, sec 3 (e).

(1) The annual superannuation allowance for a member of the police force who has served 20 years or more of equivalent full-time service and retires on or after attaining the age of 60 years or, being under that age, is discharged after being certified under section 8 (1) to be incapable, from infirmity of body or mind, of personally exercising the functions of a police officer referred to in section 14 (1) of the Police Act 1990, is an amount calculated in accordance with the following formula—

where—

P represents the amount of the annual superannuation allowance payable.

Y represents a percentage of the member’s attributed salary of office at the date of the member’s retirement or discharge equal to the sum of—

(a) the percentage specified in the Second Column of the Table to this subsection opposite the total number of years of both full-time and part-time service specified in the First Column of that Table that has been completed by the member, and

(b) in the case of a person who has completed less than 30 years of equivalent full-time service, one-twelfth of 2.425 per cent for each month of full-time or part-time service that has been completed by the member after the last completed year of service referred to in paragraph (a),

ESR represents the equivalent service ratio of the member as at the date of the member’s retirement or discharge.

| First Column | Second Column | | Completed years of both full-time and part-time service of member | Amount per centum | | 20 | 48.500 | | 21 | 50.925 | | 22 | 53.350 | | 23 | 55.775 | | 24 | 58.200 | | 25 | 60.625 | | 26 | 63.050 | | 27 | 65.475 | | 28 | 67.900 | | 29 | 70.325 | | 30 or more | 72.750 |

(2) An annual superannuation allowance under subsection (1) shall not be payable to a member of the police force to whom an annual superannuation allowance is payable under section 10.

(3) If STC has made a determination under section 14AA in relation to an annual superannuation allowance payable under subsection (1), the amount of the allowance is reduced by the amount specified in STC’s determination.

Am 1951 No 49, sec 2 (a); 1955 No 35, sec 2 (a); 1960 No 57, sec 2 (2) (a); 1966 No 5, sec 2 (a); 1973 No 5, sec 3 (a). Subst 1974 No 46, sec 7 (a). Am 1979 No 133, Sch 1 (5); 1984 No 73, Sch 1 (10); 1985 No 211, Sch 1 (1); 1988 No 134, Sch 1 (3); 1996 No 39, Sch 4; 1997 No 42, Sch 1.4 [4]; 1998 No 72, Sch 1.2 [9] [10]; 2007 No 25, Sch 2 [12].