Public Authorities Superannuation (Metropolitan Water Sewerage and Drainage Board “A” Class Subsidised Assurance Scheme Transfer) (Savings and Transitional) Regulation 1986
5Benefit points to be credited
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Turn the raw legal text into a practical explanation grounded in Public Authorities Superannuation (Metropolitan Water Sewerage and Drainage Board “A” Class Subsidised Assurance Scheme Transfer) (Savings and Transitional) Regulation 1986.
5 Benefit points to be credited
5 Benefit points to be credited
The number of transferred benefit points for a transferred contributor is the number calculated in accordance with the formula:
where:
T represents the number of points to be ascertained, and
S represents the number of complete months of the contributor’s service within the period commencing on 1 July 1974, and ending on the day determined by the Board under clause 4 (2) in relation to the election by the contributor to contribute to the Fund.
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