20Members' superannuation pensions

### 20 Members' superannuation pensions > > (1)  Subject to this Part, a person – > > > > > > (a) who, having been a member to whom this Part applies, ceases – > > > > > > > > > > (i) to be a member; and > > > > > > > > > > > (ii) to be entitled to a parliamentary salary; and > > > > > > > (b) whose period of service as a member is not less than 8 years – > > > > is entitled to a pension calculated in accordance with the following provisions of this regulation. > > > (2)  A pension is payable to a person to whom [subregulation (1)](#GS20@Gs1@EN) relates if, but only if, that person's period of service as a member is 15 years or more and he or she ceases, for any reason, to be a member. > > > (3)  If a person who – > > > > > > (a) at the date of retirement is aged 65 years or less; or > > > > > > > (b) having attained the age of 65 years has continued to make contributions to the PS Fund and has not attained the age of 70 years – > > > > is entitled to a pension under this regulation, the pension is payable at a rate ascertained in accordance with the following formula: > > > > [](/image/abc.gif) > > > > where – > > > > > ***A*** represents an amount calculated at a rate equal to the appropriate percentage of the amount of the basic salary; > > > > > ***B*** represents the total amount paid to him or her by way of parliamentary salary in respect of his or her relevant periods of service as a member; > > > > > ***C*** represents the total amount that would have been so payable to a member in respect of those periods if, throughout those periods, he or she had been a member who held no other office in respect of which a parliamentary salary was payable. > > > (4)  If a person who at the date of retirement has attained the age of 70 years and elected on attaining the age of 65 years to continue making contributions to the PS Fund after the age of 65 years, that person is entitled to a pension under this regulation payable at a rate determined in accordance with the following formula: > > > > [](/image/peef27.gif) > > > > where – > > > > > ***P*** represents the pension payable under this subregulation; > > > > > ***E*** represents a pension calculated in accordance with the formula in [subregulation (3)](#GS20@Gs3@EN) ; > > > > > ***F*** represents a pension calculated in accordance with the formula in [subregulation (3)](#GS20@Gs3@EN) as if the person had retired on ceasing to pay contributions. > > > (5)  If a person – > > > > > > (a) has at the date of retirement attained the age of 65 years; and > > > > > > > (b) has not made contributions in respect of service after that age – > > > > and is entitled to a pension under this regulation, the pension is payable at a rate determined in accordance with the following formula: > > > > [](/image/peef27.gif) > > > > where – > > > > > ***P*** represents the pension payable under this subregulation; > > > > > ***E*** represents a pension calculated in accordance with the formula in [subregulation (3)](#GS20@Gs3@EN) ; > > > > > ***F*** represents a pension calculated in accordance with the formula in [subregulation (3)](#GS20@Gs3@EN) as if the person had retired on attaining the age of 65 years. > > > (6)  If – > > > > > > (a) a person is entitled to a pension under this regulation; and > > > > > > > (b) his or her relevant periods of service as a member are 20 years or more – > > > > > > that person is entitled to be paid a further benefit by way of a lump sum payment as the Commission may determine on the advice of the Actuary, who is to have regard to – > > > > > > > (c) the pension attributable to any portion of the person's service in excess of 20 years; and > > > > > > > (d) the minimum benefits prescribed under the SG Act. > > > (7)  For the purposes of [subregulation (3)](#GS20@Gs3@EN) , the appropriate percentage, in respect of a person to whom a pension is payable under this regulation, is the percentage specified in the second column of [Schedule 2](#JS2@EN) opposite to such period of service specified in the first column of that Schedule as corresponds to that person's period of service as a member, as at the day on which he or she ceases to be a member. > > > (8)  Despite [subregulation (7)](#GS20@Gs7@EN) , if a person to whom this regulation applies ceases to be a member, the appropriate percentage for the purposes of [subregulation (3)](#GS20@Gs3@EN) is to be the appropriate percentage ascertained in accordance with [subregulation (7)](#GS20@Gs7@EN) and [Schedule 2](#JS2@EN) increased by one-twelfth of the difference between – > > > > > > (a) that percentage; and > > > > > > > (b) the next percentage specified in [Schedule 2](#JS2@EN)  – > > > > for each complete month by which the period of service of that person exceeded the minimum period of service required to obtain the appropriate percentage ascertained in accordance with [subregulation (7)](#GS20@Gs7@EN) and [Schedule 2](#JS2@EN) . > > > (9)  For the purposes of [subregulation (3)](#GS20@Gs3@EN) , any period of service as a member since the commencement of the 1973 Act is a relevant period of service as a member. > > > (10)  References in [subregulation (3)](#GS20@Gs3@EN) to the parliamentary salary of a person are taken to include references to the remuneration paid to him or her under the [Parliamentary Salary and Allowances Act 1962](/view/html/inforce/2026-04-12/act-1962-010) or the [Parliamentary Salaries, Superannuation and Allowances Act 1973](/view/html/inforce/2026-04-12/act-1973-027) otherwise than by way of an electorate allowance, an entertainment allowance or a travelling allowance.