Public Sector Superannuation Reform Regulations 2017
125Investment income reserve account
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125 Investment income reserve account
(1) The Commission may establish within the TASS Fund an investment income reserve account.
(2) If an investment income reserve account is established under subregulation (1) , any surplus or deficit investment income in the TASS Fund may be credited to, or debited from, the account and distributed to, or deducted from, members’ accounts.
(3) If, at the end of a financial year, the investment income reserve account established under subregulation (1) is in surplus, the Commission must determine, on the advice of the Actuary, whether or not to distribute all or part of the surplus to members by way of an adjustment to investment returns or by way of transfer to the TASS Fund.
(4) If, at the end of a financial year, the investment income reserve account established under subregulation (1) is in deficit, the Commission must, on the advice of the Actuary, reduce members’ account balance by way of adjustment to investment returns or by way of transfer from the TASS Fund.