CTHIn ForceAct
Social Security Act 1991
93DHow to calculate the amount of pension bonus
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#### 93D How to calculate the amount of pension bonus
(1) To calculate the amount of a person’s pension bonus:
(a) work out which of the person’s bonus periods count as qualifying bonus periods (see section 93E);
(b) work out the person’s overall qualifying period (see section 93F);
(c) work out the person’s pension multiple (see section 93G);
(d) work out the person’s annual pension rate (see section 93H);
(e) apply the appropriate formula in section 93J.
> Note: Bonus period is defined by section 92T.
(2) For the purposes of this Division, a number of years is to be calculated to 3 decimal places. However, if a number worked out in accordance with this subsection would, if it were calculated to 4 decimal places, end in a digit that is greater than 4, the number is to be increased by 0.001.