Schedule 4Calculation of deferred accrued benefit for non-contributing employees

# Schedule 4 Calculation of deferred accrued benefit for non-contributing employees Schedule 4 Calculation of deferred accrued benefit for non-contributing employees (Section 26E) The deferred accrued benefit provided by Part 4A for an employee is an amount calculated in accordance with whichever of the following provisions is appropriate in the particular case— Part 1 Employees other than irregular employees %20AND%20(No%3D212)%20AND%20(Year%3D1987)%20AND%20(%22Historical%20Document%22%3D0))/g2.gif) where— FAS\= the employee’s final average salary (as defined in section 21), and Y\= the years of eligible service on a daily basis, commencing on or after the appointed day and ending on 30 June 1992. Part 2 Irregular employees %20AND%20(No%3D212)%20AND%20(Year%3D1987)%20AND%20(%22Historical%20Document%22%3D0))/g3.gif) where— B\= the basic benefit that would have been provided by section 22 if the employee had ceased to be an employee by reason of resignation on 1 July 1992, and AWOTE factor\= the factor calculated as set out below (for the purpose of indexing the benefit (B) in line with movements in average weekly earnings between 30 June 1992 and the final payment/preservation date for the benefit). The final payment/preservation date for the benefit is the date on which the benefit is payable under section 23 or on which it is required to be preserved under section 24, whichever happens first. *Calculation of AWOTE factor* The AWOTE factor is calculated by dividing the AWOTE applicable as at the final payment/preservation date for the benefit by the June 1992 AWOTE. If the AWOTE factor works out to be a number less than 1, it is instead to be taken to be 1. The AWOTE applicable at the final payment/preservation date for the benefit is the dollar amount last published before that date by the Australian Statistician under the [Census and Statistics Act 1905](http://www.legislation.gov.au/) of the Commonwealth as the amount of average weekly ordinary time earnings. The June 1992 AWOTE is the dollar amount last published before 30 June 1992 by the Australian Statistician under the [Census and Statistics Act 1905](http://www.legislation.gov.au/) of the Commonwealth as the amount of average weekly ordinary time earnings. **sch 4:** Ins 1992 No 102, Sch 4 (3).