42AADeferral of benefit on retrenchment before early retirement age

42AA Deferral of benefit on retrenchment before early retirement age

42AA Deferral of benefit on retrenchment before early retirement age

(1) A contributor who becomes entitled to be paid a benefit under section 42 may elect—

(a) to take the benefit as provided by that section, or

(b) to defer in the Fund a benefit calculated in the same way as the benefit provided by that section.

(2) The provisions of section 43 (except section 43 (6)) apply in relation to a benefit deferred under this section in the same way as they apply in relation to a benefit deferred under that section.

(3) (Repealed)

s 42AA: Ins 1992 No 35, Sch 2. Am 1993 No 111, Sch 5 (17); 1998 No 144, Sch 2.4 [7] [8].