22Debiting of accounts—transferred contributors who were formerly Benefits Fund contributors

22 Debiting of accounts—transferred contributors who were formerly Benefits Fund contributors

22 Debiting of accounts—transferred contributors who were formerly Benefits Fund contributors

(1) Whenever the Board pays a benefit in accordance with clause 19 (minimum benefit for transferred contributors who were formerly Benefits Fund contributors) to or in respect of a transferred contributor who is a former contributor to the Benefits Fund, the Board must debit the appropriate employer reserve with the difference between the amount of the benefit paid and the amount that, but for that clause, would have been payable to or in respect of the contributor under the current Act.

(2) Whenever the Board pays a benefit in accordance with clause 20 (minimum benefit for certain specially qualified transferred contributors who were formerly Benefits Fund contributors) in respect of a transferred contributor who is a former contributor to the Benefits Fund, the Board must:

(a) debit the Additional Benefit Reserve Fund with the amount of the additional benefit which would have been payable in respect of the contributor if an additional benefit had been paid under the current Act, and

(b) debit the remainder to the appropriate employer reserve.