State Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1990
25Debiting of accounts—payment of supplementary benefits
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25 Debiting of accounts—payment of supplementary benefits
25 Debiting of accounts—payment of supplementary benefits
(1) Whenever the Board makes a payment in accordance with clause 24, the Board must debit the appropriate employer reserve with the amount of the payment.
(2) An additional benefit paid under clause 24A is to be regarded as an “additional benefit” for the purposes of the current Act and the Board must:
(a) debit one-quarter of the amount of that benefit to the Additional Benefit Reserve Fund, and
(b) debit the balance to the appropriate employer reserve.
cl 25: Am 8.1.1993.