11Reduction for transferred contributor under 1989 regulation

11 Reduction for transferred contributor under 1989 regulation

11 Reduction for transferred contributor under 1989 regulation

(1) This section applies to a transferred contributor within the meaning of the State Authorities Superannuation (State Public Service Superannuation Scheme Transfer) (Savings and Transitional) Regulation 1989.

(2) For the Act, section 45A(2)(b), if the benefit of a transferred contributor is reduced in accordance with a formula set out in section 6, 7 or 9, the multiple “0.025” in the formula must be read as “0.03”.