State Authorities Superannuation (Transitional Provisions) Regulation 1988
21Contribution rates
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21 Contribution rates
21 Contribution rates
(1) A transferred contributor may contribute to the new Fund at a rate of contribution which is not 1, 2, 3, 4, 5, 6, 7, 8 or 9 per cent of the transferred contributor’s salary, but no such contributor may contribute to that Fund more than 9 per cent of his or her salary.
(2) A transferred contributor who does not, before 31 December in any year, make an election under section 27 of the current Act (variations of contribution rate) shall be taken to have made such an election specifying, in accordance with subsection (2) (b) of that section, a rate equal to the rate which applied in respect of that contributor on that date.
(3) A transferred contributor referred to in subclause (1) who wishes to make an election under section 27 of the current Act may make that election by specifying the number of benefit points to be accrued for a superannuation year.
(4) An election made in accordance with subclause (3) shall be taken to specify a rate per cent of the transferred contributor’s salary sufficient to increase by the number of benefit points specified in the election the accrued benefit points for the superannuation year concerned.