45Duration of pensions

45 Duration of pensions

45 Duration of pensions

(1) If a pension under clause 41 (employer-financed pension—normal retirement with reversion) or clause 43 (employer-financed pension—invalidity with reversion) is payable—

(a) that pension is payable during the lifetime of the transferred contributor, and

(b) on the death of that contributor, a pension is payable to the spouse or de facto partner of that contributor for life at an annual rate equal to 62.5% of the annual rate of pension that was payable to that contributor immediately before that death.

(2) If a pension under clause 40 (employer-financed pension—normal retirement without reversion) or clause 42 (employer-financed pension—invalidity without reversion) is payable, that pension is payable only during the lifetime of the transferred contributor concerned.

(3) If a pension under clause 44 (employer-financed pension—spouse or de facto partner) is payable, that pension is payable only during the lifetime of the spouse or de facto partner of the transferred contributor concerned.

(4) In this clause—

spouse or de facto partner, in relation to a pension payable under clause 41, 43 or 44, means the person who was the spouse or de facto partner of the transferred contributor concerned at the time when the election to take the pension was made.

cl 45: Am 28.3.2003.