5Benefit points to be credited to a transferred transport officer

5 Benefit points to be credited to a transferred transport officer

5 Benefit points to be credited to a transferred transport officer

(1) A transferred transport officer is, in respect of his or her service before 1 April 1989, entitled to a number of transferred benefit points calculated in accordance with the following formula:

where:

P represents the number of points to be calculated, and

Y represents the number of completed years of service, with the fractional part of any year calculated on the basis of completed calendar months.

(2) For each whole calendar month of service beginning on 1 April 1989, there accrues to each transferred transport officer one-twelfth of 2.3 benefit points.

(3) Subclause (2) has effect irrespective of the number of benefit points that may accrue to each officer as a result of the officer’s contributing to the Fund under clause 6.

(4) This clause is subject to clause 5A.

cl 5: Am 22.1.1993.