VICIn ForceAct
State Employees Retirement Benefits Act 1979
74DPayment of lump sum benefits
Start here
Get a plain-English read of 74D
Turn the raw legal text into a practical explanation grounded in State Employees Retirement Benefits Act 1979.
74D Payment of lump sum benefits
If a lump sum benefit (not being a payment under section 60A) to which a person is entitled is not paid on the date on which the person becomes entitled to the lump sum benefit, the person is entitled to receive interest at the interest rate determined by the Board under section 37(1)(a) from the date of entitlement until the lump sum benefit is paid.
S. 75
inserted by No. 81/1988 s. 24.