Part 4Retirement Income Scheme

Part 4 — Retirement Income Scheme 170. Scheme established 174 171. Terms used 174 172. Retirement Income Members, who may be 175 173. Additional or replacement pensions, applying for 176 174. When membership ceases 177 175. Transfer of benefits to scheme by new Member 177 176. Duty of Member starting additional pension to transfer benefits to scheme 178 177. Transfers required or permitted when Member starts replacement pension 179 177A. Transfers to be directly to scheme 180 178A. Restriction on contributions and transfers 180 Division 4 — Retirement income accounts 178. Retirement income accounts for Members, Board to establish 180 179. Sub‑accounts, Member may request etc. 180 180. Amounts to be credited to retirement income accounts 181 181. Amounts to be debited to retirement income accounts 182 182. Earnings to be credited to Member’s account 184 183. Terms used 185 184. Investment plans for Members, Board to establish 185 185. Default plan for Members 186 186. Investment plan, Member to select etc. 186 187. Board to invest in accord with Member’s plan 187 188. Earning rates, determining 188 Division 6 — Pension and other benefits 189. Frequency of pension payment, selection of 189 190. Pension amount, selection of 190 191. Pension, payment of by Board 190 192. Member may request lump sum benefit 191 193. Payment on death of Member, Member to select type of 193 194. Binding death benefit nomination and payment of lump sum death benefit 193 195. Reversionary pension, effect of selecting 195 196AA. Payments in respect of former temporary residents under the Commonwealth Unclaimed Money Act Part 3A 195 196AB. Payments in respect of lost member accounts under the Commonwealth Unclaimed Money Act Part 4A 196 196AC. Transfer of benefit under the Commonwealth Unclaimed Money Act Part 3 196 196AD. Payments in accordance with release authority 197 196AE. Benefits applied for, but unpaid, at Member’s death 197