State Superannuation Regulations 2001
Part 4Retirement Income Scheme
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Part 4 — Retirement Income Scheme
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Scheme established 174
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Terms used 174
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Retirement Income Members, who may be 175
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Additional or replacement pensions, applying for 176
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When membership ceases 177
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Transfer of benefits to scheme by new Member 177
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Duty of Member starting additional pension to transfer benefits to scheme 178
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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
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Retirement income accounts for Members, Board to establish 180
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Sub‑accounts, Member may request etc. 180
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Amounts to be credited to retirement income accounts 181
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Amounts to be debited to retirement income accounts 182
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Earnings to be credited to Member’s account 184
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Terms used 185
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Investment plans for Members, Board to establish 185
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Default plan for Members 186
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Investment plan, Member to select etc. 186
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Board to invest in accord with Member’s plan 187
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Earning rates, determining 188
Division 6 — Pension and other benefits
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Frequency of pension payment, selection of 189
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Pension amount, selection of 190
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Pension, payment of by Board 190
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Member may request lump sum benefit 191
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Payment on death of Member, Member to select type of 193
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Binding death benefit nomination and payment of lump sum death benefit 193
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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