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Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Regulation 1997
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Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Regulation 1997
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Turn the raw legal text into a practical explanation grounded in Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Regulation 1997.
20 Eligible employees and contributors
The following persons are eligible to exercise a transfer option:
(a) a Category 1 elector—that is, a person who, on the appointed day, was (or, after the appointed day, became) a contributor to the State Superannuation Scheme or to the State Authorities Superannuation Scheme and who, in accordance with clause 22, is taken to have transferred employment,
(b) a Category 2 elector—a person who, on the appointed day, was (or, after the appointed day, became) a contributor to Division B or D of the electricity superannuation scheme and who, in accordance with clause 23, is taken to have transferred employment,
(c) a Category 3 elector—a person who, on or after the appointed day, held deferred benefits in both the State Superannuation Scheme and the State Authorities Non-contributory Superannuation Scheme in relation to the same period of employment and who, in accordance with clause 24, is taken to have transferred employment,
(d) a Category 4 elector—a person who, on or after the appointed day, held deferred benefits in both the State Authorities Superannuation Scheme and the State Authorities Non-contributory Superannuation Scheme in relation to the same period of employment and who, in accordance with clause 25, is taken to have transferred employment,
(e) a Category 5 elector—a person who, on or after the appointed day, held deferred benefits in each of Divisions B and C of the electricity superannuation scheme in relation to the same period of employment and who, in accordance with clause 26, is taken to have transferred employment,
(f) a Category 6 elector—a person who, on or after the appointed day, held deferred benefits in each of Divisions C and D of the electricity superannuation scheme in relation to the same period of employment and who, in accordance with clause 27, is taken to have transferred employment,
(g) a Category 7 elector—a person who, on or after 1 July 1997, was a contributor to the Police Superannuation Scheme and who, in accordance with clause 27A, is taken to have transferred employment.
Note—
This clause allows (subject to the employment continuity restrictions imposed by Division 3):
(a) transfers from STC schemes to the electricity superannuation scheme by a member of an STC scheme who leaves a public sector employer prescribed for the purposes of the relevant STC scheme to take up employment with an electricity employer, and
(b) transfers from the electricity superannuation scheme to STC schemes by a member of the electricity superannuation scheme who was previously a member of an STC scheme and who leaves an electricity employer to take up employment with a public sector employer prescribed for the purposes of the relevant STC scheme.
cl 20: Ins 1.10.1999. Am 13.12.2002; 7.11.2003.