Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Regulation 1997
32Eligible termination payment
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32 Eligible termination payment
32 Eligible termination payment
(1) For a Category 1, 2 or 7 elector, the eligible termination payment is the amount that would have been immediately payable to the person, in accordance with the rules of the transferor scheme, on the person’s resignation from his or her employment.
(2) For a Category 3 elector, the eligible termination payment is the sum of:
(a) the amount that would have been payable if, on the date the election takes effect, the person had elected to take the benefit payable under section 52I of the Superannuation Act 1916, and
(b) the amount of benefit to which the person was entitled on that date under the State Authorities Non-contributory Superannuation Act 1987.
(3) For a Category 4 elector, the eligible termination payment is the sum of:
(a) the amount that would have been payable if, on the date the election takes effect, the person had elected to take the benefit payable under section 43 (7) of the State Authorities Superannuation Act 1987, and
(b) the amount of benefit to which the person was entitled on that date under the State Authorities Non-contributory Superannuation Act 1987.
(4) For a Category 5 elector, the eligible termination payment is the sum of:
(a) the amount of benefit to which the elector would have been entitled under subrule 5.10.10 of Schedule 2 to the trust deed governing the electricity superannuation scheme if the elector had resigned from employment and had, on the date the election takes effect, made any necessary election under that Schedule, and
(b) the amount of benefit to which the person was entitled on that date under Schedule 3 to the trust deed governing the electricity superannuation scheme.
(5) For a Category 6 elector, the eligible termination payment is the sum of:
(a) the amount of cash termination benefit to which the elector would have been entitled under subrule 16.11 of Schedule 4 to the trust deed governing the electricity superannuation scheme if the elector had resigned from employment and had, on the date the election takes effect, made any necessary election under that Schedule, and