Superannuation Administration (Local Government Superannuation Scheme Transitional Provisions) Regulation 1997
34Primary amount
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34 Primary amount
34 Primary amount
(1) For a Category 1, 3 or 4 elector, the primary amount is the amount determined by STC on actuarial advice to be the value of the person’s accrued benefit in the State Superannuation Scheme or the State Authorities Superannuation Scheme at the time of the election.
(2) For a Category 2, 5 or 6 elector, the primary amount is the amount determined by the trustee of the transferor scheme on actuarial advice to be the value of the person’s accrued benefit in Division B or D of the local government superannuation scheme, as the case may be, at the time of the election.
(3) For a Category 7 elector, the primary amount is the amount determined by STC on actuarial advice to be the value of the person’s accrued benefit in the Police Superannuation Scheme at the time of the election.
cll 33–35: Ins 1.10.1999. Am 13.12.2002.