(2) The annual rate
of associate additional pension payable to a non-member spouse to whom
subsection 146MB (3) of the Act applies is calculated as follows:
Step 1 |
Identify the transfer amount in relation to the non-member spouse. |
Step 2 |
Subtract the amount worked out in step 3 in subsection 2.05 (2) from the transfer amount. |
Step 3 |
Work out a pension factor ( F _{y+m }) based on the non-member spouse's gender
and age, using the formula: |
F _{y+1 } is the valuation factor mentioned in Table 2 in Schedule 2 that would
apply, at the operative time, if the non-member spouse's gender and age in
completed years were one year more than they are at the operative time
(represented by y + 1 ). | |
Step 4 |
Divide the amount worked out in step 2 by the pension factor worked out in
step 3. |