New South Wales Consolidated Acts

POLICE REGULATION (SUPERANNUATION) ACT 1906 - SECT 7AA

7AA Superannuation allowance on early retirement

(2) Subject to subsection (2B), the annual superannuation allowance for a member of the police force who retires on or after reaching the age of 55 years and before reaching the age of 60 years is the amount calculated in accordance with the following formula--

"P" represents the annual superannuation allowance payable.

"S" represents the member's attributed salary of office at the date of retirement.

"V" represents the total number of months of both full-time and part-time service that has been completed by the member (subject to a maximum of 360 months of equivalent full-time service).

"A" represents the age of the member at the date of retirement (expressed in months).

"ESR" represents the equivalent service ratio of the member as at the date of the member's retirement.

(2A) For the purposes of V in the formula in subsection (2), if the total number of months of both full-time and part-time service is not a whole number of months, any part of a month is to be disregarded.

(2AA) For the purposes of A in the formula in subsection (2), a part of a month of age is to be disregarded.

(2B) If STC has made a determination under section 14AA in relation to an annual superannuation allowance payable under subsection (2), the amount of the allowance is reduced by the amount specified in STC's determination.

(3) An annual superannuation allowance under subsection (2) shall not be payable--

(b) to a member of the police force to whom an annual superannuation allowance is payable under section 7 or 10.