New South Wales Repealed Regulations New South Wales Repealed RegulationsThis legislation has been repealed.
If a benefit, other than a benefit arising as the result of the death of the contributor, becomes payable under section 37 of the Act, the reduction in benefit prescribed for the purposes of section 45A of the Act (but limited to the matters referred to in section 45A (2) of the Act) is the amount calculated in accordance with the following formula:
"R" represents the amount of the reduction.
"A" represents the accrued benefit points for the contributor at the contributor's exit date.
"B" represents the period in days of continuous contributory service that began on the taxable date.
"C" represents the period in days of continuous contributory service for the contributor.
"F" represents the contributor's final average salary.
