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STATUTES AMENDMENT (TRANSITION TO RETIREMENT--STATE SUPERANNUATION) ACT 2008 (NO 4 OF 2008) - SECT 14

14—Insertion of section 40B

After section 40A insert:

40B—Interaction with judicial remuneration or pension entitlements

        (1)         If a person would, but for this subsection, be entitled to—

            (a)         the payment of a pension under this Act; and

            (b)         the payment of—

                  (i)         salary as a Judge for judicial service; or

                  (ii)         a judicial-related pension,

the right to the payment of a pension under this Act is suspended.

        (2)         Subject to this section, the Board will, on the application of a person whose pension is suspended under subsection (1), commute the entitlement to the pension to a lump sum payment.

        (3)         An application for commutation must be made—

            (a)         in the case of a suspension under subparagraph (i) of subsection (1)(b)—within 6 months after the pension is suspended due to the circumstances applying under that subparagraph;

            (b)         in the case of a suspension under subparagraph (ii) of subsection (1)(b)—within 3 months after the pension is suspended due to the circumstances applying under that subparagraph.

        (4)         If—

            (a)         an application is not made under subsection (3)(a); and

            (b)         the person ceases to receive salary as a Judge for judicial service without an entitlement to a judicial-related pension,

the suspension will cease.

        (5)         If an application is not made under subsection (3)(b) within the period that applies under that provision, it will be taken that the person has made the application in any event.

        (6)         In making the commutation, commutation factors promulgated by regulation will be applied.

        (7)         In this section—

"Judge" has the same meaning as in the Judges' Pensions Act 1971 ;

"judicial-related pension" means a pension under the Judges' Pensions Act 1971 ;

"judicial service" has the same meaning as in the Judges' Pensions Act 1971 .



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