AustLII Tasmanian Numbered Regulations

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RETIREMENT BENEFITS (PARLIAMENTARY SUPERANNUATION) REGULATIONS 2012 (S.R. 2012, NO. 119) - REG 51

Division 3 - Contributions Contributions by members

(1)  Except as provided in regulation 52 , a member to whom this Part applies must contribute to the PRB Fund as provided in this regulation.
(2)  A member's contributions must comprise a sum calculated at the rate of –
(a) in respect of his or her first 20 years' service as a member, 9% of the annual amount for the time being of his or her parliamentary salary; and
(b) in respect of any service after his or her first 20 years' service as a member, 9% of the annual amount for the time being of any part of his or her parliamentary salary that exceeds his or her basic salary.



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