AustLII Tasmanian Numbered Regulations

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RETIREMENT BENEFITS (PARLIAMENTARY SUPERANNUATION) REGULATIONS 2012 (S.R. 2012, NO. 119) - REG 59

Calculation of final salary

For the purposes of this Part, the final salary of a member to whom this Part applies is to be determined in the following manner:
(a) in the case of a member who has not, during any time in his or her period of service as a member, been in receipt of an additional salary, the basic salary payable to the member at the date when his or her service as a member ceased;
(b) in the case of a member who has, at some time in his or her period of service as a member, been in receipt of an additional salary, an amount calculated in accordance with the following formula:
graphic image
where –
FS is the final salary to be calculated;
A is the basic salary payable to the member at the date when his or her service as a member ceased;
B is the total parliamentary salary that would have been received by the member during his or her period of service as a member calculated at the rates applicable at the date when his or her service as a member ceased;
C is the total basic salary that would have been received by the member during his or her period of service as a member calculated at the rate applicable at the date when his or her service as a member ceased.
Subdivision 2 - Retiring benefits



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