(1) Subject to
regulations 42 and 49, if a Gold State Super Member who is under 60 ceases to
be an eligible Gold State worker because of partial and permanent disablement
the Board is to pay the Member a benefit of an amount equal to B in the
formula —
where —
R is the Member’s final remuneration; and
M is the number of complete months in the
Member’s contributory membership period; and
C is the Member’s average contribution rate;
and
E is the annual amount of the remuneration that
the Board considers the Member has the capacity to earn after becoming
disabled; and
F is the number of complete months from the day
the Member ceased to be an eligible Gold State worker to the day when the
Member will turn 60.
(2) For the purpose of
determining the value of E in the formula in subregulation (1) the
Board —
(a) may
obtain and have regard to advice from any person the Board considers
appropriate; and
(b) is
to take into account the possibility of work in either the public sector or
the private sector.