New South Wales Consolidated Acts

NEW SOUTH WALES RETIREMENT BENEFITS ACT 1972

- As at 23 September 2020 
- Act 70 of 1972 

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Name of Act
   2.      Commencement
   2A.     Closure of Fund
   3.      Definitions

   PART 2 - (Repealed)
   None

   PART 3 - EMPLOYEE CONTRIBUTIONS

   10.     Certain employees may elect to contribute to the Fund
   11.     Certain persons required to contribute to Fund
   12.     Certain classes of persons may elect to contribute to the Fund
   12A.    Contributors to State Superannuation Fund becoming employees
   13.     Contributions by certain persons aged sixty years or more at time of making election
   14.     Amount of benefit for which contributor must contribute
   15.     Variation of benefits and contributions
   16.     Periodic opportunities to elect to become a contributor
   17.     Certain moneys to be paid to Employees Reserve Account
   18.     Rates of contribution
   19.     Payment of contributions
   20.     Cessation of payment of contributions
   21.     Exemption from payment of contributions
   22.     Election following increase in wages between review date and age of sixty years
   23.     Effect of lapse of period between employment by successive employers
   24.     Contributor may make additional contributions

   PART 4 - BENEFITS

   25.     Definitions
   26.     Benefits
   27.     Alternative benefits
   27A.    Pension to be paid to eligible surviving spouse or de facto partner
   28.     Benefit for certain dependants
   29.     Alternative benefits for widow
   30.     Withdrawal benefit
   31.     Certain benefit must be not less than certain amount

   PART 4A - AUTOMATIC ADJUSTMENT OF PENSIONS

   31A.    Definitions
   31B.    Calculation of adjustment percentage
   31C.    Adjustment of pensions: general cases
   31D.    Adjustment of pensions: partial adjustment
   31E.    Special provisions applicable to certain classes of pensions
   31F.    Minimum amount to which pensions may be reduced
   31G.    Additional payment by employer
   31H.    Calculation of percentages

   PART 5 - EMPLOYER CONTRIBUTIONS

   32.     Payment of contributions by, and apportionment of contributions among, employers
   33.     Liability for initial credit
   34.     Payments by employer to reserve

   PART 6 - MANAGEMENT EXPENSES

           35-49. (Repealed)

   PART 7 - LOANS TO CONTRIBUTORS

   50.     (Repealed)

   PART 8 - ASSURANCE POLICIES

   51.     (Repealed)
   52.     Re-assignment by Board of policy of assurance

   PART 9 - GENERAL PROVISIONS

   53.     Moneys payable to and by the Board and interest thereon
   54.     Regulations
   55.     Provision of certain evidence
   56.     Board may require certain information
   57.     Benefits are not assignable etc
   58.     Payment without grant of probate etc
   59.     (Repealed)
   59A.    Suspension of part of pension in certain circumstances
   60.     Payment where beneficiary incapable
   60A.    Payment where beneficiary is missing
   61.     Medical examination
   62.     Eligibility to contribute to superannuation scheme
   63.     Introduction of new superannuation schemes prohibited in certain circumstances
   64.     Amendment of Schedules 2 and 2A
   65.     Elections and applications
   66.     Restoration of lost right etc under Act
   67.     Amendment of Act No 96, 1967
           68-72. (Repealed)
   73.     Election to convert certain pensions in 1977
   74.     Savings and transitional provisions
           SCHEDULE 1
           SCHEDULE 2
           SCHEDULE 2A
           SCHEDULE 3
           SCHEDULE 3A
           Schedule 4 (Repealed)
           SCHEDULE 4A
           SCHEDULE 5
           SCHEDULE 6