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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  Amended S 651/1998
Definitions of terms in regulations 9 and 10
10A.  For the purposes of regulations 9 and 10 —
(a)the specified monthly payment for a member shall be computed in accordance with the formula:
UNKNOWN
where the member is entitled to receive the specified monthly payment referred to in regulation 9(1) upon attaining the age of 60; or
UNKNOWN
where the member is entitled to receive the specified monthly payment referred to in regulation 9(1) upon attaining the age of 62;
(b)“inflation rate”, in relation to any specified year, means the inflation rate for that year as determined by the Department of Statistics; and
(c)the following abbreviations are used:
C is the amount maintained as the minimum sum in the member’s retirement account or in an approved bank;
M is the minimum sum applicable to the surviving or divorced member or spouse;
R is the amount maintained as the minimum sum, excluding that used for the purchase of the approved annuity;
S is the shortfall in the minimum sum applicable to the surviving or divorced member or spouse, as the case may be.
Informal Consolidation | Amended S 298/1999
Definitions of terms in regulations 9 and 10
10A.  For the purposes of regulations 9 and 10 —
(a)the specified monthly payment for a member shall be computed in accordance with the formula:
UNKNOWN
where the member is entitled to receive the specified monthly payment referred to in regulation 9(1) upon attaining the age of 60; or
UNKNOWN
where the member is entitled to receive the specified monthly payment referred to in regulation 9(1) upon attaining the age of 62;
(a)where the member is entitled to receive the specified monthly payment referred to in regulation 9(1) upon attaining the age of 62;
230C/30,000 x [1 + (i/100)] x [1 + (j/100)]
where i is the inflation rate for the calendar year 6 months immediately preceding the date on which the member attains the age of 55;
j is the inflation rate for the calendar year 6 months immediately preceding the date on which the member attains the age of 56; and
where i or j is in the negative, i or j will be computed as zero;
[S 298/99 wef 01/07/1999]
(b)“inflation rate”, in relation to any specified year, means the inflation rate for that year as determined by the Department of Statistics; and
(c)the following abbreviations are used:
C is the amount maintained as the minimum sum in the member’s retirement account or in an approved bank;
M is the minimum sum applicable to the surviving or divorced member or spouse;
R is the amount maintained as the minimum sum, excluding that used for the purchase of the approved annuity;
S is the shortfall in the minimum sum applicable to the surviving or divorced member or spouse, as the case may be.