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 230C/30,000; and
[S 387/2004 wef 01/07/2004]
(b)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.