Definitions of terms in regulations 9 and 10
11.  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
(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;
 
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.