Tasmanian Consolidated Regulations

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PUBLIC SECTOR SUPERANNUATION REFORM REGULATIONS 2017 - REG 184

Former scheme benefit
(1)  Subregulation (2) applies in relation to a member if –
(a) the member was a member of the Fire Brigades Scheme for whom there was a special policy in force under that Scheme; and
(b) the proceeds of the Fire Brigades Scheme were transferred to the former superannuation scheme; and
(c) the member retires, dies, suffers a permanent incapacity or leaves the service for any other reason.
(2)  If this subregulation applies in relation to a member, there is payable to or for the benefit of the member, in addition to any other benefit, an amount determined in accordance with this regulation.
(3)  The amount payable under subregulation (2) in respect of a member who retires, dies, suffers a permanent incapacity or resigns from the service is an amount equal to the proceeds transferred to the former superannuation scheme from the Fire Brigades Scheme in respect of that member, increased by the ratio of the member’s salary at the date of the member’s retirement, death, permanent incapacity or resignation to the member’s salary at 1 October 1973.
(4)  The amount payable under subregulation (2) in respect of a member who ceases to be an employee for a reason other than retirement, death, permanent incapacity or resignation is an amount equal to the proceeds transferred to the former superannuation scheme from the Fire Brigades Scheme in respect of the member.


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