South Australian Numbered Regulations

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POLICE SUPERANNUATION VARIATION REGULATIONS 2015 (NO 5 OF 2015) - REG 7

7—Insertion of regulation 12AAA

After regulation 12 insert:

12AAA—Inclusion of allowance as component of salary

        (1)         Despite any other regulation (and despite any provision to the contrary in the Act), the Flexibility Allowance payable under the South Australia Police Enterprise Agreement 2011 will be included as a component of salary for the purposes of determining benefits payable to a contributor who has received the allowance during his or her membership of the Scheme in accordance with the following formula:

2015.5.UN00.jpg

where—

"FS" is the salary

"S 1 " is the contributor's actual or attributed salary, excluding the allowance, immediately before the cessation of his or her employment

"S 2 " is the contributor's actual or attributed salary, including the allowance, immediately before the cessation of his or her employment

"CM" is the number of contribution months in the contributor's contribution period

"X" is the number of contribution months in that part of the contributor's contribution period during which the contributor was in receipt of the allowance (with any part of a contribution month being taken to be a full contribution month).

        (2)         In this regulation—

"salary" means salary as defined in the second definition of "salary" in section 4(1) of the Act.



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