Gold State Super Member definition
Examples of Gold State Super Member in a sentence
Total and permanent disablement benefit, amount ofSubject to regulations 42 and 49, if a Gold State Super Member who is under 60 ceases to be an eligible Gold State worker because of total and permanent disablement the Board is to pay the Member a benefit equal to the benefit that would have been payable under regulation 39 if the Member had died on the day the Member ceased to be an eligible Gold State worker.41.
If a binding death benefit nomination is in force in respect of a Gold State Super Member when the Member dies, the Board must pay the Member’s death benefit in accordance with the nomination unless any person specified in the nomination as a person to whom all or any percentage of the death benefit is to be paid — (a) cannot be found after the Board has made reasonable enquiries; or (b) is not a permitted nominee of the Member at the time of the Member’s death.
If a Gold State Super Member who is 55 or over ceases to be an eligible Gold State worker and no benefit is payable under regulations 39 to 43 the Board is to pay the Member a benefit of an amount equal to B in the formula —B = R × M × C × 20 where —12 5 100R is the Member’s final remuneration;M is the number of complete months in the Member’s contributory membership period; andC is the Member’s average contribution rate.
Subject to regulations 42 and 49, if a Gold State Super Member who is under 60 ceases to be an eligible Gold State worker because of total and permanent disablement the Board is to pay the Member a benefit equal to the benefit that would have been payable under regulation 39 if the Member had died on the day the Member ceased to be an eligible Gold State worker.
Meaning of “final remuneration” (regulation 16)For the purpose of determining the value of D in the formula in the definition of “final remuneration” in regulation 16(1), a continuing Gold State Super Member is taken to have been a Gold State Super Member on each day on which he or she was a member of the 1987 scheme.
A current exercise of discretion by the Treasurer undersection 49(1)(a) of the GES Act deeming a continuing Gold State Super Member to have a greater contributory period than he or she would otherwise have had, continues as a direction under regulation 14(3) that the Member is to be treated as having a longercontributory membership period than he or she would otherwise have.
If a Gold State Super Member who is 55 or over ceases to be a worker and no benefit is payable under regulations 39 to 43 the Board is to pay the Member a benefit of an amount equal to B in the formula —B = R M C 20 where —12 5 100R is the Member’s final remuneration; andM is the number of complete months in the Member’s contributory membership period; andC is the Member’s average contribution rate.[Regulation 38 amended: Gazette 6 Jun 2007 p.
Total and permanent disablement benefitSubject to regulations 42 and 49, if a Gold State Super Member who is under 60 ceases to be an eligible Gold State worker because of total and permanent disablement the Board is to pay the Member a benefit equal to the benefit that would have been Compare 05 Nov 2010 [04-a0-02] / 12 Feb 2011 [04-b0-02] page 43State Superannuation Regulations 2001Part 2 Gold State Super SchemeDivision 4 Benefits r.
In this Part: Gold State Super Member has the meaning given by regulation 3 of the State Superannuation Regulations.
Total and permanent disablement benefitSubject to regulations 42 and 49, if a Gold State Super Member who is under 60 ceases to be an eligible Gold State worker because of total and permanent disablement the Board is to pay the Member a benefit equal to the benefit that would have been Compare 12 Feb 2011 [04-b0-02] / 11 May 2011 [04-c0-02] page 43State Superannuation Regulations 2001Part 2 Gold State Super SchemeDivision 4 Benefits r.