Victorian Numbered Acts Victorian Numbered Acts(1) In section 20C(2AB) of the Emergency Services Superannuation Act 1986 , for "the Table in subsection (2AC)" substitute "Table A in subsection (2AC) and, if section 20A(7A) applies, Table B in subsection (2ACA)".
(2) In section 20C(2AC) of the Emergency Services Superannuation Act 1986 , for "The Table" substitute "Table A".
(3) After section 20C(2AC) of the Emergency Services Superannuation Act 1986 insert —
"(2ACA) Table B referred to in subsection (2AB) is—
|
Contribution rate by contributor as percentage of salary of the contributor |
Annual accrual rate for each year of membership after 1 July 2019 if benefits are taxed |
Annual accrual rate for each year of membership after 1 July 2019 if benefits are untaxed |
|---|---|---|
|
9 |
32 |
36 |
|
10 |
35.5 |
40 |
".
(4) In section 20C(2AE)(a)(i) of the Emergency Services Superannuation Act 1986 , after "contributor" insert ", or if the contributor's maximum untaxed benefit multiple of 8.4 has been reduced under section 20T(4), the amount that the Board determines for the purposes of this section, on the advice of the actuary appointed by the Board".
(5) In section 20C(2AE)(b) of the Emergency Services Superannuation Act 1986 , after "contributor" insert ", or if the contributor has elected to take a transition to retirement pension under section 20T, the multiple of the salary of the contributor that applies under section 20T(4)".