(1) For the purpose of applying the definition of accrued benefit points in section 36 of the current Act (definitions) to a transferred contributor, that definition shall be construed as if the reference in it to contributed points figures included a reference to the total of the contributed points figures calculated in relation to that contributor under the earlier Act on 31 March 1988 but multiplied by 0.72.
(1) This clause applies to a transferred contributor who, in the opinion of the Board, has received, or will receive—
(a) in the case of a transferred contributor whose service was terminated, or who died, before 1 July 1993—a gratuity under section 97 of the , or Local Government Act 1919 (b) in the case of a transferred contributor whose service is terminated, or who dies, on or after that date—a similar gratuity, being a gratuity paid or to be paid by the council as an act of grace on the death or termination of service of an employee of the council and calculated by reference to the period of the employee’s service with the council. (2) Where the employer-financed benefit payable in respect of a transferred contributor to whom this clause applies is determined without reference to the notional accumulation of that contributor, the amount determined in accordance with subclause (3) shall—
(a) be deducted from the employer-financed benefit otherwise payable under the current Act, and (b) be paid by the Board to the employer who employed that contributor on that contributor’s exit date. (3) For the purposes of subclause (2), the amount is—
(a) 0, or (b) an amount calculated in accordance with the formula set out in subclause (4), whichever is the greater.
(1) This clause applies to a transferred contributor who—
(a) was, immediately before becoming a contributor to the earlier Fund, a contributor to the Superannuation Benefits Fund established under section 15S of the former Act, and (b) becomes covered for the additional benefit under the current Act or, by virtue of clause 4 (transferred contributors), is taken to be covered for that additional benefit.
(1) If a pension under clause 41 (employer-financed pension—normal retirement with reversion) or clause 43 (employer-financed pension—invalidity with reversion) is payable—
(a) that pension is payable during the lifetime of the transferred contributor, and (b) on the death of that contributor, a pension is payable to the spouse or de facto partner of that contributor for life at an annual rate equal to 62.5% of the annual rate of pension that was payable to that contributor immediately before that death.
(1) In this clause— dependent child , in relation to a deceased transferred contributor, means—
(a) a child of that contributor who has not attained 16 years of age, or (b) a child of that contributor, who has attained 16 years of age but not 25 years of age and who is, in the opinion of the Board, receiving full-time education at a school, college or university and not ordinarily employed or engaged in working for remuneration, and who in either case was, in the opinion of the Board, wholly or substantially dependent on the transferred contributor immediately before that contributor’s death. notional pension , in relation to the spouse or de facto partner of a deceased transferred contributor or pensioner, means—
(a) where the spouse or de facto partner is entitled to receive the pension provided by clause 41 (employer-financed pension—normal retirement with reversion), the pension that would have been payable to the deceased if he or she had elected to take the pension so provided and had lived, or (b) where the spouse or de facto partner is entitled to receive the pension provided by clause 44 (employer-financed pension—spouse or de facto partner), the pension that would have been payable to the deceased if he or she had suffered total and permanent invalidity instead of death and had elected to take the pension provided by clause 43 (employer-financed pension—invalidity with reversion). pensioner means a person entitled to receive a pension payable in accordance with clause 15 (pension rights—exit after age 60), clause 16 (pension rights—total and permanent invalidity) or clause 17 (pension rights—death).transferred contributor means a person who has become a contributor by virtue of clause 3 of Schedule 3 to the current Act (savings and transitional provisions) after having become a contributor to the earlier Fund by virtue of the operation of Schedule 6 to the earlier Act (transitional provisions—Local Government Pension Fund).(2) The provisions of this clause apply to the spouse or de facto partner of a deceased pensioner in the same way as they apply to the spouse or de facto partner of a deceased transferred contributor.
(1) For the purposes of the definition of adjustment percentage in clause 47 (1), the percentage for an adjustment period is to be calculated—
(a) if, in relation to the adjustment period beginning on 1 January 1989, the index number for the June quarter in that period was greater than the index number for the immediately preceding December quarter or, if in relation to the adjustment period beginning on 1 July 1989 or 1 July in any subsequent year, the index number for the June quarter was greater than the index number for the immediately preceding June quarter—in accordance with the following formula— (b) if, in relation to the adjustment period beginning on 1 January 1989, the index number for the June quarter in that period was less than the index number for the immediately preceding December quarter or, if in relation to the adjustment period beginning on 1 July 1989 or 1 July in any subsequent year, the index number for the June quarter was less than the index number for the immediately preceding June quarter—in accordance with the following formula— where, in the case of either formula— P represents the percentage to be obtained, andC represents the index number for the June quarter in the adjustment period concerned, andL represents the index number for the immediately preceding December quarter or the immediately preceding June quarter, as the case requires.(2) There is to be no adjustment percentage for an adjustment period if—
(a) the percentage calculated for a year in accordance with subclause (1) (b) is less than 1.1%, or (b) the Index number for the June quarter in that year is the same as the Index number for the immediately preceding June quarter.