Superannuation Industry (Supervision) Regulations 1994

SCHEDULE 1B  

Paragraph 1.06(6)(g) and subregulation 1.08(1)


PENSION VALUATION FACTORS

SECTION 7.   7.  
Subject to clause 8, if the governing rules of a superannuation fund provide for a pension to be indexed at the discretion of the trustees of the fund, the pension valuation factor is to be determined as if the indexation rate were a rate worked out by:


(a) adding together the indexation rates determined by the trustees for pensions of same kind as that pension in respect of each year in the period of 5 years of which the year of income in which the pension commences to be paid is the last year; and


(b) dividing the result by 5.




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