New South Wales Consolidated Acts

PARLIAMENTARY CONTRIBUTORY SUPERANNUATION ACT 1971 - SECT 18B

18B Election to cease salary deductions on reaching age 65

(1) A member may elect, by notice in writing served on the trustees, to cease to have deductions from salary instalments made under section 18 if:

(a) the member is 65 years or more of age, and

(b) the member has been entitled to salary in respect of an aggregate period of 20 years or more (including any period before the commencement of this section).

(2) A member may not revoke an election made under this section.

(3) An election made under this section takes effect when it is approved by the trustees.

(4) On the election taking effect, deductions from the member’s salary are not required to be made under this Act.

(5) An election under this section continues to have effect if, after ceasing to be a member, the person again becomes a member.

(6) A benefit payable under this Act to or in respect of a member who makes an election under this section is to be calculated as if the member ceased to be entitled to receive salary on the day the election took effect.

(7) A benefit is not payable under this Act to or in respect of a member who makes an election under this section until it is payable under another provision of this Act.