SUPERANNUATION ACT 1916 - SECT 27
Amount of pension payable on retirement
SUPERANNUATION ACT 1916 - SECT 27
Amount of pension payable on retirement
27 Amount of pension payable on retirement
(1) A contributor who retires is entitled to be paid a pension of $5.50 per
fortnight for each unit for which the contributor was contributing at the time
of retirement.
(2) Subsection (1) does not apply to a contributor in respect
of whom special provision for the payment of a pension or other retirement
benefit is made under another provision of this Act.
(3) If STC has made a
determination under section 61RA in respect of a pension payable under this
section, the amount of the pension is reduced by the amount specified in STC's
determination.
