STATE AUTHORITIES NON-CONTRIBUTORY SUPERANNUATION ACT 1987 - SECT 25A Power of STC to purchase annuities etc out of benefit payable under this Act

New South Wales Consolidated Acts

Power of STC to purchase annuities etc out of benefit payable under this Act

Whenever a benefit becomes payable to or in respect of an employee under this Act, STC must, if requested to do so:

(a) by the employee, or

(b) where the employee has died, by the spouse or de facto partner or personal representatives of the employee, as the case requires,

apply the benefit, or such part of it as is specified by the employee, spouse or de facto partner or personal representatives, in purchasing for the employee or, as the case may be, for the spouse or de facto partner or the beneficiaries of the employee’s estate, a right to an annuity or other form of pension from a person nominated by the employee, spouse or de facto partner or personal representatives.