New South Wales Consolidated Acts

STATE AUTHORITIES NON-CONTRIBUTORY SUPERANNUATION ACT 1987 - SECT 26E

26E Non-contributing employees to have deferred accrued benefit instead of basic benefit

(1) On and from the commencement of the First State Superannuation Act 1992 , the basic benefit provided by this Act for a non-contributing employee is to be replaced with a deferred accrued benefit. This does not affect benefits that were payable or required to be preserved before that commencement.

(2) The deferred accrued benefit is an amount calculated in accordance with Schedule 4.

(3) Sections 23-26A apply to the deferred accrued benefit in the same way as they apply to a basic benefit.