New South Wales Consolidated Acts

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TRANSPORT EMPLOYEES RETIREMENT BENEFITS ACT 1967 - SCHEDULE 2

SCHEDULE 2 – Table of contributions

Age next birthday Scale 1 Scale 2
Fortnightly rate of contribution for the first $2,000 of the amount of the lump sum benefit Fortnightly rate of contribution for each $2,000 of the amount of the lump sum benefit in excess of the first $2,000
$ $
16 years 0.25 0.20
17   " 0.26 0.21
18   " 0.27 0.22
19   " 0.28 0.23
20   " 0.29 0.24
21   " 0.30 0.25
22   " 0.31 0.26
23   " 0.32 0.27
24   " 0.33 0.28
25   " 0.35 0.30
26   " 0.37 0.32
27   " 0.39 0.34
28   " 0.41 0.36
29   " 0.43 0.38
30   " 0.45 0.40
31   " 0.47 0.42
32   " 0.49 0.44
33   " 0.52 0.47
34   " 0.55 0.50
35   " 0.58 0.53
36   " 0.61 0.56
37   " 0.64 0.59
38   " 0.68 0.63
39   " 0.72 0.67
40   " 0.76 0.71
41 years 0.81 0.76
42   " 0.86 0.81
43   " 0.92 0.87
44   " 0.98 0.93
45   " 1.05 1.00
46   " 1.13 1.08
47   " 1.22 1.17
48   " 1.32 1.27
49   " 1.43 1.38
50   " 1.56 1.51
51   " 1.70 1.65
52   " 1.87 1.82
53   " 2.07 2.02
54   " 2.30 2.25
55   " 2.58 2.53
56   " 2.93 2.88
57   " 3.36 3.31
58   " 3.92 3.87
59   " 4.66 4.61
60   " 741.30÷ n 734.80÷ n
61   " 756.00÷ n 750.80÷ n
62   " 770.90÷ n 767.00÷ n
63   " 785.60÷ n 783.00÷ n
64   " 793.70÷ n 792.40÷ n
65   " 800.00÷ n 800.00÷ n
Note: n denotes the number of complete fortnightly contributions payable before contributions would be due to cease on attainment of age 65 years.



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