Victorian Consolidated Legislation

Emergency Services Superannuation Act 1986 - SECT 21E

Amount and payment of benefits under ESSPLAN

21E. Amount and payment of benefits under ESSPLAN



(1) Except where a benefit is payable under section 21H, a benefit payable to
or in respect of a member is an amount equal to the member's account balance
at the time the benefit is paid.

(2) The benefit is payable in accordance with any relevant specified
standards.

(3) Subject to subsection (2), the benefit is payable unless-

   (a)  a member applies in a form approved by the Board to defer payment of
        benefits or to pay the benefits to an investment fund maintained for
        that purpose by the Board; and

   (b)  the application is approved by the Board.



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