Victorian Consolidated Legislation

Police Regulation Act 1958 - SECT 67E

Commutation

67E. Commutation



(1) If the ESS Board accepts an application under section 67D, the ESS Board
must commute the pension entitlement specified in the application into a
complying pension under the Beneficiary Choice Scheme.

(2) The method of calculating the commutation benefit of an eligible pensioner
under subsection (1) is to be determined by the Minister on the advice of an
actuary appointed by the ESS Board.

(3) The ESS Board is released from any liability in respect of the
entitlements of an eligible pensioner and of any spouse specified in the
application under section 67D as soon as the eligible pensioner becomes
entitled to a complying pension under the Beneficiary Choice Scheme.

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