Victorian Consolidated Legislation

Parliamentary Salaries and Superannuation Act 1968 - SECT 23

Entitlement to pension

23. Entitlement to pension



(1) The entitlement of a former member to receive a pension under this Part
ceases-

   (a)  if the former member again becomes a member of the Parliament, on the
        day that he or she becomes a member of the Parliament; or

   (b)  if any part of any entitlement under this Part or membership of the
        Fund is recognised as entitlement towards any benefit in a complying
        superannuation fund and there is a transfer of assets from the Fund to
        that complying superannuation fund in accordance with subsection (2),
        on the day determined by the Parliamentary Trustee.

(2) If subsection (1)(b) applies, the Parliamentary Trustee must on the
recommendation of an actuary transfer from the Fund to the relevant complying
superannuation fund an amount certified by the actuary to be equivalent to the
former member's entitlement under this Part.

(3) The Parliamentary Trustee is released from any liability to make any
further payments to, or in respect of, any entitlement of the former member or
of any partner or children of the former member as soon as the certified
amount is transferred to the relevant complying superannuation fund.

(4) The entitlement of a former member to receive a pension under this Part
does not cease otherwise than in accordance with this section.