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PARLIAMENTARY CONTRIBUTORY SUPERANNUATION ACT 1948 - SECT 22A

Determination with respect to surcharge deduction amount

  (1)   The Trust must, in accordance with advice received from an actuary, determine in writing the conversion factor that, having regard to:

  (a)   the age of a member when a benefit under section   18 becomes payable to him or her; and

  (b)   other relevant factors (if any);

is applicable for the purpose of working out, in relation to the member, the yearly amount that would have to be paid to discharge a liability equal to the member's surcharge deduction amount.

  (2)   A determination under subsection   (1) must be published in the Gazette .



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