s. 17 __________________ 1979 17 Amendment of section 39—Amount of lump sum and pension on retirement (1) In section 39(1) of the State Employees See: Act No. Retirement Benefits Act 1979, for "and (3)" 9363. substitute ", (2A) and (3)". Reprint No. 7 as at 10 September (2) For section 39(2) of the State Employees 2009 Retirement Benefits Act 1979 substitute— and amending "(2) Benefits payable to a member who retires Act Nos 4/2009, after the age of 75 years are to be calculated 13/2010, as though the member had retired on 40/2010, 78/2010 and their 75th birthday, but interest is payable 29/2011. on the lump sum from the date of their LawToday: www. 75th birthday until the date of the member's legislation. retirement at a rate determined actuarially. vic.gov.au (2A) Benefits payable to a member who retires after the permitted contributions age are to be calculated as though the member had retired on the date they attained the permitted contributions age, but interest is payable on the lump sum from the date they attained the permitted contributions age until the date of the member's retirement at a rate determined actuarially. (2B) In subsection (2A), permitted contributions means the age up to which age Commonwealth superannuation law permits contributions to be made on behalf of a member.".
__________________ 1979 17 Amendment of section 39—Amount of lump sum and pension on retirement s. 17 See: Act No. 9363. Reprint No. 7 as at 10 September 2009 and amending Act Nos 4/2009, 13/2010, 40/2010, 78/2010 and 29/2011. LawToday: www. legislation. vic.gov.au (1) In section 39(1) of the State Employees Retirement Benefits Act 1979, for "and (3)" substitute ", (2A) and (3)". (2) For section 39(2) of the State Employees Retirement Benefits Act 1979 substitute— "(2) Benefits payable to a member who retires after the age of 75 years are to be calculated as though the member had retired on their 75th birthday, but interest is payable on the lump sum from the date of their 75th birthday until the date of the member's retirement at a rate determined actuarially. (2A) Benefits payable to a member who retires after the permitted contributions age are to be calculated as though the member had retired on the date they attained the permitted contributions age, but interest is payable on the lump sum from the date they attained the permitted contributions age until the date of the member's retirement at a rate determined actuarially. (2B) In subsection (2A), permitted contributions age means the age up to which Commonwealth superannuation law permits contributions to be made on behalf of a member.".
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