Parliamentary Superannuation Act 1974 (SA)

South Australia Parliamentary Superannuation Act 1974 An Act to provide for the payment of superannuation benefits to persons who have served as members of Parliament; and for other purposes.

Contents Part 1—Preliminary 1 Short title 5 Interpretation 6 Voluntary and involuntary retirement 7 Computation of service 7A Putative spouses 7B Restriction on publication of court proceedings 7C Arrangement of schemes 7D Membership of schemes 7E PSS 3 member may elect to participate in other schemes 7F Special provisions relating to rollovers for PSS 1 and PSS 2 members 7G Special provisions relating to salary sacrifice by members Part 2—The South Australian Parliamentary Superannuation Board 8 The Board 9 The Board's membership 10 Procedure at meetings of the Board 11 Availability of Public Service employees 12 Report Part 2A—The Parliamentary Superannuation Fund 13 The Fund Part 2B—Members' contribution accounts 13A Members' contribution accounts 13AB Rollover accounts 13B Accretions to members' accounts 13C Rollover of money from other funds or schemes 13D Co‑contribution accounts Part 3—Contributions Division 1—Preliminary 14 Preliminary Division 2—Contributions by members of PSS 1 or PSS 2 14A Contributions by members of PSS 1 or PSS 2 Division 3—Contributions by members of PSS 3 14B Contributions by members of PSS 3 Division 4—Government contributions with respect to PSS 3 14C Government contributions 14D Government contribution accounts Part 4—Pension and benefits for former members Division 1—Entitlement to pension 15 Application of Division 16 Entitlement to a pension on retirement 17 Amount of pension for PSS 1 member pensioners 17A Amount of pension for PSS 2 member pensioners 17B Supplementary provisions 18 Invalidity retirement 19 Reduction of pension in certain circumstances 19A Preservation of pension in certain cases 20 Suspension of pension Division 2—Commutation of pension 21 Commutation of pension 21A Application of section 21 to certain member pensioners Division 2A—Superannuation benefits for PSS 3 members 21AB Application of Division 21AC Interpretation 21AD Retirement at or above age 55 21AE Cessation of membership before age 55 21AF Preservation of components 21AG Cessation of membership on ground of invalidity 21AH Death of PSS 3 member 21AI Determination of invalidity/death insurance Division 3—Related matters 22 Other benefits under PSS 1 22A Other benefits under PSS 2 23 Pension paid for limited period 23AA Commutation to pay deferred superannuation contributions surcharge—pension entitlements 23AAB Commutation to pay deferred superannuation contributions surcharge—lump sum entitlements 23AAC Commutation to pay deferred superannuation contributions surcharge following death of member 23AAD Withheld amount 23AAE Payment of Division 293 tax Part 4A—Family Law Act provisions 23A Purpose of this Part 23B Interpretation 23D Value of superannuation interest 23E Non-member spouse's entitlement 23F Non-member spouse's entitlement where pension is in growth phase 23G Non-member spouse's entitlement where pension is in payment phase 23H Payment of non-member spouse's entitlement 23I Reduction in member's entitlement 23J Benefit not payable to spouse on death of member if split has occurred 23K Board to comply with Commonwealth requirements 23L Fees Part 5—Pension for spouse and child benefit Division 1—Pension for spouse 24 Pension for spouse of deceased PSS 1 member pensioner 25 Pension for spouse of deceased PSS 1 member 25A Pension for spouse of PSS 2 member pensioner 25B Pension for spouse of deceased PSS 2 member 25C Interpretation 26 Spouse pension 26AAA Spouse entitlement subject to any Family Law determination Division 1A—Commutation of spouse pension 26AA Commutation of pension Division 2—Child benefit 26AAB Application of Division 26A Certain former members deemed members at time of death 27 Determination of child benefit 28 Child benefit, general 29 Child benefit where no spouse's pension payable 30 Payment to, or on behalf of, child 31 Cessation of child benefit Part 5A—Benefit payable to member's estate (PSS 1 or PSS 2) 31A Benefits payable to member's estate (PSS 1 or PSS 2) Part 6—Adjustment of pensions Division 1—Pensioners under repealed Act 32 Pensions to continue 33 Spouse pension continued 34 Suspension of certain pensions Division 2—Future adjustment 35 Adjustment of pensions Part 7—Miscellaneous 36 Additional invalidity/death insurance 36A Division of benefit where deceased member is survived by lawful and putative spouses 36B Power to obtain information 37 Payment of benefits 38 Pensions not assignable 39 Financial provision 39A Confidentiality 40 Regulations Schedule 1—Transitional provision 1 Transitional provision Schedule 2—Table showing maximum percentage of pension that may be commuted Schedule 3—Commutation factors for spouse pensions Legislative history