1.1.A.150 Annual notional single pension rate (PBS)

Definition

For the purposes of PBS, the annual notional single pension rate is the rate used to calculate the amount of pension bonus (1.1.P.130) payable if the person has had a change in marital status during the last 5 years of accruing membership (1.1.A.20).

If the person is single at the time of claiming the pension bonus, the annual notional single pension rate is the annual rate of pension granted.

If the person is partnered (1.1.P.85) at the time of claiming the pension bonus, the annual notional single pension rate is worked out using the adjusted percentage (1.1.A.60).

Act reference: SSAct section 93J(3) For the purposes of this section, a person's annual notional single pension rate is equal to…

Last reviewed: 11 February 2013