1.1.A.60 Adjusted percentage (PBS)

Definition

For the purposes of PBS, the adjusted percentage is the formula used to work out:

  • a person's annual notional single pension rate (1.1.A.150), OR
  • the annual notional partnered pension rate (1.1.A.140).

This is used to calculate the amount of pension bonus payable.

The adjusted percentage is only used where the person has had a change in marital status during the last 5 years of accruing membership (1.1.A.20).

Act reference: SSAct section 93J(5) For the purposes of this section, a person's adjusted percentage is…

Last reviewed: 11 February 2013