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3.4.7 PBS - qualification & payability

Introduction

This section explains the qualification and payability provisions for the PBS.

Example: Bonus periods are measured in days. The examples in this section use weeks however, to simplify the illustration of various calculations.

Act reference: SSAct Part 2.2A Pension bonus

Policy reference: SS Guide 1.2.3.70 Pension bonus scheme (PBS) & pension bonus bereavement payment (PBBP) - description

Last reviewed: