Government Superannuation Fund (Ceasing Contributions) Regulations 1995

  • This version was replaced on 23 July 2018 to make a correction to regulation 26(4)(b) under section 25(1)(i) of the Legislation Act 2012.

Reprint as at 1 December 2014

Coat of Arms of New Zealand

Government Superannuation Fund (Ceasing Contributions) Regulations 1995

(SR 1995/172)

Catherine A Tizard, Governor-General

Order in Council

At Wellington this 28th day of August 1995

Present:
The Right Hon D C McKinnon presiding in Council

Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

These regulations are administered by the Treasury.

Pursuant to section 97 of the Government Superannuation Fund Act 1956, Her Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby makes the following regulations.

Contents

1Title and commencement
2Interpretation
3Persons eligible to make cessation election
4Time within which cessation elections to be made
5General provisions relating to elections
6Deferred pension option under Part 2
7Deferred lump sum option under Part 2
8Refunds in respect of Part 2
9Deferred pension option under Part 2A
10Deferred lump sum option under Part 2A
11Refunds in respect of Part 2A
12Deferred pension option under Part 3A
13Deferred lump sum option under Part 3A
14Refunds in respect of Part 3A
15Deferred pension option under Part 5A
16Deferred lump sum option under Part 5A
17Refunds in respect of Part 5A
18Deferred pension option under Part 6
19Deferred lump sum option under Part 6
20Refunds in respect of Part 6
21Deferred pension option under Part 6A
22Deferred lump sum option under Part 6A
23Refunds in respect of Part 6A
24Medical disengagement under Part 6A
25Deferred pension option under Part 6B
26Deferred lump sum option under Part 6B
27Refunds in respect of Part 6B
28Interpretation
29Persons eligible to make transfer election
30Time limits for transfer to Police Superannuation Scheme
31How to make transfer election
32Effect of transfer election
33Additional provisions relating to transfer elections made by people who have already made cessation elections
34Payment of transfer value
35Calculation of transfer value for contributors under 49½ years old who have not made earlier cessation election
36Calculation of transfer value for contributors over 49½ years old who have not made an earlier cessation election
37Calculation of transfer value for contributors under 49½ years old who have made earlier cessation election
38Calculation of transfer value for contributors over 49½ years old who have made earlier cessation election
39Calculation of refund under regulations 37 and 38
Gazette Information
Reprint notes