Government Superannuation Fund (Ceasing Contributions) Regulations 1995 (SR 1995/172) (as at 01 May 2011)

Reprint as at 1 May 2011

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 section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

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

1 Title and commencement

2 Interpretation

Part 1
Right to cease to be contributor and elect deferred pension or deferred lump sum

3 Persons eligible to make cessation election

4 Time within which cessation elections to be made

5 General provisions relating to elections

Old Government service superannuation

6 Deferred pension option under Part 2

7 Deferred lump sum option under Part 2

8 Refunds in respect of Part 2

New Government service superannuation

9 Deferred pension option under Part 2A

10 Deferred lump sum option under Part 2A

11 Refunds in respect of Part 2A

Superannuation of members of Armed Forces

12 Deferred pension option under Part 3A

13 Deferred lump sum option under Part 3A

14 Refunds in respect of Part 3A

Superannuation of Judges and Solicitor-General

15 Deferred pension option under Part 5A

16 Deferred lump sum option under Part 5A

17 Refunds in respect of Part 5A

Parliamentary superannuation

18 Deferred pension option under Part 6

19 Deferred lump sum option under Part 6

20 Refunds in respect of Part 6

Superannuation of members of Police

21 Deferred pension option under Part 6A

22 Deferred lump sum option under Part 6A

23 Refunds in respect of Part 6A

24 Medical disengagement under Part 6A

Superannuation of members of prisons service

25 Deferred pension option under Part 6B

26 Deferred lump sum option under Part 6B

27 Refunds in respect of Part 6B

Part 2
Right to cease to be contributor and transfer to Police Superannuation Scheme

Interpretation

28 Interpretation

Making transfer election

29 Persons eligible to make transfer election

30 Time limits for transfer to Police Superannuation Scheme

31 How to make transfer election

32 Effect of transfer election

33 Additional provisions relating to transfer elections made by people who have already made cessation elections

Payment of transfer values

34 Payment of transfer value

Calculation of transfer values for contributors who have not made earlier cessation election

35 Calculation of transfer value for contributors under 49½ years old who have not made earlier cessation election

36 Calculation of transfer value for contributors over 49½ years old who have not made an earlier cessation election

Calculation of transfer values for contributors who have made earlier cessation election

37 Calculation of transfer value for contributors under 49½ years old who have made earlier cessation election

38 Calculation of transfer value for contributors over 49½ years old who have made earlier cessation election

39 Calculation of refund under regulations 37 and 38

Gazette information

Reprint notes


Regulations