This note is not part of the order, but is intended to indicate its general effect.
Part 1 of the Government Superannuation Fund Amendment Act 1988 provided for certain groups of people to have their allowances adjusted to take account of increases in the cost of living from an earlier date than was previously the case. The annual rate of the retiring allowances payable to those people was, however, made subject to a limit of $500 over the annual rate that they would otherwise have been paid. With effect from 1 July 2004, this order increases that limit from $500 to $1,000.
The groups of people affected are, with certain exceptions, those—
to whom a retiring allowance is payable under Part 2 or Part 3 of the Government Superannuation Fund Act 1956 (which are the old schemes for public servants and the Armed Forces); and
who are under 60 years of age when the retiring allowance becomes or became payable.