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9.3 Calculating an Overpayment of Disability Pension
Where a payment is made by way of compensation or damages the method of calculating the overpayment is described in ss 74(3)(c) & (d) and ss30C (1) to (3).
Calculate the amount to be offset and the date of effect of the offset.
Calculate the overpayment by multiplying this offset amount by the number of paydays between the pension effective date and the first available (advance) payday from when a regular offset will commence.
This is the amount to be recovered from any amount of other compensation to be paid.
Note 1 – Section 115 in the SRCA allows for the recovery of overpaid disability pension from compensation payable under SRCA. Section 115 does not allow for recovery of AGR pensions or allowances offset as a result of s25A of the VEA.
Note 2 –Indexation of a fortnightly equivalent does not begin until after the first regular payday from when the offset is put in place.
Safety, Rehabilitation and Compensation Act 1988