Lodgment period | CLIK

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Lodgment period

A lodgment period is the period within which a claim for a pension bonus can be made. Different formulae apply depending on whether the person's last bonus period is a full year period, or a part-year period. There are exemptions to these formulae if the:

  • person is an exempt partnered person at the end of the person's last bonus period,
  • person's membership of the scheme becomes non-accruing immediately after the end of the person's last bonus period, or
  • person is a post 70/75 member of the scheme and has a post 70/75 work period.

For a full definition see subsection 45UL of the VEA.

 

 

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