Accruing Membership

Who is an accruing member?

Generally, when a person registers for the pension bonus scheme, they will be registering as an accruing member. This means that either they or their partner are currently working and deferring pension as a member or members of the scheme. Only periods of accruing membership contribute to bonus period — s, and can be used to calculate the bonus payable.

Accruing membership requirements

A member of the pension bonus scheme has accruing membership if they:

• have registered,    
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  Registration as a Member of the Scheme

  Section 5.6.3

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• satisfy the eligibility criteria,    
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  Eligibility for the pension bonus scheme

  Section 5.6.2

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• are deferring pension
• are not a non-accruing member, and
• are under the upper age limit (ie are not a post 70/75 member).    
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  Upper age limits

  5.6.2/Other Eligibility Requirements

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Work test requirements

To accrue a bonus, accruing members must meet the work test for at least one full-year bonus period, either through their own work, or their partner's work (but not by adding their hours together).    

Changes in membership status

A person's membership status may change during the deferral period due to their particular circumstances. The assessment of which periods are accruing, non-accruing and post 70/75 during deferral, occurs when a member seeks an evidentiary certificate or lodges a claim for the bonus.