Under the Superannuation Acts

To convert an annual superannuation pension amount to a weekly pension; the following formula is used:

annual government financed pension ÷ 52

Example

An employee's annual gross pension is $29,760.

This is divided into a government portion of $22,670 and an employee funded portion of $7,090.

For the purposes of calculating entitlements, only the $22,670 is taken into account.

CALCULATION

annual government financed pension ÷ 52

$22,670 ÷ 52

or $435,96 per week

Please note this is a simple example only and does not take into account the productivity benefit (another government component) which is now common as part of an employee's overall superannuation amount.

Source URL: https://clik.dva.gov.au/military-compensation-reference-library/historical-information/comcare-operations-manual/volume-ten-incapacity-payments/part-five-retirement-and-superannuation/general/converting-superannuation-and-salary-details-weekly-amount/under-superannuation-acts