Part 13 Education Schemes Policy Manual
Note for CLIK Users
What are redundancy payments?
Redundancy (or termination) payments, are:
- leave payments relating to a person's employment that has been terminated;
- redundancy payments, including payments in lieu of notice; and
- any other payments connected with the termination of a person's employment.
These would include, but not be limited to :
Age-adjustment of wholly dependent partners' lump sum additional compensation following death where the date of the member's death is on or after 4 May 2015
|
Partner’s age-based number under s234(2) of the MRC Act of the MRCA where the date of the member's death is on or after 4 May 2015 | |||
|
Partner’s age next birthday on the date of the member’s death |
Partner’s age based number |
Partner’s age next birthday on the date of the member’s death | |
Conversion of Commonwealth-funded portion of lump sum superannuation to a weekly amount on or after 4 May 2015
|
Superannuation aged-based numbers under sections 135 and 136 of the MRCA whenever those sections are first applied for a person on or after 4 May 2015 | |||||
|
Age Next Birthday on the day on which the lump sum is paid |
Male |
Female | |||
Converting wholly dependent partners' weekly compensation following death periodic payments to a lump sum where the date of the member's death is on or after 4 May 2015
|
Partner’s age-based numbers for use under s 236(5) of the MRCA where the date of the member's death is on or after 4 May 2015 | |||||
|
Partner’s age next birthday on the date of the member’s death |
Male Partner |
Female Partner | |||
Conversion factors - permanent impairment periodic payments to lump sums where the election for lump sum is made on or after 4 May 2015
This table converts a weekly payment for permanent impairment to a lump sum. Please note that the MRCA enables the maximum lump sum to be paid for males up to age 30.
|
Factors for converting weekly amount (under s68, 71 or 75(2)) to a lump sum under s78(5) of the MRCA where the election is made on or after 4 May 2015 | |||||
|
Age Next Birthday at the Notice Date | |||||
6.4.5 Specific Conditions: Running and Maintenance Allowance
Changes coming from 1 July 2026
Pagination
- Previous page
- Page 48
- Next page