The projected benefit is calculated on the assumption that the employee is a full time employee.
If a member is a part time employee when an Northern Territory Government Death and Invalidity Scheme (NTGDIS) benefit becomes payable, it will be adjusted by the part time ratio applicable at exit date to reflect the level of employment.
If you are on an executive contract, the amount you enter in the gross salary (annual) field should be your annual notional salary (65% of your total salary package).
You should take these points into account when calculating and viewing the estimate produced by the NTGDIS calculator.
Your projected benefit may also be reduced when:
- the member is entitled to workers compensation benefits (including amounts payable under a workers compensation agreement such as a ‘Hopkins’ agreement)
- the benefit ceases when a member is no longer an employee of the Northern Territory Government.
For more information about NTGDIS read the NTGDIS fact sheet.
If you have any questions call the NT Superannuation Office on (08) 8901 4200 or via email at email@example.com
Last updated: 15 July 2019