Document ID: chunk:federal_register_of_legislation:C1959A00102:front:0:p7
Version: federal_register_of_legislation:C1959A00102
Segment Type: other
Provision Reference: 
Character Range: 14545–17281

Act, as the case may be, increased by Sixpence in respect of each of those two units.

"(3.) The amount of contribution to be paid by an employee who has elected that section seventeen aa of this Act shall not apply to him is, in respect of—
       (a) units of pension in respect of which the obligation to contribute comes into existence on or after the fourteenth day of December, One thousand nine hundred and fifty-nine; or
       (b) reserve units of pension for which he elects to contribute on or after that date,
an amount ascertained in accordance with the rates of contribution specified in the Fourth Schedule to this Act.".

Election to contribute for full pension at sixty years of age.
13. Section sixteen a of the Principal Act is amended by omitting sub-section (2.).

Election to contribute for additional units at sixty-five years age.
14. Section sixteen b of the Principal Act is amended by omitting sub-section (2.) and inserting in its stead the following sub-section:—
"(2.) A contributor who—
       (a) has made an election to contribute at rates based on a retiring age of sixty years;
       (b) has attained that age but has not attained the age of sixty-five years;
       (c) but for sub-section (4.) of section thirteen of this Act, would have been eligible or required to contribute for an additional unit of pension,
may, within the prescribed time, elect to contribute for that additional unit at the appropriate rate based on a retiring age of sixty-five years.".

Repeal of section 17.
15. Section seventeen of the Principal Act is repealed.

16. After Division 3 of Part III. of the Principal Act the following Division is inserted:—

"Division 3aa.—Contributions for Additional Benefits for Widows.

Additional contributions by existing contributors.
"17aa.—(1.) In this section—
       (a) references to a contributor are references to a male contributor whose obligation to contribute to the Fund came into existence before the fourteenth day of December, One thousand Dine hundred and fifty-nine; and
       (b) references to a unit of pension include references to a reserve unit of pension and a fraction of a unit of pension.

"(2.) A male contributor who, before the fourteenth day of December, One thousand nine hundred and fifty-nine, was credited with one or more fully paid units of pension shall, for the purposes of paragraph (a) of the last preceding sub-section, be deemed to be a male contributor whose obligation to contribute to the Fund came into existence before that date.

"(3.) A contributor may, not later than the thirteenth day of June, One thousand nine hundred and sixty, elect that this section shall not apply to him.

"(4.) A contributor who does not so elect shall,