Document ID: chunk:federal_register_of_legislation:C2024C00057:schedule:6:p7
Version: federal_register_of_legislation:C2024C00057
Segment Type: schedule
Provision Reference: sch 6 (pt 7/13)
Character Range: 193925–196824

the legislation of Malta and dividing the product by the number of totalised contributions aggregated under Article 9;

         (b) in the case of a Two‑Thirds Pension, the rate of that pension shall be calculated according to the following formula:

 but that pension shall not be payable if the formula

 gives a result that is less than 15

 where:

          P.I. = the claimant's pensionable income or re‑assessed pensionable income (as the case may be) according to the legislation of Malta;

          C1 = the number of reckonable contributions (not exceeding 1000) during any period prior to the last 10 calendar years immediately before retirement;

          C2 = the number of reckonable contributions (not exceeding 500) within the last 10 calendar years immediately before retirement;

          T1 = the number of totalised contributions (not exceeding 1000) aggregated under Article 9 during any period prior to the last 10 calendar years immediately before retirement;

          T2 = the number of totalised contributions (not exceeding 500) aggregated under Article 9 within the last 10 calendar years immediately before retirement; and

          Y =  the number of reckonable years (not exceeding 20) prior to the last 10 calendar years immediately before retirement.

         (c) in the case of a pension in respect of invalidity, by multiplying the applicable rate of that pension attributable to the claimant by the number of reckonable contributions on which that pension would have otherwise been calculated under the legislation of Malta and dividing the product by the number of reckonable totalised contributions aggregated under Article 9;

         (d) in the case of a pension in respect of widowhood other than a Survivor's Pension by multiplying the applicable rate of that pension attributable to the claimant by the number of reckonable contributions on which that pension would have otherwise been calculated under the legislation of Malta relating to her late husband and dividing the product by the number of totalised contributions aggregated under Article 9; and

         (e) in the case of Survivor's Pension at 5/6 of the rate of pension arrived at in accordance with the provisions of paragraph 2(b).

    3. Any statutory pension additional rates that are applicable to certain benefits covered by this Agreement that are payable under the legislation of Malta, payment of which is also linked to a yearly contribution average, shall be calculated in the same manner as that indicated in paragraph 2, as the case may require.

    4. Where Malta pays a Maltese benefit to a person only by virtue of the Agreement it shall deduct any statutory pension deductions that would be deducted if those pensions were paid solely under the legislation of Malta provided that any service pension for war service or wife's service pension paid to that person by