Document ID: chunk:federal_register_of_legislation:C1969A00026:body:0:p9
Version: federal_register_of_legislation:C1969A00026
Segment Type: other
Provision Reference: 
Character Range: 19516–22008

pay-day, that would be so payable if that date were a pay-day; and
       (b) the fortnightly amount of the contributions that, if the employee or pensioner had on the date of the election made an election under sub-section (3.) of section nineteen of this Act in relation to that unit, would be payable by him to the Fund in respect of that unit on that date or, if that date is not a pay-day, that would be so payable if that date were a pay-day,
exceeds three-one thousand and fortieths of his salary as at—
       (c) in the case of an election by an employee—the date of the election; or
       (d) in the case of an election by a pensioner—the time immediately after the increase in salary by virtue of which he became entitled to make the election.

Election ineffective if number of contributory units is, or falls below, number of initial units.
"22d.—(1.) An election by an employee under section twenty-two a of this Act does not have effect, and an election by an employee under section twenty-two c of this Act does not have effect and shall be deemed not to have had effect, where—
       (a) in a case to which neither of the next two succeeding paragraphs applies—the number of units of pension (other than reserve units of pension) for which he is a contributor at the time of the election is less than his initial unit entitlement;
       (b) in the case of an employee to whom section sixty-seven of this Act applies—the sum of the number of units of pension (other than reserve units of pension) for which he is a contributor at the time of the election and the number of units of pension (other than non-contributory units of pension) in respect of which he is in receipt of a pension under this Act is less than his initial unit entitlement; or
       (c) in the case of an employee to whom section sixty-nine of this Act applies or applied—the sum of the number of units of pension (other than reserve units of pension) for which he is a contributor at the time of the election and the number of units of pension in respect of which his right referred to in section sixty-eight of this Act is or was, under section seventy-one or section seventy-two of this Act, commutable for new rights is less than his initial unit entitlement.

"(2.) An election by an employee under section twenty-two b of this Act does not have effect, and shall be deemed not to have had effect, in relation to a unit of pension where, if it had effect in relation to that unit—
       (a) in a