Document ID: chunk:federal_register_of_legislation:C1969A00026:body:0:p11
Version: federal_register_of_legislation:C1969A00026
Segment Type: other
Provision Reference: 
Character Range: 24111–26671

pension (if any) for which he is a contributor at the time of the election; and

            (ii) 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 at that time,
     is less than his initial unit entitlement; or
       (b) in the case of a pensioner to whom section sixty-nine of this Act applied, the sum of—
            (i) the total number of units of pension referred to in sub-paragraphs (i) and (ii) of the last preceding paragraph; and
            (ii) the number of units of pension (other than units of pension so referred to) in respect of which his right referred to in section sixty-eight of this Act was, under section seventy-one or section seventy-two of this Act, commutable for new rights,
     is less than his initial unit entitlement.
"(4.) A reference in the preceding sub-sections of this section to the initial unit entitlement of an employee or pensioner shall be read as a reference to the full unit entitlement of the employee or pensioner as at the time when he became a contributor to the Fund, or, if he became a contributor to the Fund after having previously ceased to be a contributor to the Fund, when he last became a contributor to the Fund.
"(5.) In the case of an employee or pensioner who made an election under section twenty-four of this Act that had the effect of reducing the number of units of pension ascertained in relation to him in accordance with sub-section (2.) of section twenty of this Act, his initial unit entitlement shall be ascertained for the purposes of this section as if he had made the election at the time when he became, or last became, a contributor to the Fund.

Election ineffective if number of contributory units is, or fails below, one-half of full unit entitlement
"22e.—(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 one-half of his full unit entitlement as at that time;

       (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