Document ID: chunk:federal_register_of_legislation:C1959A00102:front:0:p4
Version: federal_register_of_legislation:C1959A00102
Segment Type: other
Provision Reference: 
Character Range: 7529–10037

age for retirement shall be made before pension in respect of superannuation becomes payable and, upon payment of those contributions, pension becomes payable as from the date of retirement.".

Repeal of section 12a.
9. Section twelve a of the Principal Act is repealed.
10. Section thirteen of the Principal Act is repealed and the following section inserted in its stead:—

Scale of units of pension.
"13.—(1.) Subject to this Act, contributions by an employee shall be for units of pension.
"(2.) Subject to this Act, the number of units of pension for which a person who is an employee on the thirteenth day of December, One thousand nine hundred and fifty-nine, shall contribute at any time is the number of units ascertained in accordance with Part I. of the First Schedule to this Act, having regard to his salary at that time.
"(3.) Subject to this Act, the number of units of pension for which a person who becomes an employee on or after the fourteenth day of December, One thousand nine hundred and fifty-nine, shall contribute at any time is the number of units ascertained in accordance with Part II. of the First Schedule to this Act, having regard to his salary at that time and to the number of years of his prospective service.
"(4.) Subject to this Act, a contributor is not eligible or required to begin to contribute for an additional unit of pension as from a date after he has attained the maximum age for retirement.
"(5.) The number of units of pension for which an employee would otherwise be required to contribute at any time shall be reduced by the number of units of pension (if any) by which the number of units of pension ascertained in accordance with Part I. or Part II. of the First Schedule to this Act, as the case may be, corresponding to the salary group in which his salary fell immediately before that time exceeds the number of units of pension for which he was then a contributor.
"(6.) Where, at the time when an employee became or becomes a contributor, he was or is not less than forty years of age, he may elect to reduce the number of initial units in respect of which he is required to contribute to a number not being less than two.
"(7.) If the salary of an employee who has attained the age of forty years is increased and, by reason of the increase, the employee would, but for this sub-section, be required to contribute for an additional unit or units of pension, he may, not later than six months after the date upon which his salary is increased, elect