Document ID: chunk:federal_register_of_legislation:C1969A00026:body:0:p2
Version: federal_register_of_legislation:C1969A00026
Segment Type: other
Provision Reference: 
Character Range: 2556–5184

Act is amended—
       (a) by omitting from sub-section (2c) the words "pension to be paid to him on retirement equal to the pension" and inserting in their stead the words "pension in respect of units of pension for which he is a contributor to be paid to him on retirement equal to the pension in respect of those units"; and
       (b) by omitting sub-section (3.) and inserting in its stead the following sub-sections:—
     "(2d.) A contributor—
            (a) who elects, or is called upon, to retire on or after attaining the age of sixty years; or
            (b) the age for whose retirement is fixed at an earlier age than sixty-five years, but not less than sixty years, and who retires on attaining the age so fixed,
     may, notwithstanding anything contained in this section, contribute, in a lump sum, or in such smaller sums and at such periods as the Board approves, the amount necessary to enable a pension in respect of non-contributory units of pension applicable in relation to him to be paid to him on retirement equal to the pension in respect of those units that would have been paid to him

     if he had retired at such later age (not exceeding the age of sixty-five years) as the Board approves.

     "(2e.) For the purposes of the last preceding sub-section, the amount necessary to be contributed to enable a pension in respect of non-contributory units of pension to be paid to a contributor on retirement equal to the pension in respect of those units that would have been paid to him if he had retired at a later age is an amount equal to five-sevenths of the amount that would be required to be contributed by him under sub-section (2c.) of this section in respect of those units in relation to that age if he had become liable to contribute for those units on the respective dates when those units became applicable in relation to him as non-contributory units and he had contributed for those units at the appropriate rates based on a retiring age of sixty-five years.

     "(2f.) Amounts equal to amounts contributed under subsection (2d.) of this section are payable to the Commonwealth out of the Fund.
     "(3.) Where—
            (a) after, but as from a date before, the attainment by an employee of the maximum age for retirement; or

            (b) after, but as from a date before, the attainment by a pensioner of the maximum age for retirement, being a pensioner who retired on or after attaining that age,

     his salary is increased and the number of units of pension ascertained in accordance with sub-section (2.) of section twenty of this Act as it applied at the time