Document ID: chunk:federal_register_of_legislation:C2004A03971:section:365
Version: federal_register_of_legislation:C2004A03971
Segment Type: section
Provision Reference: s 365
Character Range: 114908–116117

365

where:

P1 is the percentage referred to in paragraph (c); and

D is the number of days included in that part of a year; and

P2 is equal to:

(i) if the person's period of contributory service is not less than 20 years—1; or

(ii) if the person's period of contributory service is less than 20 years—2.";

    (c) by omitting from subsection (4) all words from and including "the annual rate of that pension" and substituting the following words and paragraph:

"the annual rate of that pension is:

        (a) if the person's period of contributory service consists exactly of a number of complete years, or exceeds 40 years—such percentage of the person's final annual rate of salary as, having regard to the person's age on his or her last day of service and to the number of complete years included in the person's period of contributory service, is applicable in accordance with Schedule 2; or

        (b) if paragraph (a) does not apply and the person's period of contributory service consists of a number of complete

        years and of a part of a year—such percentage of the person's final annual rate of salary as is calculated in accordance with the formula:

P1   +  D × (P2 – P1)   ;