Document ID: chunk:federal_register_of_legislation:C1965A00154:front:0:p2
Version: federal_register_of_legislation:C1965A00154
Segment Type: other
Provision Reference: 
Character Range: 2574–5290

of cents specified in the second column of that table opposite to that amount of pence.

Conversion of certain contributions to decimal currency.
8. Where—
       (a) a person was, immediately before the commencing date, required—
           (i) to make contributions to the Fund under sub-section (4.) of section 26 of the Principal Act; or
           (ii) to make contributions to the Fund calculated otherwise than by reference to any of the tables in the Schedules to the Principal Act; and
       (b) he is, after the commencement of this Act, required to continue to make contributions of that kind to the Fund,
the rate in decimal currency of those contributions shall, notwithstanding anything contained in the Principal Act as amended by this Act, be the rate corresponding to the rate in the previous currency that would, but for the enactment of the Currency Act 1965 and this Act, have been the rate of those contributions.

Payment of existing pensions in decimal currency.
9. Where a pension was payable under the Principal Act to or in respect of a person immediately before the commencing date, the amount of any payment of that pension in decimal currency after the commencement of this Act shall be the amount that corresponds to the amount in the previous currency that would, but for the enactment of the Currency Act 1965 and this Act, have been payable.

Employees paid in sterling.
10.—(1.) Where—
       (a) a person was, immediately before the commencing date, required to make contributions to the Fund in respect of units of pension;
       (b) sub-section (1.) of section 144 of the Principal Act applied for the purpose of calculating those contributions; and
       (c) he is required to continue to make contributions to the Fund in sterling in respect of those units of pension after the commencement of this Act,
the rate of those contributions shall, notwithstanding anything contained in the Principal Act as amended by this Act, be the rate that would, but for the enactment of the Currency Act 1965 and this Act, have been the rate of those contributions.
(2.) Where—
       (a) a pension was payable under the Principal Act to or in respect of a person immediately before the commencing date; and

       (b) sub-section (1.) of section 144 of the Principal Act applied for the purpose of calculating that pension,
the amount of any payment of that pension in sterling after the commencement of this Act shall be the amount that would, but for the enactment of the Currency Act 1965 and this Act, have been payable.

Schedule to Superannuation Act 1963.
11.—(1.) The Schedule to the Superannuation Act 1963 is repealed and the Schedule set out in the Third Schedule to this Act