Document ID: chunk:federal_register_of_legislation:C1956A00112:body:0:p2
Version: federal_register_of_legislation:C1956A00112
Segment Type: other
Provision Reference: 
Character Range: 3078–6273

sub-section (3.), after the word "fund" (last occurring), the words "and for any amount payable to the Commonwealth under sub-section (2.) of the next succeeding section".

Payments by Commonwealth to Fund in respect of interest.
6.—(1.) Section eleven a of the Principal Act is amended by omitting sub-section (2.) and inserting in its stead the following sub-section:—
"(2.) Where an investigation made under the last preceding section discloses a surplus of assets over liabilities of the Fund, there shall be paid to the Commonwealth from the Fund so much of the surplus as does not exceed an amount equal to the sum of the amounts paid by the Commonwealth under the last preceding sub-section before the report of the result of the investigation less the sum of the amounts (if any) previously paid to the Commonwealth under this sub-section.".
(2.) The amendment made by the last preceding sub-section shall be deemed to have come into operation on the first day of July, One thousand nine hundred and forty-seven.

Salary for the purposes of this Division.
7. Section twelve a of the Principal Act is amended by inserting in paragraph (b) of sub-section (2.), after the word "employee" (second occurring), the words "or contributor".
8.—(1.) Sections twenty-nine a and twenty-nine b of the Principal Act are repealed and the following section is inserted in their stead:—

Contributor remaining in service after attaining maximum age for retirement.
"29a.—(1.) Where—
       (a) a contributor retires not less than one year after attaining the maximum age for retirement; or
       (b) a person who was a contributor has, before the date of commencement of this section, so retired and is at that date in receipt of, or entitled to, a pension,
the pension that would be payable to him under the provisions of this Act other than this section shall be increased by an amount ascertained by multiplying the portion of the pension equivalent to

the contributions made by him by a percentage ascertained in accordance with the following table:—

Maximum Age for Retirement—60 Years.  Maximum Age for Retirement—65 Years.
Age Attained on Retirement.           Percentage.                           Age Attained on Retirement.   Percentage.
61 years................              6                                     66 years.................     7
62 years................              13                                    67 years.................     15
63 years................              20                                    68 years.................     23
64 years................              28                                    69 years.................     32
65 years or over..........            37                                    70 years or over............  42

"(2.) Where—
       (a) a male contributor who has attained the maximum age for retirement dies before retirement and is survived by a widow; or
       (b) the widow of—
            (i) a male contributor who, having attained the maximum age for retirement, died before retirement; or
            (ii) a male pensioner who retired after attaining the maximum age for retirement,
       is in receipt of, or