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: 126879–127995

365

where:

P is the percentage referred to in paragraph (a); and

       D is the number of days in the part of a year included in the person's period of contributory service.".

Election where benefit reduced on medical grounds, period of contributory service not less than 8 years

53. Section 71 of the Principal Act is amended:

(a) by omitting from subsection (2) all words from and including

"is such percentage" and substituting the following word and paragraphs:

"is:

       (a) if the person's period of contributory service consists exactly of a number of complete years—such percentage of the person's final annual rate of salary as, having regard to the number of complete years included in that period of contributory service, is applicable in accordance with columns 1 and 3 of Schedule 5; or

       (b) if paragraph (a) does not apply—such percentage of the person's final annual rate of salary as, having regard to the number of complete years, and the part of a year, included in the person's period of contributory service, is calculated in accordance with the formula:

P    +  D × 2.5   ;