Document ID: chunk:federal_register_of_legislation:C2004C00460:section:7
Version: federal_register_of_legislation:C2004C00460
Segment Type: section
Provision Reference: s 7
Character Range: 15038–16102

7  Increases in deferred pensions

  An eligible pensioner who is in receipt of a deferred pension is entitled to an increase in the rate of his pension of an amount per annum ascertained in accordance with the formula , where:

a is the amount per annum of the deferred pension as at the date on which that pension became payable;

b is the category number applicable under section 4A of the Defence Forces Retirement Benefits Act 1948‑1971 to a rate of annual pay the same as the notional rate of annual pay of the pensioner;

c is the category number applicable under section 4A of the Defence Forces Retirement Benefits Act 1948‑1971 to the maximum annual rate of pay determined by the Minister for Finance in relation to the pensioner under subsection (6) of section 3 of this Act; and

d is the category number applicable under section 4A of the Defence Forces Retirement Benefits Act 1948‑1971 to a rate of annual pay the same as the maximum rate of annual pay that was applicable to the pensioner at the time immediately before he ceased to be a member.