Document ID: chunk:federal_register_of_legislation:F2004C00098:reg:184:p13
Version: federal_register_of_legislation:F2004C00098
Segment Type: reg
Provision Reference: reg 184 (pt 13/18)
Character Range: 80182–82999

when the person was on leave of absence of a kind specified in section 228A is less than 20 years; and
                      (iii) the amount that is the prescribed amount in relation to the person is not less than $2,600;
                              the number of dollars in the sum of:
                      (iv) the first $2,600 included in the amount that is the prescribed amount in relation to the person; and
                      (v) the balance of that prescribed amount multiplied by the factor specified in column 2 of Schedule 10 opposite to the number of complete years specified in column 1 of that Schedule that is equal to the number of complete years, where the person ceases to be an eligible employee on attaining the age of 60 years, in his or her period of contributory service and any period during that period when the person was on leave of absence of a kind specified in section 228A or, where the person ceased to be an eligible employee after attaining that age, in what would have been his or her period of contributory service if the person had ceased to be an eligible employee on attaining that age and any period during that period when the person was on leave of absence of a kind specified in section 228A; and
                     F is:
                      (a) except where paragraph (b) applies — the number of units ascertained in accordance with the provisions of subsection 20 (2) of the superseded Act applicable, immediately before the person's previous entitlement day, in relation to the person; or
                      (b) if, immediately before that day, subsection 20B (1) of the superseded Act applied in relation to the person — the number of units as ascertained in accordance with the provisions of subsection 20 (2) of the superseded Act applicable in relation to the person immediately before subsection 20B (1) of the superseded Act commenced or last commenced to apply in relation to the person.
                           '228 Certain prescribed persons — annual rate of standard early retirement pension

                      '(1) Where a person, being a prescribed person to whom this section applies, is entitled to standard early retirement pension by virtue of section 59, the annual rate of that pension is the amount per annum equal to the aggregate of:
                      (a) the amount per annum to which the person would be entitled in accordance with section 60 if he or she were a prescribed person who was not, immediately before his or her previous entitlement day, contributing under the superseded Act for units of pension at rates based on a retiring age of 60 years; and
                      (b) the amount equal to the amount in dollars ascertained in accordance with the formula:

                     reduced by 3⅓% of that amount