Document ID: chunk:federal_register_of_legislation:C2004A03971:section:1990:p38
Version: federal_register_of_legislation:C2004A03971
Segment Type: section
Provision Reference: s 1990 (pt 38/38)
Character Range: 112673–113359

an election under section 62 and" after "then,".

Rate of standard age retirement pension

43. Section 56 of the Principal Act is amended:

    (a) by omitting subsection (2) and substituting the following subsection:

"(2) Where:

(a) a person is entitled to standard age retirement pension by virtue of subsection 55 (1); and

       (b) the person's period of contributory service before attaining the age of 65 years exceeds 30 years;

the annual rate of that pension is:

       (c) if that period of contributory service consists of 30 complete years and a part of a year—such percentage of the person's final annual rate of salary as is calculated in accordance with the formula: