Document ID: chunk:federal_register_of_legislation:F2022C00997:reg:30
Version: federal_register_of_legislation:F2022C00997
Segment Type: reg
Provision Reference: reg 30
Character Range: 46452–49872

30  Amount of pension on retirement on or after maximum age for retirement
 (1) Where a contributor retires on or after attaining the maximum age for retirement, he shall be entitled to receive a pension according to the number of units in respect of which his contributions had been fully paid.
 (2) Where a contributor, being a male, retires not less than one year after attaining the maximum age for retirement, the pension payable to him in accordance with subregulation (1) 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—55 years   Maximum Age for Retirement—60 years
Age Attained on Retirement            Percentage                            Age Attained on Retirement   Percentage
56 years                               6                                    61 years                      6
57 years                              12                                    62 years                     13
58 years                              18                                    63 years                     20
59 years                              25                                    64 years                     28
60 years or over                      33                                    65 years or over             37

 (3) Where a contributor, being a female, retires not less than one year after attaining the maximum age for retirement, the pension payable to her in accordance with subregulation (1) shall be increased by an amount ascertained by multiplying the portion of the pension equivalent to the contributions made by her by a percentage ascertained in accordance with the following table:

Maximum Age for Retirement—50 years   Maximum Age for Retirement—55 years
Age Attained on Retirement            Percentage                           Age Attained on Retirement   Percentage
51 years                               6                                   56 years                      6
52 years                              12                                   57 years                     12
53 years                              18                                   58 years                     19
54 years                              25                                   59 years                     27
55 years or over                      32                                   60 years or over             35

 (4) Where a male contributor who has attained the maximum age for retirement dies before retirement and is survived by a widow, the pension that would be payable to the widow under the provisions of these Regulations other than this regulation shall be increased by an amount ascertained by multiplying that portion of the pension that is equivalent to the contributions made by her husband by the percentage that would have been applicable under subregulation (2) in relation to his pension, if he had retired immediately before his death.
 (6) For the purposes of this regulation, a contributor who resigns on or after attaining the maximum age for retirement, or whose services are terminated by reason of the fact that he has attained that age, shall be deemed to have retired.
 (7) Subregulations (2), (3) and (4) do not apply to or in relation to a contributor to whom regulation 32 applies.