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: 123069–124373

365

where:

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

D is the number of days included in that part of a year; and

P2 is equal to:

(i) if the person's period of prospective service is not less than 20 years—1; or

(ii) if the person's period of prospective service is less than 20 years—2.".

Invalidity benefit where benefit reduced on medical grounds, period of contributory service not less than 8 years and election not made under section 71 or 72

52. Section 70 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 2 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 × 3.5   ;