Document ID: chunk:federal_register_of_legislation:C2004A01463:body:0:p39
Version: federal_register_of_legislation:C2004A01463
Segment Type: other
Provision Reference: 
Character Range: 89584–92302

relation to a prescribed employee, that section shall be read as if the sum referred to in sub-section (1) of that section were the sum calculated by adding an amount equal to 3 times the aggregate of—

    (a) the contributions paid by him to the Provident Account under section 80 of this Act; and
    (b) compound interest on those contributions at the rate or rates applicable for the purposes of Part V,
to an amount ascertained in accordance with paragraph (c), (d) or (e) of this sub-section, whichever is applicable, that is to say—

    (c) if sub-section (6) of this section applies in relation to the employee—an amount ascertained by multiplying by the factor applicable in accordance with sub-section (6) in relation to the employee the aggregate of the amount paid to the Provident Account, or to the new Superannuation Fund, in respect of the employee under paragraph (a) of sub-section (4) of this section and compound interest on that amount as provided in sub-section (8) of this section;
    (d) if sub-section (7) of this section applies in relation to the employee—in respect of each part, as determined in accordance with sub-section (7), of the amount paid by the Board to the Provident Account, or to the new Superannuation Fund, in respect of the employee under paragraph (a) of sub-section (4) of this section—

       (i) if paragraph (c) of sub-section (7) of this section applies in relation to the part—an amount ascertained by multiplying by the factor applicable, in accordance with sub-section (7) in relation to that part, the aggregate of the amount of that part and compound interest on that last-mentioned amount as provided in sub-section (8) of this section; or
       (ii) in any other case—an amount ascertained by aggregating the amount of that part and compound interest on that last-mentioned amount as provided in sub-section (8) of this section; or
    (e) in any other case—an amount ascertained by aggregating the amount paid to the Provident Account in respect of the employee under paragraph (a) of sub-section (4) of this section and compound interest on that amount as provided in sub-section (8) of this section.

"(6) Subject to sub-section (7) of this section, where a prescribed employee would, under the law in force in the State on the day immediately before the relevant date, have been entitled to be paid from the State Fund, upon ceasing to be a contributor to the State Fund upon attaining the age for his retirement, an amount calculated by reference, among other things, to the amount ascertained by multiplying the sum of his contributions to the State Fund by a particular factor—

(a) this sub-section applies in relation to the employee; and
    (b)