Document ID: chunk:federal_register_of_legislation:C1963A00102:body:0:p4
Version: federal_register_of_legislation:C1963A00102
Segment Type: other
Provision Reference: 
Character Range: 7610–10388

multiple of sixty-five, the next lower number that is such a multiple;
      B is the number of pounds in the prescribed amount;
      C is the number of pounds in the amount by which the salary of the employee at that time exceeds the prescribed amount or, if the number so ascertained is not a multiple of one hundred and fourteen, the next lower number that is such a multiple;
      D is the number by which the number of years of prospective service of the employee exceeds ten; and
      E is the number of units of pension for which the employee would be required to contribute at that time under paragraph (a) of the last preceding sub-section if that paragraph were applicable to him.
"(3a.) For the purposes of the last two preceding sub-sections, the prescribed amount is Two thousand six hundred pounds or such other amount, being a multiple of Sixty-five pounds, as is specified in the regulations for the purpose of this sub-section.
"(3b.) In making a regulation for the purpose of the last preceding sub-section, the Governor-General—
        (a) is not required to act on the recommendation of the Board; and

              (b) shall have regard to any general variations in the rates of salaries of employees that have occurred.";
        (b) by omitting sub-section (5.) and inserting in its stead the following sub-section:—
        "(5.) The number of units of pension for which an employee would otherwise be required to contribute at any time shall be reduced by the number of units of pension (if any) by which the number of units of pension ascertained in accordance with sub-section (2.) of this section as it applied immediately before that time, having regard to his salary immediately before that time, exceeds the number of units of pension for which he was then a contributor."; and
        (c) by omitting sub-section (8.) and inserting in its stead the following sub-section:—
        "(8.) Where an employee to whom the last preceding sub-section applies—
                 (a) was a contributor for a number of units of pension less than the number of units ascertained in accordance with sub-section (2.) of this section as it applied immediately before his salary was increased, having regard to his salary immediately before it was increased; and
                 (b) does not elect under the last preceding sub-section,
         he may elect to contribute for such number of additional units of pension as does not exceed the difference between the number of units ascertained in accordance with sub-section (2.) of this section as it applied immediately before his salary was increased, having regard to his salary immediately before it was increased, and the number of units for which he was a contributor.".

9. Section twenty-two of the