Document ID: chunk:federal_register_of_legislation:C1971A00046:body:0:p45
Version: federal_register_of_legislation:C1971A00046
Segment Type: other
Provision Reference: 
Character Range: 104001–106498

of this section, the amount of any pension or lump sum constituting or forming part of any deferred benefits shall be as determined by the Board.
"(4.) In furnishing advice to the Board in relation to the determination of the amount of a pension or lump sum constituting or forming part of any deferred benefits applicable in respect of a person, an actuary shall have regard to actuarial principles and practice and shall take into account all relevant matters, including—
     (a) the matters that he would be required to take into account by virtue of sub-section (2.) of the last preceding section if he were furnishing advice to the Board in relation to a determination of the value of the rights of the person under this Act as at the time immediately before he ceased to be a contributor to the Fund or to the Provident Account;
     (b) the circumstances in which, and the conditions on which, the pension or lump sum would be payable;
     (c) the circumstances in which the deferred benefits would cease to be applicable in respect of the person and the amount of any benefit that would be payable to or in respect of the person in the event of the occurrence of those circumstances;
     (d) the respective rates of mortality and invalidity that are assumed, for the purposes of the advice, to apply in relation to the person; and
     (e) the rates of interest that it is assumed, for the purposes of the advice, will be earned by the assets of the Fund.

"(5.) Where a deferred benefit by way of a pension that is applicable in respect of a person who has made an election under section twenty-four of this Act becomes payable not earlier than one month after the person attains the age of sixty years, so much of the pension as is attributable to units of pension the contributions for which were at a rate based on a maximum age for retirement of sixty years shall be increased by the amount by which it would have been increased under section forty-four of this Act if the pension had been payable under the provisions of this Act other than this Part.
"(6.) Where, by reason of the giving of a notice by a person under paragraph (c) of sub-section (2.) of section one hundred and nineteen w of this Act, a deferred benefit by way of a pension becomes payable to the person after he attains the age of sixty years but before he attains the age of sixty-five years—
     (a) if the person is not a person to whom such a pension had previously been paid by reason of the Board having