Document ID: chunk:federal_register_of_legislation:C1965A00097:body:0:p9
Version: federal_register_of_legislation:C1965A00097
Segment Type: other
Provision Reference: 
Character Range: 19905–22502

of which he is required to contribute to a number not being less than two.
"(7.) Any additional contribution payable by reason of an increase in the salary of an employee is payable as from the date upon which his salary is increased, or as from the date as from which his salary is increased, whichever is the later.

"(8.) Any additional contribution payable by reason of an increase in the prescribed amount is payable as from the date of the increase.
"(9.) Where an employee who became or becomes an employee on or after the fourteenth day of December, One thousand nine hundred and fifty-nine, and to whom the proviso to section forty-three of this Act applies ceases to be an employee at an earlier age than his selected retiring age—
       (a) that earlier age shall be deemed to have been his selected retiring age; and
       (b) where necessary, the number of units for which he was required to contribute shall be deemed to have been reduced accordingly.
"(10.) For the purposes of this section—
       (a) the selected retiring age of an employee is, subject to the last preceding sub-section—
             (i) in the case of an employee who has made an election under section twenty-four of this Act—the age of sixty years; and
             (ii) in any other case—the age of sixty-five years; and
       (b) the number of years of prospective service of an employee is the number of complete years between the date upon which he became an employee and the date upon which he will attain his selected retiring age.

Rights of employees over 40 years of age in event of increase in salary or prescribed amount.
"20a.—(1.) If the salary of an employee who has attained the age of forty years is increased and, by reason of the increase, the employee would, but for this sub-section, be required to contribute for an additional unit or units of pension, he may, not later than six months after the date upon which his salary is increased, elect not to contribute for all or any of the additional units attributable to the increase.
"(2.) If the prescribed amount is increased and, by reason of the increase, an employee who had attained the age of forty years before the date of the increase would, but for this sub-section, be required to contribute for an additional unit or units of pension, he may, not later than six months after that date, elect not to contribute for all or any of the additional units attributable to the increase.
"(3.) Where an employee to whom sub-section (1.) or sub-section (2.) of this section applies—
       (a) was a contributor for a number of units of