Document ID: chunk:federal_register_of_legislation:C2015A00120:clause:1_14
Version: federal_register_of_legislation:C2015A00120
Segment Type: clause
Provision Reference: sch 1 cl 14
Character Range: 10102–10691

14  Subsection 23(1)
Repeal the subsection, substitute:
 (1) A contributing member is entitled, on the member's retirement, to retirement pay at the rate applicable to the member under this section if:
 (a) the member retires and is not entitled to invalidity benefit; and
 (b) on the member's retirement:
 (i) the member's total period of effective service is not less than 20 years; or
 (ii) the member's total period of effective service is not less than 15 years and the member has attained the retiring age for the rank held by the member immediately before the member's retirement.