Document ID: chunk:federal_register_of_legislation:F2004C00098:reg:184:p14
Version: federal_register_of_legislation:F2004C00098
Segment Type: reg
Provision Reference: reg 184 (pt 14/18)
Character Range: 82739–85631

under the superseded Act for units of pension at rates based on a retiring age of 60 years; and
                      (b) the amount equal to the amount in dollars ascertained in accordance with the formula:

                     reduced by 3⅓% of that amount for each year, or part of a year, included in the period commencing on the day immediately following the person's last day of service and ending on the day on which the person will attain the age of 60 years.
                      '(2) For the purpose of the application in relation to a prescribed person to whom this section applies of the formula in paragraph (1) (b):
                     A, B and F have the same meanings respectively as in subsection 227 (2).
                     C is:
                      (a) except where paragraph (b) applies — the number of complete years equal to the aggregate of:
                      (i) the person's period of previous service; and
                      (ii) the period commencing on the commencing day and ending on the day on which the person will attain or has attained, as the case may be, the age of 59½ years; or
                      (b) where, before the commencing day:
                      (i) the person attained the age of 59½ years; or
                      (ii) the person completed payment of contributions for the units of pension for which the person was contributing at rates based on a retiring age of 60 years;
                              such number of complete years as is included in the person's period of previous service.
                     D is such percentage as would, if section 227 applied in relation to the person, be applicable to the person in accordance with Schedule 9 if the person's age on his or her last day of service had been 60 years; and
                     E is:
                      (a) except where paragraph (b) applies — the number of dollars in the prescribed amount in relation to the person; or
                      (b) if:
                      (i) the person became an employee for the purposes of the superseded Act on or after 14 December 1959;
                      (ii) the number of complete years in the period that is the aggregate of the person's period of contributory service, any period during that period when the person was on leave of absence of a kind specified in section 228A and the period commencing on the day immediately following the person's last day of service and ending on the day on which the person will, or but for his or her death would, attain the age of 60 years is less than 20 years; and
                      (iii) the amount that is the prescribed amount in relation to the person is not less than $2,600;
                              the number of dollars in the sum of:
                      (iv) the first $2,600 included in the amount that is the prescribed amount in relation