Article 6 Office-holder’s benefits

(1)

As from his attainment of pensionable age, an office-holder shall be entitled for the purposes of this Order to a pension under a scheme for his life.

(2)

Subject to paragraphs (3) and (4) below, the annual rate of the officer-holder’s pension under paragraph (1) shall be 1¼ per cent of his final salary multiplied by the number of years of relevant service completed by him before he attained pensionable age.

(3)

Paragraph (2) above shall not apply in relation to an officer-holder who—

(a)

ceases to hold office before normal pension age, and

(b)

has completed less than five years' qualifying service for the purposes of Schedule 16 to the Act of 1973 (preservation) as originally enacted^f1.

(4)

Any part of the pension under paragraph (1) above in excess of the office-holder’s guaranteed minimum pension shall be postponed for any period for which he continues in employment (whether or not employment to which the scheme relates) after attaining pensionable age.

Annotations

Footnotes

f1: For the purpose of articles 6 and 7 of this Order not as amended by section 10 of the Social Security Act 1986 (c. 50).