Regulation 24 Pension at age fifty-five

A contributor may at the time he becomes a participant in the Scheme elect to have this regulation applied to him instead of being subject to regulation 23.

A contributor to whom this regulation applies who has paid special contributions under regulation 14(1) and who has completed not less than five years contributory service shall be granted a pension calculated in the manner prescribed in regulation 23 on attaining the age of fifty-five years, or, if he attains that age during the currency of a contract for overseas service, on the date following the date of termination of that contract, whichever is the later.