Commonwealth Consolidated Acts Commonwealth Consolidated ActsSection eighteen of the Principal Act is amended by omitting sub-sections (6.) and (7.) and inserting in their stead the following sub-sections:--
" ( 6.) The rate of pension payable to a person under this section is such percentage of the rate of the parliamentary allowance to which that person was entitled immediately before he became entitled to pension as is ascertained in accordance with the following scale:--
Age of member on becoming entitled to pension. | Percentage of parliamentary allowance to be paid as pension. |
40 years | 30 per centum |
41 years | 34 per centum |
42 years | 38 per centum |
43 years | 42 per centum |
44 years | 46 per centum |
45 years or over | 50 per centum |
"(7.) Where a person--
(a) is entitled to a pension that became payable to him under the preceding provisions of this section at the age of forty-five years or over; and
(b) has (whether before or after becoming entitled to that pension) attained the age of sixty-five years,
there is payable to that person additional pension at the rate of Three pounds per week.".