Victorian Consolidated Legislation

Police Regulation Act 1958 - SECT 42

Entitlement to pensions

42. Entitlement to pensions



(1) Every member of the force to whom this Part applies shall upon his
retirement be entitled to receive an ordinary pension for life.

(2) Any member of the police force to whom this Part continues to apply after
the transfer day within the meaning of Part I of the Superannuation Act 1963
and who at that time or at any time thereafter holds the rank of Chief
Commissioner and who elects to retire at any time after attaining the age of
sixty years and before attaining the age of sixty-five years shall
notwithstanding anything to the contrary in this Act be entitled upon his
retirement to receive a pension for life in accordance with the following
provisions-

   (a)  the pension shall be a percentage as hereinafter provided of the
        pension which he would have received on retirement upon attaining the
        age of sixty-five years if his salary and years of service at that
        time were the same as on the actual day of retirement;

   (b)  if he retires on his sixtieth birthday the appropriate percentage
        shall be Seventy-five per centum;

   (c)  if he retires at any time after his sixtieth birthday the appropriate
        percentage shall be Seventy-five per centum plus an additional
        Five-twelfths per centum for every completed calendar month by which
        his age at the day of retirement is greater than on his sixtieth
        birthday.