Western Australian Consolidated Acts

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SUPERANNUATION AND FAMILY BENEFITS ACT 1938 - SECT 60A

60A .         Contributor remaining in service after 65 years of age

        (1)         Subject to subsection (3), where a contributor who has attained the age of 65 years remains in the Service for not less than one year after attaining that age, the pension which would be payable to him under the provisions of this Act, other than this section, shall be increased by an amount ascertained by multiplying the portion of the pension equivalent to the contributions made by him by a percentage ascertained in accordance with the table appended to this section.

Table

Age Attained on Retirement

Percentage

66 years .....................................................

7

67 years .....................................................

15

68 years .....................................................

23

69 years .....................................................

32

70 years .....................................................

42

        (2)         The amount by which a pension is increased pursuant to the provisions of subsection (1) is payable from moneys standing to the credit of the fund without contribution by the State.

        (2a)         Notwithstanding the provisions of section 46C, the pension payable to a former contributor who continued in service after attaining the age of 65 years — 

            (a)         in respect of the period which commences on the day after his retirement and ends on the next succeeding 31 December, shall, after taking into account any increase resulting from subsection (1), be increased by a further amount which represents the aggregate of the increases in the rates of pension which he would have received pursuant to section 46C if he had retired on attaining the age of 65 years; and

            (b)         shall thereafter be increased from time to time in accordance with the provisions of section 46C as if he had retired in the month of December of the year preceding the year in which he actually retired.

        (3)         Subsections (1) and (2) do not apply to or in relation to the pension of a contributor who has received any benefits under section 60B or 60C.

        [Section 60A inserted by No. 61 of 1960 s.3; amended by No. 27 of 1969 s.9; No. 47 of 1974 s.7; No. 49 of 1996 s.64.]



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