Cap. 318 · Social Security Act (Cap. 318)
Cap. 318 Art. 50NationalMinimum Pension.
PART V
Subject to the provisions of this Act, a person born on or before the 31st December 1961 who is not entitled to a Service
Pension shall be entitled under this Part to a National Minimum
Pension, the highest rate of which, including any increases in terms of the provisions of article 90A, shall be equivalent to -
(a) in the case of a married person whose spouse is not in receipt of a social security pension, four-fifths, and
(b) in the case of any other person, two-thirds of the national minimum wage as is applicable to persons of 18 years of age or over established by a National Standard Order issued under the Employment and Industrial Relations Act during the period in respect of which such pension is due:
Provided that with effect from the 1st January 2016, a person born on or after the 31st December 1961 who is not entitled to a Service Pension shall be entitled to the Guaranteed Mininum Level of Pension according to the Twelfth Schedule.
Änderungsgeschichte
- Amended by XXV.1994.9