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Cap. 318 · Social Security Act (Cap. 318)

Cap. 318 ст. 55Reduced rates of the Two-Thirds Pension. Re-numbered by: XXIV. 1993.2.

PART V

ДействуетОфициальный текст

Where a person would be entitled to the full rate of a Two-

Thirds Pension but for the fact that the yearly average of 50

contributions required by article 53 is not satisfied, such person shall nonetheless be entitled, if the said average is not less than 15

to a reduced Two-Thirds Pension; and for the purpose of determining such reduced pension the proportion of two-thirds referred to in articles 53 and 54 or any other proportion substituted therefor in accordance with proviso (c) of the said article 53 shall be multiplied by the proportion that the yearly average of contributions paid or credited (other than those credited under article 16 while the insured person was entitled to a pension under article 26) bears to 50, and the result of such multiplication shall substitute the said proportion of two-thirds.