SECTION 4: AGE RETIREMENT BENEFITS
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Revised benefits to be instead of other benefits
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| 4.57 |
Any superannuation award made in accordance with Rule 4.50,
4.52, 4.53, or 4.54 shall be instead of any corresponding award which might
otherwise have become due under the Rules in relation to the re-employment.
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Contributions during re-employment
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| 4.58 |
Sections 2 and 6 apply to a re-employed member in the same
way as to other members, with the following modifications:
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(i) |
If Rule 4.50 applies to him, periodical contributions will
not be required for more than the first 5 years of reckonable service during
the re-employment to which the Rule applies (except periodical contributions
under Rule 2.02 in respect of service on or after 6 April 1978); and periodical
contributions under Rules 2.02, 2.06, 6.52 and 6.53 will be calculated on
his pensionable final earnings at his earlier retirement or cessation of
employment, if that is greater than his current full-time pensionable earnings.
This basis of calculation will also be applied to periodical contributions
under Rule 2.01 if Rule 4.05(i) applies. Where there is part-time service
during re-employment, the contributions to which this paragraph applies
will be based on the greater of the said pensionable final earnings or current
full-time pensionable earnings and calculated on a pro-rata basis according
to the number of hours worked. The limit of 15 % in Rule 2.09 will, however,
always be based upon his current pensionable earnings. (If he begins re-employment
more than once in the circumstances specified in Rule 4.50, the reference
in this paragraph to his earlier retirement or cessation of employment will
be taken as a reference to his first retirement or cessation of employment.)
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(ii) |
If Rule 4.50, 4.51, 4.52(i), or 4.54(i) is applied to him,
then for the purposes of Section 6 (family benefits):
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(a) |
his pensionable final earnings will be calculated on the
same basis as for his own pension award;
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(b) |
any calculation of reckonable service prior to the 6 April
1978 for the purposes of Rules 6.04 and 6.07 will be on the same basis as
that for his own pension award, or, if he dies in service, on the same basis
on which his own pension would have been calculated if he had retired on
medical grounds at the date of his death;
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(c) |
the calculation of balances of contributions or refunds of
contributions will be adjusted to take account of any such contributions
or refunds paid at his earlier retirement or cessation of employment.
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(iii) |
If he opted for two separate awards under Rule 4.52(ii), 4.53(ii)
or 4.54(ii), his two periods of service will similarly be treated separately
for the purposes of Section 6; except that sub-paragraph (ii) of this Rule
will apply if on final retirement or cessation of employment his earlier
pension is restored in full under Rule 4.52, with no account taken of service
during re-employment.
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(iv) |
If Rule 4.51(c) is applied to him or if his earlier pension
is restored in full under Rule 4.52, with no account taken of service during
re-employment he shall be entitled to a return of basic contributions in
respect of contributions paid during the re-employment.
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