Limerick Corporation Gas Undertaking (Pensions) Act, 1929

Calculation of weekly allowance.

6.—(1) A weekly pension granted to any employee shall not exceed one-sixtieth of the average weekly wage of such employee multiplied by the number of completed years of service of such employee.

(2) In computing the amount of any such weekly pension the Corporation may add years to the service of any employee who shall have given continuous satisfaction in his employment for not less than twenty years but such added years shall not exceed five in the case of any employee with less than thirty years service and shall not exceed seven in the case of any employee who has service of thirty years or upwards.

(3) Where the Corporation adds years to the service of any employee such added years shall be deemed to be completed years of service for the purpose of computing the amount of the weekly pension ascertainable under the provisions of sub-section (1) of this section.