Local Government (Superannuation) Act, 1956

Determination of allowance granted to pensionable servant.

37.—The allowance to be granted to a pensionable servant under section 36 of this Act on his ceasing to hold his employment shall be either—

(a) an allowance at the rate per week of one-sixtieth of his pensionable remuneration multiplied by the number of the years of his pensionable local service, or

(b) an allowance at the rate per week of two-thirds of his pensionable remuneration,

whichever is the less.