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Modification of pension provisions of Principal Act as applied to certain Circuit Court judges.
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25.—In the case of a judge of the Circuit Court who is serving as such on or after the 19th day of December, 1996, paragraph 5 of Part II of the Second Schedule to the Principal Act shall have effect as if the following subparagraphs were substituted for subparagraphs (2) and (3) of that paragraph:
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“(2) There shall be granted to a judge of the Circuit Court to whom this paragraph applies and who, having reached the age of 65 years, vacates his office after 15 years or more of service a pension for life of one-half of his remuneration at the time of such vacation of office.
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(3) There shall be granted to a judge of the Circuit Court to whom this paragraph applies and who, owing to age or permanent infirmity, vacates his office after five years or more of service a pension for life of one-eighth of his remuneration at the time of such vacation of office with the addition of three-eightieths of such remuneration for every completed year of service in excess of five, subject to a maximum pension of one-half of such remuneration.”.
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