Public Service Pensions (Single Scheme and Other Provisions) Act 2012

Amendment of section 4 of Act of 1961.

64.— Section 4 of the Act of 1961 is amended—

(a) in subsection (2), by substituting “Subject to subsection (2A) of this section, upon the grant of a pension” for “Upon the grant of a pension”, and

(b) by inserting the following subsection after subsection (2):

“(2A) Upon the grant of a pension, to any person to whom this section applies, pursuant to regulations under section 5 of the Courts (Supplemental Provisions) (Amendment) Act 1991 where the amount of the pension payable is actuarially reduced by reason of that person not having reached the appropriate age within the meaning of section 6 of that Act, the amount of a gratuity granted to that person under subsection (2) of this section shall be actuarially reduced by reference to—

(a) the age of that person on the date on which he or she ceases to hold office as the Master of the High Court or Taxing Master, as the case may be, and

(b) the appropriate age as aforesaid of that person,

in accordance with actuarial tables approved and issued from time to time by the Minister.”.