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Superannuation allowances and gratuities.
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21.—(1) The Commissioners may, at their discretion, grant to any whole-time officer or servant in their employment who either—
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(a) has attained the age of sixty-five years and has at least twenty-five years' continuous service, or
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(b) becomes incapable of discharging his duties with efficiency by reason of permanent infirmity of mind or body not caused by his own misconduct, or of old age, and who has not less than ten years' continuous service,
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upon his resigning or otherwise ceasing to be employed an annual allowance for his life not exceeding in any case two-thirds of his annual remuneration and emoluments and subject to that over-riding, limitation, not exceeding in annual sum calculated at the rate of one-sixtieth of his annual remuneration and emoluments for every completed year of service with the Commissioners.
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(2) The Commissioners may, at their discretion, grant to any whole-time officer or servant in their employment who has at least ten years' continuous service and who retires or is removed from his employment in consequence of the abolition of his office or situation, or for the purpose of facilitating improvements in the organisation or working of the undertaking of the Commissioners, by which greater efficiency and economy can be effected, such special annual allowance for his life by way of compensation as on full consideration of the circumstances shall appear to the Commissioners to be a reasonable and just compensation for the loss of his office or situation, but not exceeding in any case two-thirds of his annual remuneration and emoluments, and subject to that over-riding limitation not exceeding an annual slim calculated at the rate of one-sixtieth of his annual remuneration and emoluments for every completed year of service with the Commissioners.
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(3) The Commissioners may, at their discretion, grant to any whole-time officer or servant in their employment, whose service is less than ten years, and who either—
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(a) becomes incapable of discharging his duties with efficiency by reason of permanent infirmity of mind or body not caused by his own misconduct, or of old age, or
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(b) who retires or is removed from his employment in consequence of the abolition of his office or situation, or for the purpose of facilitating improvements in the organisation or working of the undertaking of the Commissioners by which greater efficiency and economy can be effected,
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upon his retiring or ceasing to be employed, a gratuity not greater than one-sixth of his annual remuneration and emoluments for every completed year of service with the Commissioners.
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(4) The payment of any allowances, and gratuities authorised to be paid by this section shall be a purpose to which the tolls, and other income received by the Commissioners may be applied.
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(5) The grant of any annual allowance, or gratuity made prior to the 1st day of June, 1926, by the Commissioners to any of their former officers or servants is hereby confirmed, and the payment thereof is hereby declared to be a purpose to which the tolls and other income received by the Commissioners would have been and may be applied, notwithstanding that the amount, of any such allowance or gratuity exceeds the rate authorised by this section.
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(6) In this section the expression “annual remuneration and emoluments” means in relation to an officer or servant who has been employed for not less than three years the average amount of remuneration and emoluments during the three years ending on the day on which he resigns or otherwise ceases to be employed, and in relation to an officer or servant who has been employed for less than three years the average amount of his remuneration and emoluments during each completed year of service.
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