Courts of Justice Act, 1953

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Pensions of justices.

8.—(1) There shall be granted to a justice who, having reached the age of sixty-five years, retires after twenty years' service or upwards a pension for life of two-thirds of his remuneration at the time of his retirement.

(2) There shall be granted to each justice who, owing to age or permanent infirmity, ceases to hold office after five years' service or upwards a pension for life of one-sixth of his remuneration at the time of vacation of office with the addition of one-thirtieth of such remuneration for every completed year of service in excess of five, subject to a maximum pension of two-thirds of such remuneration.

(3) This section shall not apply to a person holding office as a justice on the passing of this Act unless he so elects by notice in writing given to the Minister for Finance within three months after such passing. In that event, the provisions of the Acts in relation to pensions of justices shall no longer apply to him.

(4) Subsection (5) of section 48 of the Act of 1936 shall apply to a pension granted under this section or under section 19 of the Act of 1946.