Local Government (Superannuation) Act, 1956
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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. |