TNAG-0697-FCO40-847-Pension-scheme-for-governors-1978 — Page 137

SECTION 6 : COMMUTATION OF PENSION

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6.1 In granting a Governor a pension under this Scheme the Minister may, on the

Governor's application, commute by the payment of a capital sum part of the pension,

not exceeding one-fourth of the yearly amount, which the Governor might have

received but for the commutation.

6.2 The amount of the capital sum which is to be paid on the commutation of part

of a pension granted under this Scheme shall be the amount produced by multiplying

the yearly amount of that part of the pension which is commuted by eleven and a

half.

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