TNAG-0697-FCO40-847-Pension-scheme-for-governors-1978 — Page 138

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SECTION 7 : ALLOCATION

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7.1

Subject to the provisions of this Section a Governor who is granted a pension (other than an ill-health pension) under Section 3:

(a) may allocate part of that pension in favour of his spouse or of a

dependant, at the time the pension comes into payment; and

(b) may allocate part of that pension in favour of his spouse, within three

months of marrying her, if he is below the age of 70 and has married since

the pension came into payment.

7.2 A Governor who retired before the 1st September 1955 shall not be allowed to

allocate a part of his pension under paragraph 7.1.

7.3 When an allocation under paragraph 7.1 is made, a pension will be paid to the

beneficiary as follows:

(a) If the allocation is made under "option A", and the beneficiary survives

the Governor, the pension will be paid from the day after the date of the

Governor's death until the date of the date of the beneficiary's death.

(b) If the allocation is made under "option B", the pension will be paid

from the date on which the allocation declaration has effect under

paragraph 7.32, until the date of the beneficiary's death.

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An allocation in favour of a spouse may be made under either option A or option B,

but an allocation in favour of a dependant must be made under option A.

7.4 The annual amount of a pension under paragraph 7.3 will be calculated

according to the appropriate table drawn up by the Government Actuary's Department and in force at the time the allocation is made; and will be determined by the age

and sex of the Governor, by the age and sex of the beneficiary, and by the amount of pension allocated.

7.5

Where paragraph 7.3(b) applies, and where the beneficiary survives the

Governor, the annual amount of pension payable to be beneficiary will be doubled

with effect from the day after the date of the Governor's death.

7.6 The annual amount of pension allocated under paragraph 7.1 must be an exact number of pounds and may not exceed:

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