609236-1928-Supplementary-Draft-Bills--Companies-Amendment-Widows-and-Orphans-Pension-Amendment — Page 4

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A.--OFFICER WHO COMMENCED TO CONTRIBUTE WHILE A BACHELOR

OR WHILE A WIDOWER WITHOUT ANY CHILD OF

PENSIONABLE AGE,

NOTE.-1. In this section (A)-

(a)

Li

First wife in the case of an officer who commenced to con- tribute while a widower without any child of pensionable age means the first wife married by such officer after his commencing to contribute.

b) "Marriage" in the case of au officer who commenced to con- Tribute while a widower without any child of pensionable age means the first marriage of snel officer after his com- mencing to contribute,

2. No registered pension is to be recorded unless and until the con- tributor marries.

1. FIRST WIFE'S PROSPECTIVE PEN-IN

Note. The registered pension to be recorded on marriage is found by adding together the two amounts calculated in accordance with the following Rules 14 and 1 (b), respectively.

(s) Pension in consideration of the contributions paid before

marriage.

RULE (@)-

Accumulate the contributions at 8 per cenf, compound interest, with yearly rests at cach 31st December, and mul- tiply the result by the quantity found from Table A corresponding to the respective ages next birthday of the husband and wife at the date of marriage.

The product gives the registered pension on account of the contributions paid before marriage.

(B) Pension in consideration of the annual contribution cur-

rent at the date of marriage.

NOTE. The amount of the current ammal contribution is obtained by multi- plying by 12 the amount of the last monthly contributions.

RULE 1 (6)-Turn to the section of Table B which contains in the heading the age of the husband at the date of completion of his period of contribution; and multiply the amount of the current annual con- tribution by the quantity found from that section corresponding to the res- pective ages next birthday of the hus- band and wife at the date of marriage.

The product gives the registered pension on account of the annual con- tribution current at the date of marriage,

Example

of the application of Rules 1 (4) and 1 (6).

Officer boru on.

.31st July, 1878,

Officer comituenced to contribute on ................... 1st April, 1904.

Officer married ou...................

....30th June, 1908.

Aunual contribution, 1st April, 1904, to

31st December, 1906

*

20.

Annual contribution, 1st January, 1907,

to date of marriage

$

30.

Date of completion of contribution period.......1st April, 1939. Wife born on

31st August, 1888.

Officer's age next birthday at date of

marriage

30.

Officer's age next birthday at completion

of contribution period..

61.

Wife's age next birthday at date of mar-

riage..

20.