CAP. 94]
Widows and Orphans Pension.
I. FIRST WIFE'S PROSPECTIVE PENSION.
NOTE. The registered pension to be recorded on marriage is found by adding together the two amounts calculated in accordance with the following Rules I (a) and I (b), respectively.
(A) Pension in consideration of the contributions paid before marriage.
RULE I (a)—Accumulate the contributions at 8 per cent, compound interest, with yearly rests at each 31st December, and multiply 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 current at the date of marriage.
NOTE.
The amount of the current annual contribution is obtained by multiplying by 12 the amount of the last monthly contribution,
RULE I (b)—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 contribution by the quantity found from that section 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 annual contribution current at the date of marriage.
Example of the application of Rules I (a) and I (b).
Officer born on : 31st July, 1878.
Officer commenced to contribute on 1st April, 1904.
Officer married on 30th June, 1908.
Annual 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 marriage 20.
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N
CAP. 94]
Widows and Orphans Pension.
I. FIRST WIFE'S PROSPECTIVE PENSION.
NOTE. The registered pension to be recorded on marriage is found by adding together the two amounts calculated in accordance with the following Rules I (a) and I (b), respectively.
(A) Pension in consideration of the contributions paid before
marriage.
RULE I (a)—Accumulate the contributions at 8 per cent, compound interest, with yearly rests at each 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 current
NOTE.
at the date of marriage.
The amount of the current annual contribution is obtained by multi- plying by 12 the amount of the last monthly contribution,
RULE I (b)-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 mar- riage.
Example
of the application of Rules I (a) and I (b).
Officer born on
:
31st July, 1878.
Officer commenced to contribute on Officer married on
1st April, 1904.
30th June, 1908.
Annual 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
marriage
20.
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