13Increases in annual pension

13 Increases in annual pension

[Section 13 Amended by No. 91 of 1999, s. 29, Applied:15 Dec 1999] [Section 13 Inserted by No. 18 of 1999, s. 15, Applied:14 May 1999] If part of the pension payable under this Act is commuted, any future increase in the annual pension as a result of an increase in the appropriate judicial salary is to be calculated in accordance with the following formula:

where –

P is the new pension payable to a person in receipt of a pension under this Act;

RP is the pension payable to a person in receipt of a pension under this Act immediately before the increase;

A is the current appropriate judicial salary;

B is the appropriate judicial salary immediately before the increase.