Papua New Guinea (Staffing Assistance) (Superannuation) Regulations 1973
17Election to contribute for additional unit at 60 years of age
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17 Election to contribute for additional unit at 60 years of age
(1) Subject to these Regulations, a contributor who made an election in accordance with regulation 16 of these Regulations as in force at any time before 1 July 1976 and becomes eligible or is required to contribute for an additional unit or units of pension in pursuance of these Regulations may, within six months from the date upon which the increased contribution becomes payable, elect to contribute for that additional unit or those additional units, at the appropriate rate based on a retiring age of sixty years in the case of a male or fifty‑five years in the case of a female. (2) A contributor who: (a) made an election in accordance with regulation 16 of these Regulations as in force at any time before 1 July 1976 to contribute at rates based on a retiring age of fifty‑five years or fifty years, as the case may be; (b) has attained that age but has not attained the age of sixty years or fifty‑five years, whichever is appropriate; and (c) but for the provisions of subregulation 10(5), would have been eligible or required to contribute for an additional unit of pension; may, within six months from the date upon which, but for subregulation 10(5), the increased contribution would have become payable, elect to contribute for that additional unit at the appropriate rate based on a retiring age of sixty years or fifty‑five years, whichever is appropriate. (3) Where a contributor has made an election under subregulation (1) or (2): (a) any further additional unit of pension for which he commences to contribute after that election shall be at the appropriate rate based on a retiring age of sixty years in the case of a male, or of fifty‑five years in the case of a female; and (b) the maximum age for retirement of that contributor is, in respect of the additional units of pension in relation to which this regulation applies, sixty years in the case of a male or fifty‑five years in the case of a female.