Papua New Guinea (Staffing Assistance) (Superannuation) Regulations 1973
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Papua New Guinea (Staffing Assistance) (Superannuation) Regulations 1973
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Turn the raw legal text into a practical explanation grounded in Papua New Guinea (Staffing Assistance) (Superannuation) Regulations 1973.
(1) A pensioner, other than a widow or child pensioner, who became entitled to a pension before 30 June 1973, is entitled, in addition to that pension and to any benefits payable under subsection 44A(1), (1A) or (1B) of the Superannuation Ordinance, to receive an additional pension each fortnight at the rate of Four cents in respect of each unit of pension for each complete financial year for which he had been a pensioner during the period commencing on 1 July 1967. (2) In the case of a pensioner receiving a pension under regulation 32 or 36, for the purposes of a calculation under subregulation (1), the number of units of pension shall be ascertained by dividing the annual amount of the pension by Ninety‑one dollars.