40Payment of additional sum when contributions refunded

40 Payment of additional sum when contributions refunded

Where, on or after 1 July 1967, a contributor receives or has received a refund of his contributions under regulation 39, he is entitled to be paid an additional sum of: (a) Two dollars per unit of pension for each complete year of service during the period that commenced on 1 July 1957 and ended on 30 June 1967; and (b) Three dollars per unit of pension for each complete year of service during the period that commenced on 1 July 1967; less a reduction of four and three‑quarters per centum for each complete year between the date of his resignation, retirement or dismissal and the date on which he would reach the maximum age for retirement, subject to a minimum payment of two‑thirds of the benefit that would have been payable to him under paragraph (a) or (b).