27.1 For the purposes of this Part, the appropriate pension in respect of an office the name of which is specified in the first column of the following table is:
(a) in the case of an office held by a person who has made an election under section 34—a pension at the rate per annum specified in the second column of that table opposite to the name of that office; and
(b) in any other case—a pension at the rate per annum specified in the third column of that table opposite to the name of that office.
First Column<br>Office
Second Column<br>Rate per annum $
Third Column<br>Rate per annum $
Director (Institute of Advanced Studies)
4,822
3,276
Professor (Institute of Advanced Studies)
4,186
3,276
Professor (The Faculties)
4,094
3,276
Reader (Institute of Advanced Studies)
3,640
3,094
Associate Professor (The Faculties)
3,558
3,094
Senior Fellow (Institute of Advanced Studies)
3,458
3,002
Senior Lecturer (The Faculties)
3,366
2,912
Fellow (Institute of Advanced Studies)
3,184
2,548
Lecturer (The Faculties)
3,002
2,548
27.2 Subject to this section, the appropriate pension, for the purposes of this Part, in relation to an eligible member who holds on retirement an office specified in subsection 27.1 is the appropriate pension in respect of that office.
27.3 If a member referred to in subsection 27.2 has, on retirement, less than 40 years' university service (whether continuous or otherwise), the rate per annum of the appropriate pension in relation to the member is reduced:
(a) by $32 for each complete year by which that service is less than 40 years or by $320, whichever is the less; and
(b) by the amount specified in the following table opposite to his or her office for each complete year, if any, by which that service is less than 30 years:
Office
Amount<br>$
Director Institute of Advanced Studies)
96
Professor (Institute of Advanced Studies)
96
Professor (The Faculties)
96
Reader (Institute of Advanced Studies)
64
Associate Professor (The Faculties)
64
Senior Fellow (Institute of Advanced Studies)
80
Senior Lecturer (The Faculties)
80
Fellow (Institute of Advanced Studies)
80
Lecturer (The Faculties)
64
27.4 For the purposes of this Part, the appropriate pension in respect of an office other than an office referred to in subsection 27.1 is, subject to subsection 27.5, a pension at such rate per annum as is prescribed by the rules to be the appropriate pension in respect of that office and the appropriate pension in relation to an eligible member who on retirement holds that office is, subject to this section, the appropriate pension in respect of that office.
27.5 The rules may provide that there must be 2 or more appropriate pensions, at such rates as are specified, in respect of an office other than an office referred to in subsection 27.1 and, in that case, the rules must make provision for or in relation to the ascertainment of the appropriate pension in relation to each eligible member who holds such an office.
27.6 The appropriate pension in relation to an eligible member who on retirement holds an office in respect of which there are 2 or more appropriate pensions is the appropriate pension ascertained in accordance with the provisions referred to in subsection 27.5.
27.7 The rules may provide for the reduction of the rate per annum of the appropriate pension in relation to an eligible member who holds an office other than an office referred to in subsection 27.1 if his or her university service is, on retirement, less than a specified number of years.
27.8 If an eligible member makes, or is regarded as having made, under subsection 29.1, after a promotion referred to in that subsection, an election to continue to be an eligible member entitled to supplementary benefits as if the eligible member held the office that he or she held immediately before that promotion, the eligible member is, for the purposes of this section, to be regarded as holding the office that the member held immediately before that promotion.
27.9 If:
(a) a member has received, in respect of any of his or her university service a payment or benefit that is similar to, or of the same type as, a benefit payable under this Statute; or
(b) a member who, having taken the transfer of his or her policy or received an amount under subsection 37.2, is restored to health, is again employed by the University and again becomes an eligible member,
the rate per annum of the appropriate pension in relation to the member is reduced by an amount equal to the rate per annum, or, in the case of a married member, the initial rate per annum, of the annuity that could, in the opinion of the actuary, be purchased in respect of the member with an amount equal to the value that the benefit so received would, in the opinion of the actuary, have had on the retirement of the member if it had been invested at the time of receipt.
27.10 Without in any way affecting the generality of paragraph 27.9(a), a member is to be regarded as having received, in respect of any of his or her university service, a payment or benefit that is similar to a benefit payable under this Statute if, in relation to any part of that service:
(a) there has been paid to or in respect of the member a payment or benefit from a superannuation or retirement benefit scheme or arrangement; or
(b) there has been paid to, or in respect of, the member a refund of the contributions (including interest on those contributions, if payable) paid by the member to such a scheme or arrangement; or
(c) the member or any other person has a deferred entitlement to a benefit under such a scheme or arrangement.
27.11 If the Council has approved, as university service of a member for the purposes of this Part, a part only of the full-time service by the member as a teacher or other officer of another university or any other full-time service of a similar nature by the member, the whole of any payment or benefit received or regarded as having been received by the member in respect of the whole or a part of that full-time service is to be regarded, for the purposes of subsections 27.9 and 27.10, as having been received in respect of the part of the full-time service that has been approved by the Council.