42ABenefit on attaining 65 or 70

#### 42A Benefit on attaining 65 or 70 42A Benefit on attaining 65 or 70 > > (1) A contributor who attains 70 years of age must be paid any benefit to which the contributor would be entitled on retirement at that age but may elect to preserve the whole of the benefit. > > > (2) (Repealed) > > > (2A) An employee may elect, at any time on or after attaining 65 years and before attaining 70 years— > > > > > (a) to be paid any benefit to which the employee is entitled at the time of the election, or > > > > > (b) to preserve the whole of the benefit, > > > > even though the employee is not retired. > > > (3) STC is to adjust the amount of a benefit payable under this section, having regard to any adjustment of a contributor’s account under section 16. > > > (4) If an amount is preserved under this section, it is payable in the same way as a benefit under section 43. > > > (5) A person paid a benefit under this section is not entitled— > > > > > (a) to any further benefit under this Act in respect of the same period of service, or > > > > > (b) to contribute to the Fund or to accrue any further benefits under this Act. > > **s 42A:** Ins 1992 No 35, Sch 1. Am 1993 No 42, Sch 4; 1993 No 111, Sch 5 (16); 1996 No 39, Sch 4; 1997 No 149, Sch 1.6 \[7\]–\[10\].