52CPensions at retiring age

#### 52C Pensions at retiring age 52C Pensions at retiring age > > (1) A person referred to in section 52A (1) who has not received any other benefit under this Division and who applies to STC to receive a pension under this section is entitled to receive that pension— > > > > > (a) on the person’s attaining the maturity age, > > > > > (b) where any employment which, on the person’s ceasing to be a contributor, the person was entitled to count as service for the purposes of section 21 was, in total, for less than a period of 10 years—on the expiration of such time after the person ceased to be a contributor as is equivalent to the balance of that period, or > > > > > (c) on receipt by STC of the application, > > > > whichever is the latest. > > > (1A) The pension provided by this section is not payable under subsection (1) to a person who elected to provide for the benefit under section 20AB unless the requirements of section 20AB (5) (d) are satisfied. > > > (2) The pension which a person is entitled to receive under this section is a pension of an amount per fortnight equivalent to the sum of— > > > > > (a) the employee-contributed pension component calculated in relation to the person, and > > > > > (b) the employer-financed pension component calculated in relation to the person and as adjusted by the operation (if any) of section 52B. > > > (3) This Act applies to and in respect of a person who is entitled to a pension under this section in the same way as it applies to and in respect of a contributor who is entitled to a pension under section 27 and so applies as if the pension payable under this section were a pension payable under that section. > > **s 52C:** Ins 1985 No 46, Sch 3 (6). Am 1996 No 39, Sch 4; 1996 No 92, Sch 1.9 (5).