52DPensions at early retirement age

#### 52D Pensions at early retirement age 52D Pensions at early retirement 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 age of 55 years, > > > > > (b) on the expiration of the period of ten years after the person last became a contributor, 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 calculated in accordance with the following formula— > > > > %20AND%20(No%3D028)%20AND%20(Year%3D1916)%20AND%20(%22Historical%20Document%22%3D0))/g38.gif) > > where— > > > > TP is the amount of the pension. > > > > P1 is the employee-contributed pension component calculated in relation to the person. > > > > P2 is the employer-financed pension component calculated in relation to the person and as adjusted by the operation (if any) of section 52B. > > > > TM is the number of years, if any, (including any fractional part of a year calculated on a daily basis) by which the day from which the pension commences to be payable precedes the date on which the person attains the age of 60 years. > > > (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 28A and so applies as if the pension payable under this section were a pension payable under that section. > > **s 52D:** Ins 1985 No 46, Sch 3 (6). Am 1996 No 39, Sch 4; 1996 No 92, Sch 1.9 (6).