55Entitlement to age retirement benefit

#### 55 Entitlement to age retirement benefit (1) Where a person ceases to be an eligible employee on or after attaining the age of 65 years, otherwise than by reason of death, then, if the person does not make an election under section 62 and subject to subsection (3) of this section, the person is entitled to: (a) standard age retirement pension in accordance with subsection 56(1), (2), (3) or (5) or paragraph 57AA(4)(a); and (b) if he or she does not make an election under section 64, additional age retirement pension in accordance with subsection 57(1) or (1A) or paragraph 57AA(4)(b); and (c) lump sum benefit (if any) in accordance with subsection 57(2) or paragraph 57AA(4)(c). (2) Where a person ceases to be an eligible employee on or after attaining the age of 60 years, but before attaining the age of 65 years, otherwise than by reason of death, then, if the person does not make an election under section 62 and subject to subsections (2A) and (3) of this section, the person is entitled to: (a) standard age retirement pension in accordance with subsection 56(4) or (5) or paragraph 57AA(4)(a); and (b) if he or she does not make an election under section 64, additional age retirement pension in accordance with subsection 57(1) or (1A) or paragraph 57AA(4)(b); and (c) lump sum benefit (if any) in accordance with subsection 57(2) or paragraph 57AA(4)(c). (2A) Subsection (2) does not apply to a person who ceases to be an eligible employee by reason of retirement on the ground of invalidity unless at the time that he or she ceases to be an eligible employee he or she has attained his or her maximum retiring age. (3) Subsections (1) and (2) do not apply to a person whose period of contributory service is less than 1 year. (4) Payment of benefit to which a person becomes entitled under this section may be postponed under Part VIB.