Social Security Act (Cap. 318)

Social Security Act (Cap. 318), article 49

Official PDF on legislation.mt

49. For the purposes of article 47, where a person has been in employment for less than thirty years in the aggregate prior to his retirement, the references to the proportion of two-thirds shall be substituted by references to the proportion that the number of completed months of service bears to 540: Provided that, where the proportion which the Service Pension of a person bears to his wage or salary and other pensionable emoluments on which the said Service Pension was based is higher than the proportion computed as aforesaid, the references to the proportion of two-thirds shall be substituted by references to such higher proportion, but the references to the proportion of two-thirds shall in no case be substituted by a proportion higher than two-thirds. National Minimum Pension. Amended by: XVI. 1990. 23; XIII.1991.27. Re-numbered by: XXIV. 1993.2. Amended by: XXV.1994.9; XIX. 2006.8. XXXIX. 2015.4. XV. 2016.54. Cap. 452.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.