Social Security Act (Cap. 318)

Social Security Act (Cap. 318), article 55

Official PDF on legislation.mt

55. Where a person would be entitled to the full rate of a Two- Thirds Pension but for the fact that the yearly average of 50 contributions required by article 53 is not satisfied, such per son shall nonetheless be entitled, if the said average is not less than 15 to a reduced Two-Thirds Pension; and for the purpose of determining such reduced pension the proportion of two-thirds referred to in articles 53 and 54 or any other proportion subst ituted therefor in accordan ce with proviso ( c) of the said article 53 shall be multiplied by the proportion that the yearly average of contributions paid or credited (other than those credited under article 16 while the insured person was entitled to a pension under article 26) bears to 50, and the result of such multiplication shall substitute the said proportion of two-thirds. Abatement of the Two-Thirds Pension due to Service Pension. Amended by: XVI.1989.9. Substituted by: XVI.1990.27. Amended by: VIII.1992.21. Re-numbered by: XXIV . 1993.2. Amended by: XXIV .1993.8; XXII.1997.6.

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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.