Social Security Act (Cap. 318), article 63

63. (1) A person who is entitled to a National Minimum Pension in virtue of the provisi ons of articles 50 and 51 shall , in its stead but subject to and in accordance with the following provisions, be entitled to an Incr eased National Minimum Pensio n at one of the rates payable in accordance with the Twelfth Sche dule to this Act, or to such part thereof, if any, as shall ensure t hat his rate of such pension does not exceed two-thirds of his pensiona ble income. So however, that where such rate of pension does not exceed two-thirds of his pensionable income, subject to the maximum rate of pension payable in terms of article 54 for the purposes of awarding a Two-Thirds Pension, such rate of pension, utilizing the same yearly average of contributions taken for th e award of such pension, may be further increased by one-third of the difference obtaining by deducting such rate of pension from the amount taken by way of two-thir ds of his pensionable income. (2) For the purposes of sub-article (1) - (i) the pensionable income mentioned therein shall, in each and every case, be substituted with effect from the first Saturday of the year in respect of which any payment under this article falls due in the manner provided for by article 59(3), irrespective of the dat e of retirement; and (ii) the proportion of two-thirds mentioned therein shall, where the yearly average of contributions ascertained in connection with the claim for a pension under this Part is less than 50, be multiplied by the proportion that such yearly average bears to 50, and the result of such multiplication shall substitute the said proportion of two-thirds. National Minimum Pension Additional Allowance. Added by: VIII.1992.23. Re-numbered by: XXIV . 1993.2. Amended by: XXV .1994.12.