Local, Government (Superannuation) Act, 1948

Determination of allowance granted to established officer.

25.—The allowance to be granted to an established officer under section 23 of this Act on his ceasing to hold office shall be—

(a) an allowance at the rate per annum of one-eightieth of his pensionable remuneration multiplied by the number of the years of his service at the termination of his office, or

(b) an allowance at the rate per annum of one-half of his pensionable remuneration,

whichever is the less.