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The Coal Industry Nationalisation (Superannuation) Regulations 1950

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Regulation 3(3)

SCHEDULE

The amount referred to in sub-paragraph (a) of paragraph (3) of regulation 3 for any person in respect of any year shall be that calculated in accordance with the formula—

No math image to display

E

the amount of the emoluments enjoyed by him during the last year of the employment to which his expectation was ascribable;

R

the figure shown in column 2, 3 or 4 (whichever applies) in the following table in relation to his age in the relevant year;

S

the figure shown in column 2, 3 or 4 (whichever applies) of the following table in relation to the age at which he entered the service of the Board;

but in a case in which column 3 or 4 applies and in which the amount arrived at in accordance with that formula is less than the amount which would be so arrived at if the relevant emoluments had been £999 or £1,999, as the case may be, the amount referred to in the said sub-paragraph (a) shall be that calculated in accordance with that formula on the basis of those emoluments.

TABLE

Col. 1Col. 2Col. 3Col. 4
Age of employeeEmoluments during last year of employment to which expectation was ascribable were
less than £1,000not less than £1,000but less than £2,000not less than £2,000
20100180214
21117180214
22133180214
23148180214
24159180214
25170180214
26180180214
27188188214
28195195214
29202202214
30208208214
31214214214
32219219219
33225225225
34230230230
35235235235
36242242242
37248248248
38255255255
39261261261
40268268268
41274274274
42280280280
43285285285
44290290290
45294294294
46299299299
47303303303
48307307307
49311311311
50314314314
51318318318
52321321321
53323323323
54326326326
55328328328
56330330328
57332332328
58334334328
59336336328
60338338328
61340338328
62342338328
63343338328
64344338328
65345338328

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