Section 2.
1N.I.When the number of completed years of service as a resident magistrate is that specified in the first column of the following table, the annual pension shall not exceed the fraction of the retiring salary respectively specified in the second column of that table.
| Years of service | Fraction of retiring salary |
|---|---|
| [F2two to four] | [F2six eightieths] |
| five | fifteen eightieths |
| six | sixteen eightieths |
| seven | seventeen eightieths |
| eight | eighteen eightieths |
| nine | nineteen eightieths |
| ten | twenty eightieths |
| eleven | twenty-two eightieths |
| twelve | twenty-four eightieths |
| thirteen | twenty-six eightieths |
| fourteen | twenty-eight eightieths |
| fifteen | thirty eightieths |
| sixteen | thirty-two eightieths |
| seventeen | thirty-four eightieths |
| eighteen | thirty-six eightieths |
| nineteen | thirty-eight eightieths |
| twenty or more | forty eightieths |
2N.I.Any period of service after twenty years shall not be taken into account for the purposes of this Part.
1N.I.Where a person to whom paragraph (b) of sub-section (2) of section two applies has served as a resident magistrate for less than five years and his aggregated service is not less than ten years' service, subject to paragraph 3, the amount of the annual pension shall not exceed one-eightieth of his retiring salary as a resident magistrate in respect of each year of his aggregated service.
2N.I.Where a person to whom paragraph (b) of sub-section (2) of section two applies has served as a resident magistrate for not less than five years, subject to paragraph 3, the amount of the annual pension shall not exceed the aggregate of—
(a)the annual amount of the pension (calculated in accordance with Part I) for which he would have become eligible if he had served only as a resident magistrate (without regard to any service by him in whole-time employment to which the Superannuation Acts apply); and
(b)one-eightieth of his retiring salary as a resident magistrate in respect of each year of service in whole-time employment to which the Superannuation Acts apply.
3N.I.A pension calculated under this Part shall not exceed whichever is the greater of the following amounts, that is to say—
(a)one-half of the resident magistrates' retiring salary; or
(b)one-half of his retiring salary in any employment to which the Superannuation Acts apply.
4N.I.In this Part “retiring salary” in relation to any employment to which the Superannuation Acts apply has the same meaning as in section eighteen.