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.