Section 2: Pension points
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
2. Pension points
(1) The pension points accruing to an insured person in a financial year shall
be determined by dividing his remuneration in that year by the amount of remuneration producing one pension point.
(2) For the purpose of calculating the contributory retirement pension, the
pension points accruing to an insured person shall be—
(a) in the case of a person over the age of 20 but under the age of 40 on
the date of entry, his pension points shall be the sum of—
(i) the pension points accrued to him from the date of entry to
30 June 2008 but computed as if they had accrued to him at
their average rate, for 40 years; and
(ii) the pension points accrued to him from 1 July 2008 to his date
of retirement from work but computed as if they had accrued to
him, at their average rate, for 40 years; or
(b) in the case of a person aged 20 years or less on the date of entry, his
pension points shall be the sum of—
(i) the pension points accrued to him from his eighteenth birthday
to 30 June 2008; and
(ii) the pension points accrued to him from 1 July 2008 to his date
of retirement from work.