Section 35: Past service pensions

35. Past service pensions (1) (a) In addition to the pensions provided under section 33, pensions in respect of past service shall be provided for employees, who become members on 1 January 1956, in respect of the number of years by which their age at that date exceeded 30 years or, in the case of members under the age of 30 on 1 January 1956, in respect of their period of membership of the former Sugar Industry Retiring Fund. (b) No person shall earn any past service pension in respect of more than 30 years past service and, in the case of employees who first took service after having reached the age of 30, the past service pension shall only be granted in respect of the difference between their age on first taking service and their age on 1 January 1956. (2) (a) Past service pensions shall be paid at half of the pension rate for each salary or wage grade on 1 January 1956, as set out in regulations on the basis of the employee’s time of past service, as calculated under subsection (1). (b) In the case of a member under the age of 30 on 1 January 1956, the past service pension shall be the deferred pension which would accrue from the conversion of the employers’ contribution to the former Sugar Industry Retiring Fund on behalf of that member, and the interest on it.