in the governing instrument of the member's statutory superannuation scheme at any age other than 60 years, the amount of the deferred retirement pension is the amount calculated under section 6 multiplied by . (7) If a person who would be entitled to a deferred S. 7(7) inserted by retirement benefit by the operation of section 5 is No. 72/1990 subject to the termination of his or her s. 16, amended by employment prior to attaining the minimum No. 40/2004 retirement age fixed in the governing instrument s. 40(2). of the member's statutory superannuation scheme on a ground other than disability or death, he or she may elect to receive— (a) a cash benefit equal to a refund of the contributions paid by him or her and interest at the prescribed rate; and (b) a deferred retirement benefit reduced by such S. 7(7)(b) amended by amount as is determined by the Minister on No. 46/1998 the advice of an actuary. s. 7(Sch. 1). (7A) A person who is entitled under subsection (7) to a S. 7(7A) inserted by deferred retirement benefit by the operation of No. 95/2000 section 5 may elect in writing to the s. 18(2). administrators to— (a) convert the entitlement to a present lump sum; and (b) have the lump sum rolled over or transferred S. 7(7A)(b) substituted by within the superannuation system as Nos 40/2004 nominated by the person. s. 39(2), 37/2007 s. 45. (7B) The method of calculating the conversion under S. 7(7B) inserted by subsection (7A) is to be determined by the No. 95/2000 Minister on the advice of an actuary appointed by s. 18(2). the administrators. (8) Subsection (7) applies in respect of any deferred S. 7(8) inserted by retirement benefit to which a person may be No. 110/1993 entitled as a result of a previous transfer to a s. 149.
in the governing instrument of the member's statutory superannuation scheme at any age other than 60 years, the amount of the deferred retirement pension is the amount calculated under section 6 multiplied by . S. 7(7) inserted by No. 72/1990 s. 16, amended by No. 40/2004 s. 40(2). (7) If a person who would be entitled to a deferred retirement benefit by the operation of section 5 is subject to the termination of his or her employment prior to attaining the minimum retirement age fixed in the governing instrument of the member's statutory superannuation scheme on a ground other than disability or death, he or she may elect to receive— (a) a cash benefit equal to a refund of the contributions paid by him or her and interest at the prescribed rate; and S. 7(7)(b) amended by No. 46/1998 s. 7(Sch. 1). (b) a deferred retirement benefit reduced by such amount as is determined by the Minister on the advice of an actuary. S. 7(7A) inserted by No. 95/2000 s. 18(2). (7A) A person who is entitled under subsection (7) to a deferred retirement benefit by the operation of section 5 may elect in writing to the administrators to— (a) convert the entitlement to a present lump sum; and S. 7(7A)(b) substituted by Nos 40/2004 s. 39(2), 37/2007 s. 45. (b) have the lump sum rolled over or transferred within the superannuation system as nominated by the person. S. 7(7B) inserted by No. 95/2000 s. 18(2). (7B) The method of calculating the conversion under subsection (7A) is to be determined by the Minister on the advice of an actuary appointed by the administrators. S. 7(8) inserted by No. 110/1993 s. 149. (8) Subsection (7) applies in respect of any deferred retirement benefit to which a person may be entitled as a result of a previous transfer to a
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