s. 54 of the 3 years immediately preceding retirement; * * * * * S. 54(1)(c) repealed by No. 110/1993 s. 78(3)(b). as if his or her final average salary at the date of retirement had been his or her final average salary at the date on which he or she would attain 60 years of age. (1A) In the case of a prescribed fire-fighter, for the S. 54(1A) inserted by purposes of this section, the contribution rate is to No. 110/1993 be the highest rate at which the prescribed s. 78(4). firefighter would then have been entitled to contribute and subsection (1) applies as if for "60" there were substituted "55". (1B) Despite subsection (1A), no benefit calculated S. 54(1B) inserted by under this section shall be less than the benefit No. 110/1993 that would have been payable had the new scheme s. 78(4), amended by member retired due to disability before he or she No. 120/1994 attained 60 years of age immediately before s. 61. section 78(4) of the Public Sector Superannuation (Administration) Act 1993 came into operation. (2) If a new scheme member continues to receive a S. 54(2) amended by pension under subsection (1) until he or she No. 81/1988 attains 65 years of age, he or she may elect to s. 30(c). receive a lump sum equal to his or her accrued retirement benefit calculated at the date of retirement instead of continuing to receive a pension under subsection (1). (3) Despite subsections (1) and (2), the Board may at its discretion determine that instead of the pension at the rate under subsection (1) the new scheme member is to receive—
of the 3 years immediately preceding retirement; S. 54(1)(c) repealed by No. 110/1993 s. 78(3)(b). * * * * * as if his or her final average salary at the date of retirement had been his or her final average salary at the date on which he or she would attain 60 years of age. S. 54(1A) inserted by No. 110/1993 s. 78(4). (1A) In the case of a prescribed fire-fighter, for the purposes of this section, the contribution rate is to be the highest rate at which the prescribed firefighter would then have been entitled to contribute and subsection (1) applies as if for "60" there were substituted "55". s. 54 S. 54(1B) inserted by No. 110/1993 s. 78(4), amended by No. 120/1994 s. 61. (1B) Despite subsection (1A), no benefit calculated under this section shall be less than the benefit that would have been payable had the new scheme member retired due to disability before he or she attained 60 years of age immediately before section 78(4) of the Public Sector Superannuation (Administration) Act 1993 came into operation. S. 54(2) amended by No. 81/1988 s. 30(c). (2) If a new scheme member continues to receive a pension under subsection (1) until he or she attains 65 years of age, he or she may elect to receive a lump sum equal to his or her accrued retirement benefit calculated at the date of retirement instead of continuing to receive a pension under subsection (1). (3) Despite subsections (1) and (2), the Board may at its discretion determine that instead of the pension at the rate under subsection (1) the new scheme member is to receive—
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