s.20Eligibility-parliamentary pension
20
Section 20Part 5 — Pension Benefits

Eligibility-parliamentary pension

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Subject to this Law and to section 27 in particular, a pension shall be payable to a member and to a Speaker (who is not a member) who —
has served as a member or a Speaker for one full parliamentary term; and
has attained normal retirement age.
Notwithstanding subsection (1), a pension shall be payable to any person who served as a member or a Speaker for one full parliamentary term at any time during the period commencing on 1st October, 1959 and ending on 23rd August, 2004.
Each participant who retired or resigned prior to the date of commencement of this Law and who was entitled to receive pension benefits under the prior law shall be entitled to receive pension benefits under this Law, pursuant to a schedule of benefits adopted and maintained by the Board pursuant to section 4(1)(g), which benefits shall in no event be lesser in value than the benefits that would have been accrued or payable on the day immediately prior to the date of commencement of this Law.
For the purposes of this Law —
a person does not cease to be a member by reason only of the dissolution of the Legislative Assembly; and
a person who immediately before the dissolution of the Legislative Assembly was a member shall be deemed to have ceased to be a member from the date of such dissolution if he is not elected as a member at the general election next following the dissolution.
No computation of a pension shall be made after a general election until two months have elapsed after the general election.
For the purposes of this section —
a person does not cease to be Speaker of the Legislative Assembly by reason only of the dissolution of the Legislative Assembly; and
a person who immediately before the dissolution of the Legislative Assembly was Speaker of the Legislative Assembly shall be deemed to have ceased to be Speaker from the date of such dissolution if he is not elected as the Speaker of the Legislative Assembly at the first sitting of the Legislative Assembly after the general election next following the dissolution.

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