PENSIONS AND SOCIAL SECURITY ACT - 1975 (SMCD 8)

    Section - 4 - Option for Pension or Social Security.

    (1) Notwithstanding anything to the contrary in any other enactment, any person who on the first day of January, 1972 became a member of the Social Security Fund and who immediately before the said date held a pensionable office in the public service or Police Force, shall be given twelve months within which to opt either:-

    (a) to have his eligibility for, and the amount of his pension to be determined in accordance with any law relating to pensions and applicable to him immediately before that date (as from time to time amended); or

    (b) to continue to be a member of the Social Security Fund.

    (2) An option exercised under subsection (1) of this section, once exercised shall not be revocable;

    (3) Any person who exercises the option in the manner specified under subsection (1) (a) of this section shall be deemed never to have been a member of the Social Security Fund and accordingly, the law relating to pensions applicable to him on the 31st day of December, 1971 shall, subject to any amendments thereto other than by the Social Security (Application to Public Servants) Decree, 1973 (N.R.C.D. 190) be deemed to have continued to apply to him in respect of service rendered by him in the public service or Police Force after that date.

    (4) Where a person opts in the manner specified in subsection (1) (b) of this section then the law relating to pensions applicable to him on the 31st day of December, 1971 as subsequently amended, shall apply to his service in the public service or Police Force before the first day of January, 1972 as if there were no requirement of a minimum period of qualifying service and confirmation in his office for the grant of such pension and, without prejudice to the generality of the foregoing, regulation 4 of the Schedule to the Pensions Ordinance (Cap. 30) and regulation 4 of the First Schedule to the Teachers' Pensions Ordinance, 1955 (No. 23 of 1955) shall be deemed to be amended accordingly.