Early retirement pension on election under section 76A
61A Early retirement pension on election under section 76A
Where a person:
makes an election under section 76A; and
would, if he or she had resigned or had retired otherwise than on the ground of invalidity, have been entitled to a standard early retirement pension under section 59;
then, on the day on which the person ceases to be entitled to an invalidity pension because of the election, the person becomes entitled to:
standard early retirement pension at the rate that would have been the rate of that pension at the time of the election if he or she had resigned or had retired otherwise than on the ground of invalidity; and
if the person did not make an election under section 68 or 71 at the time of his or her retirement, additional early retirement pension in accordance with subsection 61(1) as if his or her accumulated contributions consisted only of his or her accumulated basic contributions.
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