Clause 44

The Minister may make regulations to provide for the payment to every person falling within subsection (1) of section 43 of this Act of benefits not less in value than the amount of any pension, gratuity or allowance for which such person or his dependents would have been eligible under the Pensions Act (Cap. 55) and the Pensions Regulations, 1956, had he continued in the service of the Government.

Nothing in the regulations made by the Minister under subsection (1) of this section shall adversely affect any condition that would have been applicable to such transferred persons as regards any pension, gratuity or allowance under the Pensions Act and the Pensions Regulations, 1956.

In every case where an officer has been transferred to the service of the Authority under subsection (1) of section 43 of this Act or who opts to enter into the service of the Authority pursuant to subsection (2) of section 43 of this Act and who retains his pension rights under the provisions of the Pensions Act and the Pensions Regulations, 1956, the Government shall be liable to the Authority to the extent of such an amount as shall bear the same proportion to the amount of pension for which he would have been eligible had his service been wholly under Government as the aggregate amount of his pensionable emoluments during his service under the Government shall bear to the aggregate amount of his pensionable emoluments during his service under both the Government and the Authority.