Parliamentary Pensions (Amendment) Bill

Where an office-holding Member has —

not less than eight years’ reckonable service as an office-holding Member (whether continuously or not);

attained the age of fifty-five years; and

not previously been granted a pension under section 4,he may be granted a pension under that section notwithstanding the fact that he has not ceased to hold office.(2) Subject to sections 12 and 14, a pension granted under section 4 to an office-holding Member by virtue of this section shall continue for the life of the person to whom it is payable and shall, when he ceases to hold office, be recomputed under subsection (2) of that section with the addition of his further period of reckonable service as an office-holding Member to the period of reckonable service which has been used in computing his pension.(3) Where a person has been granted a pension under section 4 after ceasing to hold office and —

becomes an office-holding Member again after having attained the age of fifty-five years; or

becomes an office-holding Member again before attaining the age of fifty-five years, on his attaining that age,the pension shall, notwithstanding subsection (3) of that section, continue to be payable to him and shall, at the end of his further period as an office-holding Member, be recomputed with the addition of that further period to the period of his former reckonable service as an office-holding Member.”.