(1) A person having completed the vesting period and been the holder of a qualifying office who has attained normal pension age, shall, subject to section 52 and upon application being made to the relevant authority, be eligible to receive a pension as provided for by this section -

(a) if he or she no longer holds a qualifying office, or

(b) if he or she ceases, other than by death, to hold office -

(i) as a qualifying office holder other than as Attorney General, or

(ii) as Attorney General by resigning, by having his or her appointment terminated or by ceasing to carry out duties pursuant to Article 30.5.4° of the Constitution.

(2) Subject to subsection (3), a person to whom subsection (1) relates shall be eligible to receive an annual pension equivalent to the sum of the referable amounts in respect of each calendar year or part of a calendar year in a qualifying office, subject to -

(a) a maximum of one-half of the annualised rate at that time of the pensionable remuneration that stands provided for the qualifying office that person last held, or