3. Calculation of yearly average and alternative yearly average for pension purposes.
(1) Section 108(2) of the Principal Act is amended -
(a) in the definition of "yearly average" by substituting"attaining pensionable age and where, in the case of a claim made on or after 13 July 1992, the average so calculated is a fraction of a whole number consisting of one-half or more it shall be rounded up to the nearest whole number and where it is a fraction of less than one-half it shall be rounded down to the nearest whole number;" for "attaining pensionable age;", and
(b) in the definition of "alternative yearly average" by substituting "attaining pensionable age and where, in the case of a claim made on or after 13 July 1992, the average so calculated is a fraction of a whole number consisting of one-half or more it shall be rounded up to the nearest whole number and where it is a fraction of less than one-half it shall be rounded down to the nearest whole number." for "attaining pensionable age.".
(2) Section 114(3) of the Principal Act is amended -
(a) in the definition of "yearly average" by substituting"attaining the age of 65 years and where, in the case of a claim made on or after 13 July 1992, the average so calculated is a fraction of a whole number consisting of one-half or more it shall be rounded up to the nearest whole number and where it is a fraction of less than one-half it shall be rounded down to the nearest whole number;" for "attaining the age of 65 years;", and