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1 Pension Scheme Regulations for Members of the International Tribunal for the Law of the Sea [i] (1996)

handle is hein.unl/pensche0001 and id is 1 raw text is: PENSION SCHEME REGULATIONS FOR MEMBERS OF THE INTERNATIONAL TRIBUNAL FOR THE LAW OF THE SEA Article 1 Retirement pension 1. A member of the International Tribunal for the Law of the Sea who has ceased to hold office and who has reached the age of 60 shall be entitled during the remainder of his/her life, subject to paragraph 4, to a retirement pension, payable monthly, provided that he or she has: (a) Completed at least three years of service; (b) Not been required to relinquish his/her appointment in accordance with article 9 of the Statute of the Tribunal for reasons other than the state of his/her health. 2. The amount of the retirement pension shall be determined as follows: (a) If the member has served for nine or more years, the amount of the annual pension shall be one half of the annual salary; (b) If he/she has served for less than nine years, the amount of the pension shall be that proportion of the annual pension which the number of months of his/her actual service bears to 108. 3. A member who ceases to hold office before the age of 60 and who would be entitled to a retirement pension when he/she reached that age may elect to receive a pension from any date after the date on which he/she ceases to hold office. Should he/she so elect, the amount of such pension shall be that amount which has the same actuarial value as the retirement pension which would have been paid to him/her at the age of 60. 4. No retirement pension shall be payable to a former member who has been re-elected to office until he/she again ceases to hold office. At that time, the amount of his/her pension shall be calculated in accordance with paragraph 2 on the basis of his/her total period of service and shall be subject to a reduction equal in actuarial value to the amount of any retirement pension paid to him/her before he/she reached the age of 60. Approved by the ninth Meeting of States Parties on 28 May 1999.

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