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"formula II"

in relation to any matter to be calculated in accordance with formula II, means—

 

C × D × E

 

in which formula—

(a) C represents the amount which the Minister, subject to the provisions of subsection (2), may with the concurrence of the Minister of Finance determine from time to time;
(b) D represents the percentage at which the pensionable disability of a specified member may have been determined; and
(c) E represents the number of dependants of the member;