An Officer who qualifies for the award of a Pension may choose one of the following:

1. Full Pension without the award of a lump sum Gratuity, or;
2. Reduced Pension with the award of a lump sum Gratuity.

The maximum Pension paid to any officer cannot exceed 2/3rds of the annual salary. Pension is paid on a monthly basis for life.

1. Pension Formula Used:
   1. Full Pension = final annual salary, multiplied by the number of completed (paid) months worked, divided by 720.
   2. Reduced Pension = 75% multiplied by Full Pension and Gratuity = 25% multiplied by Full Pension, multiplied by 10.
2. Gratuity (Non-Pensionable Officers)
   Permanent / Nonpermanent - paid to officers who resign / retire after completion of at least (10) years continuous monthly service.  Formula Used:
   4% of annual salary, multiplied by number of completed years. The period would be reduced by any service on contract or absence without pay.
3. Gratuity (Weekly)
   Paid to nonpermanent staff who retire at age 55, age 65, or; on medical grounds, provided the employment was for at least five (5) continuous years. Formula Used:
   The rate of gratuity range from 1/4th to 6/4th of the final annual salary depending on the number of years of service (i.e 5 - 30 plus years).