Pensions and gratuity on resignation

(1) A teacher who resigns from the service before attaining the age of fifty-five years may be granted by the Governor- General in accordance with any regulations made under this Act, (a) a gratuity, if he resigns after completing not less than ten years of pensionable service; (b) a pension and gratuity, if he resigns after completing not less than fifteen years of pensionable service. (2) In every case to which subsection (1) of this section applies, the pension (but not gratuity) shall be deferred until the teacher reaches the retirement age, or, in special cases with the approval of the Governor- General, any lower age not being less than fifty years.