Contributions

(1) Contributions are payable under this Act by every person who becomes a contributor and such contributions shall be at the rate of five per centum of the salary paid or payable to the (2) In respect of every person who is a legislator at the commencement of this Act, or who becomes a legislator after such commencement, the contributions shall accrue daily and be deducted monthly from the salary of such legislator and shall be paid to the Accountant General. (3) In respect of a contributor not falling within subsection (2) of this section but who qualified for pension under section 5 of this Act, a sum equal to eight years’ contributions at the rate specified in subsection (1) of this section shall be deducted from any pension or gratuity payable to such contributor under this Act, and such deductions shall be either as a lump sum or by instalments as the Minister may on the recommendation of the House Committee direct. (4) In respect of a person who is a legislator at the commencement of this Act, but who ceases to be a legislator and qualifies for pension under section 5 before paying contributions at the aforesaid rate for a minimum period of eight years, a sum equal to contributions at the aforesaid rate for the period falling short of eight years shall be deducted from any pension or gratuity payable to him under this Act, and such deductions shall be either as a lump sum or by instalments as the Minister may on the recommendation of the House Committee direct. 7 (5) All contributions made pursuant to this section shall be paid into the Consolidated Revenue Fund.