Emoluments threshold amendment increases the statutory payment ceiling for the specified pension provision under the Act. The Finance Act, 2018 amends the President's Emoluments and Pension Act by substituting the words in section 3A, clause (b), sub-clause (ii): the previously stated monetary expression is replaced with a different monetary expression, effecting a direct textual substitution in that sub-clause that alters the prescribed emoluments threshold used under the provision.
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Emoluments threshold amendment increases the statutory payment ceiling for the specified pension provision under the Act.
The Finance Act, 2018 amends the President's Emoluments and Pension Act by substituting the words in section 3A, clause (b), sub-clause (ii): the previously stated monetary expression is replaced with a different monetary expression, effecting a direct textual substitution in that sub-clause that alters the prescribed emoluments threshold used under the provision.
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