7.1(1)Where a contributor is in receipt of an immediate pension or an annual allowance, the minimum amount payable, including any adjustments under section 8, shall not be less than three thousand dollars annually, if the total period of pensionable service is thirty-five or more years, and if the total period of pensionable service is less than thirty-five years, the minimum amount payable, including any adjustments under section 8, expressed in annual terms, shall be calculated by multiplying three thousand dollars by the ratio that the period of pensionable service bears to thirty-five.

7.1(2)Where a person is entitled to or is receiving a surviving spouse’s pension, children’s pension or a pension under section 13, the amount of such pension shall be calculated in accordance with the immediate pension or annual allowance referred to in section 11, 12 or 13, as the case may be, or in accordance with the immediate pension or annual allowance calculated under subsection (1), whichever is the greater.