Pension to ex-President
2. (1) There shall be payable to a person who, having held the office of President of Bangladesh for a period of not less than six months, has ceased to hold office by reason of resignation or expiration of the term of office [a monthly pension, for the remainder of his life, of a sum equal to [seventy five per cent] of the salary payable to him per mensem before he ceased to hold such office [subject to a minimum of seven thousand five hundred taka,]] unless he elects under sub-section (2) to receive gratuity in lieu thereof:
Provided that where any such person receives a monthly pension from the Consolidated Fund for having retired from any service, post or office, he shall be entitled to receive either such pension or the pension payable under this section and shall not be entitled to both [:
Provided further that when any such person elects to receive pension payable under this section, the sum received by him on commutation of his earlier pension shall not be recoverable either by adjustment or otherwise.]
(2) A person entitled to receive pension under sub-section (1) may, within one month from the date on which he becomes so entitled, elect to receive in lieu of such pension a gratuity, and if he so elects, shall be paid as gratuity [a sum equal to the amount of pension payable to him for each completed year of the period for which he has held office as President subject to a maximum of eight times of the amount of such pension for one year].
(3) If a person entitled to receive pension under sub-section (1) dies without receiving such pension or without electing for gratuity under sub-section (2), he shall be deemed to have elected for gratuity and the sum due to him as gratuity shall be paid to the person nominated by him in this behalf or, in the absence of such nomination, to his heirs.
(4) If a person while holding office as President dies after having held office for more than [six months], there shall be paid to the person nominated by him in this behalf or, in the absence of such nomination, to his heirs, the sum which would have been due to him as gratuity under sub-section (2) had he died after ceasing to hold office.
[(5) If a person entitled to receive pension under sub-section (1) dies after receiving such pension, his widow shall be entitled to a monthly pension, for the remainder of her life, equal to two-thirds of the monthly pension he was entitled to receive at the time of his death.
Explanation.- In this sub-section “widow” includes a “widower”.]