Section 4, **The Pensions and Retiring Benefits of Presidents and Vice-Presidents Act, 1986** [Margin: Short title.]

(1) A retired President who has held office as President for a period not less than twelve months shall, in respect of his period of service as President, be entitled to be paid a gratuity of thirty percentum of his salary for that period. (2) A retired Vice-President who has held office as Vice-President for a period not less than twelve months shall in respect of his period of service as Vice-President, be entitled to be paid a gratuity of thirty percentum of his salary for that period. (3) The salary on the basis of which a gratuity shall be calculated under this section shall be the basic salary of a President or Vice-President as the case may be, on the day on which the person in respect of whose retirement the gratuity is to be paid retired from the relevant office. [Margin: Pension etc. for person who ceases to be President under section 31 of Constitution.]