Artikel 7

1. Subject to paragraphs 3 and 4 a person receiving or qualified to receive New Zealand guaranteed retirement income or veterans pension shall be entitled to receive the payment of that benefit while residing in the Netherlands.
2. Subject to paragraphs 3 and 4 a person over pension age under the Netherlands social security laws who is residing in the Netherlands and who has had previous residence in New Zealand after the age of 20, shall be entitled to receive payment of New Zealand guaranteed retirement income.
3. The amount of the benefit referred to in paragraphs 1 and 2 shall be calculated in accordance with the following formula:
[tabel]
subject to the following provisions:
i) all periods of residence in New Zealand shall be aggregated;
ii) no payment shall be made where accumulated residence in New Zealand is less than 10 years;
iii) for periods of residence in New Zealand between 10 and 15 years, payment shall be made at a rate of 50% of guaranteed retirement income or veterans pension;
iv) for periods of residence in New Zealand in excess of 30 years, payment shall be made at a rate of 100% of guaranteed retirement income or veterans pension.
4. The amount of the benefit referred to in paragraphs 1 and 2 shall be payable without regard to the Netherlands old age benefit.