Schedule

The amount referred to in sub-paragraph (a) of paragraph (3) of regulation 3 for any person in respect of any year shall be that calculated in accordance with the formula—

$$E\times \frac{R}{S}$$ E

the amount of the emoluments enjoyed by him during the last year of the employment to which his expectation was ascribable;

R

the figure shown in column 2, 3 or 4 (whichever applies) in the following table in relation to his age in the relevant year;

S

the figure shown in column 2, 3 or 4 (whichever applies) of the following table in relation to the age at which he entered the service of the Board;

but in a case in which column 3 or 4 applies and in which the amount arrived at in accordance with that formula is less than the amount which would be so arrived at if the relevant emoluments had been £999 or £1,999, as the case may be, the amount referred to in the said sub-paragraph (a) shall be that calculated in accordance with that formula on the basis of those emoluments.