Regulation 17 Additional factors governing payment of retirement compensation
Where retirement compensation is payable under any one of Regulations 19, 20, 21 or 22, compensation shall not be payable under any other of those Regulations.
If a person has attained the age of 55 at the date on which he lost his employment or suffered a diminution of his emoluments, the compensating authority, in calculating the amount of the retirement compensation payable to him, shall credit him with an additional period of service on the following basis, namely—
2 years, whether or not he has completed any years of service after attaining the age of 55,
2 years for each of the first 4 years of his reckonable service between the date when he attained the age of 55 and the date of the loss or diminution, and
one year for each year of that reckonable service after the fourth,
but the additional period so credited shall not exceed the shortest of the following periods, namely—
the number of years that, when added to his reckonable service, would amount to the maximum period of service which would have been reckonable by him had he continued in his employment until attaining the age of 65,
the period of his reckonable service, or
15 years.
The benefit in respect of the additional period described in paragraph (2) shall be calculated at the same rate as is applicable for the day immediately preceding the loss or diminution.
When retirement compensation is awarded, or when an award is reviewed under Regulation 29, the additional compensation payable in consequence of any period credited to a person under paragraph (2) may be reduced or withheld to the extent that the compensating authority may think reasonable having regard to the pension scheme (if any) associated with any further employment obtained by him.