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Regulation 22 Retirement compensation for diminution of emoluments

Original text. Later amendments are not shown.

(1)

A person to whom this Part of these Regulations applies and who has suffered a diminution of his emoluments shall be entitled to receive retirement compensation in accordance with the provisions of this Regulation.

(2)

The provisions of Regulations 19, 20 and 21 shall apply to any such person as if he had suffered loss of employment immediately before the diminution occurred: but the amount of retirement compensation payable shall be the amount which would have been payable in respect of loss of employment multiplied by a fraction of which—

(a)

the numerator is the amount by which his pensionable emoluments have been diminished, and

(b)

the denominator is the amount of his pensionable emoluments immediately before they were diminished.