Regulation 4 Benefits payable

Subject to the provisions of these Regulations, there shall be payable to or in respect of a senior officer to whom these Regulations apply benefits by way of pension or allowance corresponding in all respects to the pensions or allowances which, subject to paragraph (3), would be payable to or in respect of him under the Pension Scheme were that Scheme subject to the modifications set out in the Schedule to these Regulations.

Where a benefit hereunder by way of pension or allowance is payable to or in respect of a senior officer to whom these Regulations apply and a pension or allowance under the Pension Scheme is also so payable to the same beneficiary, the amount of the pension or allowance hereunder shall be reduced by, subject to paragraph (3), the amount of that under the Pension Scheme.

For the purposes of this Regulation, in determining the pension or allowance which would be, or is, payable under the Pension Scheme, the following provisions thereof shall be disregarded, namely—