Paragraph 9

In Schedule 2—

(a)

after Part II insert—

“PART IIA
Continuous service pension

1.

Subject to Parts IV and VII the amount of a continuous service pension of a member of this Scheme to whom paragraph (5B) of article 2 applies, or has applied, is—
$A/60 x B/C x APP$
Where—

APP is the person’s average pensionable pay,

B is the period in years of the person’s pensionable service until the day before his transition date,

C is the period in years of his pensionable service and his 2015 pensionable service (subject to a maximum of pensionable service of 40 years),

A in the sum of $E + (F \times 2)$ and must not exceed 40 years

Where—

E is the period in years of his pensionable service and of his 2015 pensionable service up to 20 years,

F is the period in years by which his pensionable service and his 2015 pensionable service exceeds 20 years.”;

(b)

in Part IV—

(i)

in paragraph 1 after sub-paragraph (b) insert—

“(ba)
continuous service pension under Part IIA,”;

(ii)

after paragraph 2 insert—

“3.

Where the award listed in paragraph 1 is a continuous service pension, the reference to “pensionable service” in paragraphs 1 and 2 includes 2015 pensionable service.”.