Regulation 23 Adjustment for additional years
Subject as hereinafter stated, in calculating the maximum retirement compensation payable to a person who has reached the age of 40 years at the date on which the loss or diminution of pension rights was occasioned, in addition to the service taken into account as being reckonable for the purposes of his last relevant pension scheme, a period not exceeding the aggregate of the following shall also be taken into account as if it were so reckonable, and retirement compensation shall be adjusted accordingly, that is to say—
2 years, whether or not he has completed any years of service after reaching the age of 40 years; and
2 years for each complete year of reckonable service, not exceeding 4 years of reckonable service in all, which elapsed between the date of his reaching the age of 40 years and the date on which the loss or diminution of pension rights was occasioned; and
one year for each such complete year after the fourth of reckonable service so elapsing:
Provided that the aggregate of the additional years taken into account shall not exceed any of the following:—
the number of years reckonable for the purposes of the last relevant pension scheme for which he would have served after the date on which the loss or diminution of pension rights was occasioned had he continued to be employed as an officer subject to that scheme until normal retiring age; or
the number of years of his reckonable service on that date; or
15 years.
In applying the method of calculation prescribed by the last relevant pension scheme for the purposes of determining retirement compensation, any period added under this regulation shall be aggregated with any years of service which under that scheme entail reduction of a pension benefit because of a retirement pension payable under section 30 of the National Insurance Act 1965
This regulation shall not apply to retirement compensation payable in accordance with regulation 20.