Regulation 15

For regulation 7(5) there shall be substituted the following—

“(5)

Where an office-holder ceases to hold qualifying judicial office in the circumstances mentioned in regulation 6(6), there shall be refunded to him (subject to paragraph (6)) together with compound interest the contributions that are attributable to the period of service being the period (if any) by which Y exceeds (Y/Z) × 20 where—

(a)

Y is the actual length of service of the office-holder while a member of the Part I scheme;

(b)

Z is the length of service which the office-holder would have served as a member of the Part I scheme if that service had continued until the earliest age at which he would have been able to retire with a pension immediately payable under section 2(1) of the 1993 Act; and

(c)

the periods Y and (Y/Z) × 20 commence on the first day of service while a member of the Part I scheme.”.