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Regulation 9 Contributions credit

Original text. Later amendments are not shown.

(1)

A contributions credit shall be calculated in respect of an office holder in relation to each of—

(a)

his last existing scheme; and

(b)

any former scheme.

(2)

The contributions credits shall be calculated at the date of entry of the office holder into the Part I scheme.

(3)

The total length of an office holder’s contributions credit shall be the sum of his contributions credits from his last existing scheme and any former schemes calculated in accordance with regulation 10.