Regulation 8 Redundancy costs
(1)
In regulation 12(2) there is added at the end—
““relevant compensation” means—
(a)(b)compensation under section 31 of the London County Council (General Powers) Act 1921f3.”
(2)
In regulation 12(3) there is substituted for sub-paragraph (b)—
“(b)provided that the local authority is a qualifying local authority, an amount equal to the value of—
where—
L is the relevant compensation which would be payable to the eligible staff, during the year immediately following the date on which they cease to be employed by the local authority, by way of a lump sum, and
A is the relevant compensation which would be so payable to those staff by way of an annual sum..”