Regulation 41

in paragraph (2)(c), for “employing authority” substitute “ the Committee ” and omit “with the agreement of the Committee,”;

for paragraph (2)(e) substitute—

“(e)

in the case of a person who—

(i)

has ceased the employment under which the preserved benefits were accrued (but may be in local government employment unrelated to the preserved benefits); and

(ii)

has duly elected to receive payment from a date on or after the date upon which that person attains the age of 55, the date so elected.”; and

omit paragraph (4).