Paragraph 7
In regulation E2—
(a)
in paragraph (1), delete the words “and a lump sum retiring allowance”;
(b)
in paragraph (1)(a)—
(i)
for the words “he has” substitute “he is a man who has”, and
(ii)
for the words “25 years” substitute “40 years”;
(c)
for paragraph (1)(b)(ii) substitute:
“(ii)his reckonable service amounts to not less than 10 years and he has attained the age of 65 years in the case of a man or 60 years in the case of a woman; or”
(d)
delete paragraph (4)(a)(iii);
(e)
in paragraph (4)(a)(iv), for the words “60 years” substitute “55 years”; and
(f)
for paragraph (4)(b)(iv) substitute:
“(iv)unless she so ceases to be employed after attaining the age of 55 years and elects as mentioned in sub-paragraph (a)(iv);”.