Regulation 6 Amendment of regulation E5B

Regulation E5B(1) (increase in pensionable pay following exercise of option under regulation E5A)^f1 is amended as follows.

In sub-paragraph (b), after “is increased”, insert “(disregarding any increase in pensionable pay resulting from the member leaving a salary sacrifice arrangement)”.

In sub-paragraph (c), after “is reduced”, insert “(disregarding any reduction in pensionable pay resulting from the member entering into a salary sacrifice arrangement)”.