Regulation 5 Benefits consisting of two or more components

This regulation applies to any benefit consisting partly of a component to which F1the final salary method, within the meaning of paragraph 1 of Schedule 3 to the Act, applies and partly of a component to which that method does not apply.

F2Paragraph 1 of Schedule 3 to the Act is modified so that, for the purpose of revaluing the component to which the final salary method applies, the pensionable service and the amount of pension or other benefit referred to in sub-paragraph (1) of that paragraph are to be calculated by reference only to the component to which that method applies and the pensionable service which qualified the member for that component.