Regulation 4 Disapplication of paragraphs 2, 3, 4 and 6 of the Schedule

Regulation 3(1) does not apply in the circumstances prescribed in regulation 3(2) so as to disapply paragraph 2 of the Schedule unless on 17th March 1987 the rules of either the scheme or the new scheme or of both schemes allowed for the accrual of benefits in excess of the rate of one-sixtieth of the employee’s relevant annual remuneration for each year of service.