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Paragraph 4 Contributors with deferred pensions

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

On leaving pensionable service before normal retirement date a deferred pension calculated in accordance with paragraph 2(3) or 3(2)(b) above but increased by up to 3 per cent for each complete year, or, if greater, in proportion to any increase in the index which has occurred during the period of deferment.