Regulation 6 Amount payable to pensioner Members

Regulation F2^f1 of the Principal Regulations is amended as follows.

For paragraph (3) substitute—

“(3)

In paragraph (1) of this regulation “the appropriate fraction”, in relation to a year or part of a year comprised in a person’s aggregate period of reckonable service as a participating Member, means—

(a)

in the case of a year ending before 20th July 1983, one-sixtieth, or, if the period before that date includes a part of a year, a proportionate fraction of one-sixtieth;

(b)

in the case of a year or part of a year beginning on or after 20th July 1983 and ending before 5th July 2001, one-fiftieth;

(c)

in the case of a year or part of a year beginning on or after 5th July 2001 and ending before 1st April 2008—

(i)

in respect of a Category 1 contributor, one-fortieth; and

(ii)

in respect of a Category 2 contributor, one-fiftieth; and

(d)

in the case of a year or part of a year beginning on or after 1st April 2008—

(i)

in respect of a Category 1 contributor, one-fortieth;

(ii)

in respect of a Category 2 contributor, one-fiftieth; and

(iii)

in respect of a Category 3 contributor, one-sixtieth.”.

Omit paragraphs (3A), (4), (4A) and (4B).