Regulation 4 Relevant terminal salary

Regulation F2 of the principal Regulations shall be amended by inserting in paragraph (2), at the beginning, the words “Subject to paragraph (2A) below,” and by inserting after that paragraph the following paragraph —

“(2A)

In the case of a participating Member in service on or after 1st July 1996, if under paragraph (2) of this regulation the amount of a Member’s ordinary salary for any period before that date is to be included in the relevant terminal salary, that amount shall be calculated as if a Member’s ordinary salary during that period was payable at the yearly rate of £43,000.”

Regulation F4 of the principal Regulations shall be amended by inserting in paragraph (4), at the beginning, the words “Subject to paragraph (4A) below,” and by inserting after that paragraph the following paragraph —

“(4A)

In the case of a participating office holder in service on or after 1st July 1996, if under paragraph (4) of this regulation the amount of a Member’s ordinary salary for any period before that date is to be included in the relevant terminal salary, that amount shall be calculated as if a Member’s ordinary salary during that period was payable at the yearly rate of £43,000.”