Regulation 5 Increase in accrual rate

In paragraph (3A) of regulation F2^f1 of the principal Regulations, for the words “participating Member in service on 1st April 1995” there shall be substituted the words “participant in service on or after 1st April 1995”.

Regulation F4 of the principal Regulations shall be amended by inserting in paragraph (5), at the beginning, the words “Subject to paragraph (5A) below,” and by inserting after that paragraph the following paragraph —

“(5A)

In the case of a participant in service on or after 1st July 1996, in paragraph (3) of this regulation “the appropriate fraction” means one-fiftieth.”