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Paragraph 3

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

The hypothetical pension referred to in paragraph 2 is a pension of an amount which is the aggregate of—

(a)

an amount equal to a sixtieth of his average pensionable pay multiplied by the period in years of his hypothetical service up to 20 years, and

(b)

an amount equal to 2 sixtieths of that pay multiplied by the period in years by which his hypothetical service exceeds 20 years.