Paragraph 1

So far as concerns an election under Regulation 8(1), the appropriate sum shall be calculated by reference to the period in weeks of the pensionable service referred to in Regulation 8(3) (a day being reckoned as a seventh of a week) at the rate of 5% of £4·50 a week in the case of a man and of 5% of £3·95 a week in the case of a woman.