Paragraph 4 Election not to be pensionableI1

for paragraph (2)(a) substitute—

“(a)

the person ceases to be in pensionable employment for all purposes of these Regulations (and accordingly if, when the election has effect, the person is a party to more than one contract of employment then all the employments in which the person is engaged cease to be pensionable), and”,

in paragraph (2) (b) omit “in any case,”,

at the end of paragraph (4) insert “(without prejudice to the effect of paragraph (2)(a) in relation to any other employment in which the person is engaged at the time when the election has effect)”.