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Paragraph 9

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

(1)

In this paragraph—

(a)

references to the 1996 report are references to the report on the actuarial inquiry under old regulation G4 at the end of the financial year ending with 31st March 1996; and

(b)

“relevant period” has the same meaning as in old regulation G4.

(2)

For the purposes of regulation G5—

(a)

the required percentage for any period before the beginning of the relevant period starting on 1st April next following the 1996 report shall be 7.2%; and

(b)

the required percentage for the relevant period starting on 1st April next following the 1996 report shall be determined in accordance with substituted regulation G7(10).