Paragraph 5

If a person had elected under paragraph 4 of Schedule 4 to shorten the contribution period—

(a)

he is in any case entitled to count as reckonable service

\frac{A \times H}{G}

where

G is the original contribution period and H is so much of it as had elapsed by the effective date of the election, and

(b)

paragraphs 3 and 4 have effect with the substitution;

(i)

as A, of

A - \frac{A \times H}{G},

(ii)

as B, of the shortened contribution period,

(iii)

as D, of the period from the effective date of the election to his 60th birthday, and

(c)

the definition of C in paragraph 3(3) shall have effect with the substitution for the words “the contribution period” of the words “the shortened contribution period”.