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Paragraph 8

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

The additional transfer value payable in respect of a person under regulation F2 is—

(46.5×(A×B)100×C)+D

where—

  • A is the amount of his pensionable emoluments,

  • B is the length of the war service by virtue of which regulation 7 of the 1976 Regulations applied to him,

  • C is the factor ascertained from the table in Part II of Schedule 8, and

  • D is interest on

    (46.5×(A×B)100×C)

    at 9 per cent per annum, compounded with 3-monthly rests, for each complete period of 3 months after 31st March 1978 and before the date of payment.