Regulation 19 Actuarial reduction of retirement allowances on cessation of further employment

In regulation E16 (retirement allowances on cessation of further employment) at the end there shall be inserted the following paragraph:–

“(10)

Where a person ceases to be in further employment on or after 1st September 1997 and is entitled to payment of retiring allowances under regulation E5(1)(f)–

(a)

regulation E6(4) shall also apply to that person and to his retirement pension under paragraph (2)(b) or (3)(b) or to his additional retirement pension under paragraph (4); and

(b)

regulation E7(3) shall also apply to that person and to his retirement lump sum under paragraph (2)(b) or (3)(b) or to his additional retirement lump sum under paragraph (4).”.