Regulation 22 Deficiency grants

in each of paragraphs (2) and (3) before the words “a grant” there shall be inserted the words “subject to paragraph (4A)”;

for paragraph (4) there shall be substituted–

“(4)

For the purposes of this regulation any amount by which a pension was reduced under regulation E6(4) (actuarial reduction of pension on early retirement) or any part of a pension allocated under regulation E12, or any amount deducted from the retirement lump sum (including any actuarial reduction under regulation E7(3) (actuarial reduction of lump sum on early retirement) shall be treated as having been paid.”;

after paragraph (4) there shall be added the following paragraph:–

“(4A)

Where regulation E6(4) applies a deficiency grant may be paid equal only to the deficiency referred to in paragraph (2) or (3), as the case may be, multiplied by the appropriate factor.”; and

in paragraph (6) for “person” there shall be substituted “individual”.