Paragraph 3 Reduction of retirement pension

(1)

A retirement pension payable under these Regulations to a retired teacher to whom paragraph 2(1)(b)(i) or 2(4) applied shall be reduced by whichever is the lesser of £67.75 and the amount calculated by multiplying £1.70 for each completed year, and by a proportionate amount in respect of part of a year, of reckonable service after 1st July 1948 and before 1st April 1980.

(2)

In the case of a retired teacher–

(a)

who was last in pensionable employment before 1st April 1980, and

(b)

whose retirement pension is one to which he became entitled by virtue of regulation E5(1)(e) (incapacity),

any additional period of reckonable service taken into account under regulation E9(3) shall be deemed for the purposes of sub-paragraph (1) to be such service as is there mentioned.

(3)

Where the retired teacher before 1st April 1980 elected for the purposes of regulation 21 of the 1977 Regulations to purchase past added years, these added years shall be deemed for the purposes of sub-paragraph (1) to be such reckonable service as is there mentioned.

(4)

Sub-paragraph (1) applies not only in the case of such a retired teacher as is there mentioned, but also in the case of a teacher who became entitled to retiring allowances before 1st April 1980 to whom paragraph 3 of Schedule 12 to the 1977 Regulations did not apply, if the Secretary of State is satisfied that the contributions paid by him before 1st April 1980 were modified on the assumption that the said paragraph 3 did apply in his case.