Paragraph 3 The National Insurance (Modification of the London Transport and Railway Pension Schemes) Regulations 1956

Where, in computing the reduction of any contribution to be made under Regulation 3(2), 4(2), 5(2), 9(2), 10(2) or 11(2) of the above-mentioned Regulations of 1956 or of any annual superannuation allowance to be made under Regulation 5(3) or 11(2) thereof, the computation involves application of any reference to an amount of money in the old currency contained in the relevant Table set out in Schedule 1, 2 or 3 to the said Regulations as that reference is read as referring to the equivalent of that amount in the new currency, being an amount which includes a fraction of a new penny, then, if the reduction of the contribution or allowance computed as aforesaid includes a fraction of a new penny, that reduction shall be adjusted in the same manner as provided in paragraph 1(c)(i) to (iii) of this Schedule.