Paragraph 4 The National Insurance (Modification of Transport Undertaking Superannuation Funds) Regulations 1961 as amended
Where a member's retirement pension is reduced at the rate, construed in accordance with section 10(1) of the Act, of 6d. per week for each £7 10s. 0d. in the case of a man or £9 in the case of a woman paid as provided in Regulation 4(1) of the above-mentioned Regulations of 1961, and the amount of the reduction in the retirement pension falling due for payment to that member includes a fraction of a new penny, then the said amount shall be adjusted in the same manner as provided by paragraph 1(c)(i) to (iii) of this Schedule.
Annotations
Footnotes
- f1
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S.I. 1961/559 (1961 I, p. 1240).
- f2
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There is no relevant amending instrument.