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2.H.8—(1) This regulation provides for the application of this Chapter where a person is entitled to more than one old service pension falling within regulation 2.H.1(1)(c) in any scheme year.
(2) In regulation 2.H.3–
(a)for paragraphs (1) to (3) substitute–
“(1) If the condition in paragraph (2) is met, the amount of the old service pensions for any scheme year are reduced.
(2) The condition is that the employed pensioner’s relevant income for the scheme year exceeds the employed pensioner’s previous pay for all the old employments.
(3) The amount of the reduction under paragraph (1) in the case of each on the pensions is equal to the same proportion of that excess as the amount of the pension for the scheme year before the reduction bears to the sum of the pensions for that year before the reduction”.
(3) In regulation 2.H.4(1)(b) for “the old service pension” substitute “all the old service pensions”.
(4) Regulation 2.H.9 applies as if references to the old service pensions were references to all those pensions.
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