The Pensions Increase (Federated Superannuation System for Universities) (Amendment) Regulations 1974

4.  The principal Regulations shall be amended, in Regulation 4, by substituting for paragraph (1) the following paragraph:—

“(1) There shall be ascribed to every person to whom these Regulations apply an appropriate pension rate calculated, subject to the provisions of this Regulation, by multiplying one seventy-fifth of his pensionable salary by forty or by the number of completed years of his period of F.S.S.U. service, whichever is the less; and in this Regulation “pensionable salary” means—

(a) in the case of a person who is subject to an F.S.S.U. scheme at the time of his retirement and either—

(i) was born on or before 1st April 1915 and retires from the civil service of the State on or after 1st April 1972 after attaining the age of sixty years, or

(ii) retires on or after 1st April 1972 in the circumstances described in Regulation 3(d)(iii) or (iv) above,

his salary in such period of one year during the last three years of his period of F.S.S.U. service as would be appropriate under the civil service pension scheme for the purpose of determining his pensionable pay if he were eligible for a pension under that scheme, and

(b) in the case of any other person, the average amount of his salary during the last three years of his period of F.S.S.U. service.”