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14.—(1) The Schedule shall have effect for limiting the benefits that may be paid under these Regulations.
(2) The maximum annual rate of a retirement pension or dependant’s pension ascertained from the Schedule may be increased—
(a)by 3 per cent for each complete year that has elapsed, or
(b)if a greater increase results, in proportion to the increase in the Index that has occurred,
since the date on which the pension became payable.
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