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15. In regulation 32 (Calculation of “retirement index adjustment”)—
(a)for paragraph (1), at the beginning insert “Subject to regulation 32A, the” and omit the first “The”;
(b)After regulation 32, insert—
32A.—(1) Where this regulation applies, the retirement index adjustment must equal 0.
(2) This regulation applies where—
(a)the leaving year is the scheme year ending on 31st March 2016; and
(b)the retirement index adjustment would otherwise be less than 0.”.
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