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8. In regulation L1 (preserved pension)–
(a)for paragraph (2) there shall be substituted the following paragraph:–
“(2) The pension under this regulation will be calculated–
(a)where it becomes payable by virtue of paragraph (3)(d) below, in accordance with paragraphs (2) to (4) of regulation E5, as if it were a pension under that regulation; and
(b)in any other case, as described in regulation E1;
and the retirement lump sum will be calculated as described in regulation E6.”;
(b)in paragraph (3) after sub-paragraph (c) there shall be inserted the following sub-paragraph:–
“(d)the member–
(i)left pensionable employment after 30th March 2000,
(ii)has reached the age of 50, and
(iii)has applied to the Secretary of State for payment of the pension and retirement lump sum under this regulation.”;
(c)in paragraph (4) for the words from “authority)” to “the pension ” there shall be substituted the words–
“authority)–
in the case of a member to whom sub-paragraph (d) of paragraph (3) above applies, when he makes the application referred to in head (iii) of that sub-paragraph, or
in any other case, when he reaches the age of 60,
the pension”.
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