PART 3BENEFITS FOR PRACTITIONERS ETC.
CHAPTER 8ABATEMENT
Employed pensioners with more than one pension246
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 241(2)(c) in any scheme year.
2
In regulation 243—
a
for paragraphs (1) and (2) substitute—
1
If the condition in paragraph (2) is met, the amount of the old service pensions for any scheme year is reduced.
2
The condition is that the employed pensioner's relevant income for the scheme year exceeds the employed pensioner's previous earnings for all the old employments.
3
The amount of the reduction under paragraph (1) in the case of each of 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
2A
In regulation 244(1)(b) for “the old service pension” substitute “
all the old service pensions
”
.
3
Regulation 247 applies as if references to the old service pension were references to all those pensions.