246.—(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 [F1financial 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 [F1financial year] is reduced.
(2) The condition is that the employed pensioner's relevant income for the [F1financial 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 [F1financial 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.
Textual Amendments
F1Words in reg. 246 substituted (retrospective and with effect in accordance with reg. 1(2) of the amending Rule) by The Health and Personal Social Services (Superannuation Scheme and Additional Voluntary Contributions), Health and Social Care (Pension Scheme) (Amendment) Regulations (Northern Ireland) 2013 (S.R. 2013/259), regs. 1(2), 48