If a person to whom this Part of these Regulations applies has suffered loss of office after attaining the age of fifty years and so requests the compensating authority by notice in writing, he shall be entitled as from the date on which the compensating authority receive such notice, in lieu of any compensation, other than resettlement compensation, to which he would otherwise be entitled under these Regulations, to compensation calculated in accordance with paragraph (2) of this Regulation:

Provided that where he has claimed long-term compensation, the said notice shall be given not later than two years after the determination of the claim or, where the determination is reviewed under Regulation 28(3) of these Regulations, not later than two years after any such review.

Compensation payable to a person in accordance with this Regulation shall be payable at an annual rate equal to that at which an ill-health pension would have been payable under the Police Pensions Regulations had he retired with such a pension when he ceased to serve as a member of a police force.

Regulation 16(3) of these Regulations shall apply in relation to a notice given under paragraph (1) of this Regulation as it applies to a claim made under Regulation 16(1).

Where an annual sum is payable under this Regulation in respect of any period and resettlement compensation is also payable in respect of that period, the said annual sum shall be limited to the amount (if any) by which it exceeds the resettlement compensation payable as aforesaid.