22. The following paragraph shall be substituted for regulation E22(2) of the principal Regulations:—
“(2) Subject to paragraphs (3), (4) and (5), for the purposes of this regulation the relevant period is the year ending with—
(a)the day on which the person ceases to hold the employment or, if earlier, the day on which he becomes entitled to reckon 45 years as reckonable service in relation to the employment, disregarding reckonable service before attaining the age of 60 years beyond a total of 40 years; or
(b)if on the day specified in sub-paragraph (a) the person was not a pensionable employee by virtue of a notification under regulation B4A, the day on which he ceased to be a pensionable employee by virtue of that notification.”.