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22. No provision of these Regulations which amends the principal Regulations shall apply to any person to whom at any time before 15th November 1993 any benefit including a return of contributions was or may become payable if–
(a)he is placed by that provision in a worse position than he would have been if it had not applied in relation to that benefit; and
(b)that provision relates to a benefit paid or payable in respect of a person who–
(i)ceased before 15th November 1993 to be in pensionable employment; or
(ii)died before that date while in pensionable employment; and
(c)the person first mentioned in this regulation elects, by giving notice in writing to the Secretary of State by 14th May 1994, that the provision shall not apply to him.
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