14.—(1) The Schedule has effect for limiting the benefits that may be paid under these Regulations.
(2) The maximum annual rate of a retirement pension or dependant’s pension ascertained from the Schedule may be increased—
(a)by 3 per cent for each complete year that has elapsed, or
(b)if a greater increase results, in proportion to the increase in the Index that has occurred, since the date on which the pension became payable.