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3. This Part applies to an eligible employee who—
(a)ceases on or after 28th December 1994 to hold his employment with an employing authority by reason of redundancy or in the interests of the efficient exercise of that authority’s functions;
(b)is not, in respect of the loss of that employment, entitled to have his case considered for the payment of compensation under any instrument within the meaning of Part I of Schedule 2 to the 1979 Regulations; and
(c)on the material date—
(i)has attained the age of 18 years, but has not attained the age of 50 years and is entitled to count reckonable service and qualifying service amounting in aggregate to not less than 2 years; or
(ii)has attained the age of 50 years and is entitled to count reckonable service and qualifying service amounting in aggregate to less than 2 years.
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