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(1) Where on the death of a member a pension is payable under rule E.1 or E.2 to a person (“the beneficiary”) who is more than 12 years younger than the member, the amount of the pension calculated in accordance with rule E.3, E.4 or E.5 is reduced by the appropriate amount.
(2) That amount is the lesser of—
(a)50% of the pension so calculated, or
(b)2.5% × (N −12) of the pension so calculated,
where N is the number of whole years by which the beneficiary is younger than the member.
(3) This rule is subject to rule K.8.
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