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Amendment of regulation 2.H.3
This section has no associated Explanatory Memorandum
42.—(1) Regulation 2.H.3 (reduction of pension) is amended as follows.
(2) In paragraphs (1) and (2) for “scheme year” substitute “financial year”.
(3) For paragraphs (6) and (7) substitute—
“(6) For the purpose of calculating the reduction to be made under paragraph (1) in respect of any part of a financial year, the amount of the member’s previous pay will be reduced proportionately.”.
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