12.—(1) When a person attains the age of 55, the amount of the person’s basic amount and additional service allowance payable under regulation 10 (amount of early departure payments) are to be adjusted for inflation in respect of each scheme year in accordance with paragraph (2).
(2) The reference in paragraph (1) to adjusting for inflation the amount of the person’s basic amount and additional service allowance is to increasing it by the same amount as that by which an annual pension of an amount equal to the amount of the person’s basic amount and the additional service allowance would have been increased under the Pensions (Increase) Act 1971 if the pension was eligible to be so increased and had come into payment on the day that such basic amount and additional service allowance comes into payment.