This is the original version (as it was originally made).
90. A person (P) meets the reduced annual rate condition if—
(a)P is in one or more eligible employments;
(b)the terms of employment change and as a result there is a reduction in the annual rate of P’s pensionable earnings; and
(c)the reduced annual rate is not more than 80% of the average annual rate of P’s pensionable earnings for the 6 months of pensionable service immediately before the reduction.
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