3.—(1) In the case of a man, the annual amount of the policeman’s widow’s notional accrued pension, disregarding paragraphs 2 and 3 of Part III of Schedule C (increase by reference to the Pensions (Increase) Acts and flat-rate award), shall be multiplied by the factor 4.
(2) The said product is in paragraph 5 referred to as the widow’s element of the transfer value.