Adjustment of reductions
107.—(1) If the old service pension for a scheme year is being reduced under this Chapter, the scheme manager must review the amount of the reduction—
(a)at the end of the scheme year; and
(b)at any time during the scheme year if it appears to the scheme manager that—
(i)the amount of the reduction made for the year is, or may become, incorrect; or
(ii)no reduction should be made.
(2) If at any time during the scheme year it appears to the scheme manager as mentioned in paragraph (1)(b), the scheme manager must make such adjustments as appear to be required, whether by—
(a)altering the amount of the reduction, or
(b)repaying to the employed pensioner any amount that should not have been deducted from the pension.
(3) If at the end of the scheme year it is apparent that—
(a)the reduction in the old service pension for the year was excessive, or
(b)no such reduction should have been made,
the scheme manager must repay the amount due to the employed pensioner.
(4) If at the end of the scheme year it is apparent that the old service pension paid for the year exceeded the amount due because the reduction in the old service pension required under regulation 102 was not made, the employed pensioner must repay the excess to the scheme manager.
(5) Paragraph (4) does not affect the right of the scheme manager to recover a payment or overpayment which is due.