12In section 45(3) of that Act (election as to method of computation where guaranteed minimum pension excluded from full revaluation)—
(a)the words “unless the person liable for the premium elects in the prescribed manner that this subsection shall not apply” shall cease to have effect; and
(b)after paragraph (b) of that subsection there shall be added the words—“but this subsection shall not apply in any case where its application would result in the amount of the premium being greater than it would have been apart from this subsection.”