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The Redundant Association Officers Compensation Regulations 1967
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- UK Statutory Instruments
- 1967 No. 80
- PART IV
- Regulation 15
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Long term compensation for diminution in emoluments
15. Long term compensation for diminution in emoluments may, subject to the provisions of these regulations, be paid until the normal retiring age or death of a person to whom it is payable, whichever first occurs, but shall not exceed the annual sum which bears to the maximum annual sum which could have been awarded to him under regulation 14, if he had suffered loss of employment, the same ratio as the amount by which his net annual emoluments have been diminished bears to his net annual emoluments before diminution, so, however, that no compensation shall be payable under this regulation if this ratio is less than 2½%.
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