PART IV LONG-TERM COMPENSATION

14 Amount of long-term compensation payable for loss of emoluments
1 Long-term compensation for loss of emoluments shall, subject to the provisions of these Regulations, be payable until the age of compulsory retirement or death of a person to whom it is payable, whichever first occurs, and shall not exceed a maximum annual sum calculated in accordance with the provisions of paragraphs (2) and (3).
2 The said maximum annual sum shall, subject to the provisions of paragraph (3) and Regulation 35 as hereinafter provided, be the aggregate of the following sums, namely—
(a) for every year of the person's reckonable service, one sixtieth of the emoluments which he has lost; and
(b) in the case of a person who has attained the age of 40 years at the date of the loss, a sum calculated in accordance with the provisions of paragraph (3) appropriate to his age at that date, but the said maximum annual sum shall in no case exceed two thirds of the emoluments which the person has lost.
3 The sum referred to in paragraph (2)(b) shall be—
(a) in the case of a person who has attained the age of 40 years but has not attained the age of 50 years at the date of the loss, the following fraction of the emoluments which he has lost—
(i) where his reckonable service is less than 10 years, one sixtieth for each year of that service after attaining the age of 40 years; or
(ii) where his reckonable service amounts to 10 years but is less than 15 years, one sixtieth for each year of that service after attaining the age of 40 years and an additional one sixtieth; or
(iii) where his reckonable service amounts to 15 years but is less than 20 years, one sixtieth for each year of that service after attaining the age of 40 years and an additional two sixtieths; or
(iv) where his reckonable service amounts to 20 years or more, one sixtieth for each year of that service after attaining the age of 40 years and an additional three sixtieths;
but the sum so calculated shall not in any case exceed one sixth of the said emoluments;
(b) in the case of a person who has attained the age of 50 years but has not attained the age of 60 years at the date of the loss, one sixtieth of the said emoluments for each year of his reckonable service after attaining the age of 40 years, up to a maximum of 15 years; and
(c) in the case of a person who has attained the age of 60 years at the date of the loss, one sixtieth of the said emoluments for each year of his reckonable service after attaining the age of 45 years.
4 The amount of long-term compensation, which apart from this paragraph would become payable to a person, shall be reduced by the amount by which the aggregate of—
(a) the emoluments of any work or employment undertaken by him as a result of the loss of office, and
(b) the long-term compensation which, apart from this Regulation and any reduction under Regulation 26,
exceeds the emoluments of the employment which has been lost.
5 Long-term compensation shall be payable to a person at intervals equivalent to those at which his emoluments as a member of a police force were previously paid or at such other intervals as may be agreed between the person and the compensating authority.