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18.—(1) Subject to the provisions of these Regulations, when a person to whom this Part of these Regulations applies reaches normal retiring age, the retirement compensation payable to him for the loss of emoluments shall be—
(a)an annual sum equal to the amount of his accrued pension, and
(b)a lump sum equal to the amount of his accrued retiring allowance (if any).
(2) No compensation shall be payable under this Regulation if the person has continued to pay superannuation contributions as if he had suffered no loss of emoluments.
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