11. In regulation E14 (abatement of retirement pension during further employment)—
(a)in paragraph 1(a) there shall be inserted after “70” the words “or but for regulation B5(6)”;
(b)in paragraph (3)(b) there shall be inserted after “case” the words “and subject to paragraph (4)”;
(c)in paragraph (3) in the definition of “B” after “pension” there shall be inserted “disregarding any actuarial reduction required by regulation E5(5) (actuarial reduction of pension on early retirement)”; and
(d)there shall be added at the end(1) the following paragraph—
“(4) Where regulation E5(5) applies (actuarial reduction of pension on early retirement) the amount (if any) by which the annual rate of the pension is to be reduced under paragraph (3)(b) shall be the amount (if any) referred to in that sub-paragraph multiplied by the appropriate factor.”.
Paragraphs (4) and (5) of regulation E14 as first made were omitted by S.I. 1994/1058.