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17. Any increase in a pension from the relevant Section after its commencement (other than an increase at a fixed rate not exceeding 3% per annum compound) shall not be so great as to cause such pension to exceed the maximum amount permitted under the foregoing paragraphs at the date of its commencement, increased in proportion to any increase in the Index since that date. For this purpose there shall, in the case of a pension payable to the Member, be excluded from such maximum amount any pension which has been surrendered to provide a pension for a Spouse or Dependant or to provide a lump sum benefit.
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