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6. In paragraph 13 of Schedule 1 (limit on retirement pension in cases of retirement over 60)—
(a)after “K” where is first occurs, there shall be inserted “, KK”;
(b)after sub-paragraph (b) there shall be inserted the following sub-paragraph—
“(bb)KK is an amount calculated in accordance with paragraph 12 as at the participator’s 60th birthday, increased up to the date of his retirement by such an amount as the Government Actuary advises is appropriate having regard to the period of postponement of payment of the participator’s pension after his 60th birthday.”.
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