Period of residual entitlement
8.—(1) A person has a period of residual entitlement under regulation 7(2)(b) if he has been awarded a credited period in respect of an earlier cessation.
(2) The period of his residual entitlement is that found by applying the formula –
where –
A is his earlier extra service, or if paragraph (3) applies to him, that service as reduced in accordance with paragraph (4);
B is the length of the terminated employment;
C is the total of any other periods during which he was or could have been a Scheme member, being periods between the end of the first employment for which earlier extra service was granted and the beginning of the terminated employment; and
D is the period between the end of the first employment for which earlier extra service was granted and the termination date.
(3) This paragraph applies to a person –
(a)who, after an earlier cessation or, if there has been more than one, the first of them, has ceased to hold another employment (“his subsequent employment”); and
(b)whose earlier extra service has been reduced by the whole or part of the period of his subsequent employment; or
(c)whose retirement payment attributable to that earlier extra service has been reduced on account of the whole or part of the period of his subsequent employment.
(4) The earlier extra service of a person to whom paragraph (3) applies shall be reduced by the period of his subsequent employment or, where the reduction in paragraph (3)(b) or (c) was of, or attributable to, part of that period, by that part.