Amendment of regulation 32 and new regulation 32A

15.  In regulation 32 (Calculation of “retirement index adjustment”)—

(a) for paragraph (1), at the beginning insert “Subject to regulation 32A, the” and omit the first “The”;

(b) After regulation 32, insert—

“Modification of the retirement index adjustment

32A.— (1)  Where this regulation applies, the retirement index adjustment must equal 0.

(2) This regulation applies where—

(a) the leaving year is the scheme year ending on 31st March 2016; and

(b) the retirement index adjustment would otherwise be less than 0.”.