Citation and Commencement

1. This Order may be cited as the Pensions (Miscellaneous Offices) (Preservation of Benefits) (Amendment No. 2) Order 1986 and shall come into operation on 1st July 1986.

Interpretation

2. In this Order-

(a)"the principal Order" means the Pensions (Miscellaneous Offices) (Preservation of Benefits) Order 1977; and

(b)except where the context otherwise requires, expressions used in the principal Order shall have the same meaning as they have for the purposes of that Order.

Definition of "full rate"

3. In article 2(1) of the principal Order, for the definition of "full rate" there shall be substituted the following-

"full rate" means the rate at which a pension might have been granted to an office holder if his service had continued to normal pension age, but calculated by reference to the annual salary attaching, at the date he ceased to hold office, to-

Transitional provision

4. Unless he elects otherwise, this Order shall not apply in relation to any office holder who ceases to hold office for the purposes of the principal Order before the commencement of this Order.

Revocation

5. The Pensions (Miscellaneous Offices) (Preservation of Benefits) (Amendment) Order 1986 is hereby revoked.

EXPLANATORY NOTE

This Order amends the Pensions (Miscellaneous Offices) (Preservation of Benefits) Order 1977; it supersedes and revokes the Pensions (Miscellaneous Offices) (Preservation of Benefits) (Amendment) Order 1986. It makes it clear that the preserved pension of a holder of an office listed in the Schedule to that Order is to be calculated by reference to his salary immediately before retirement (subject to any increases made pursuant to the Pensions Increase legislation) rather than by reference to the salary he would have been earning had he retired at the time when the pension became due for payment.