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Amendment of Third Schedule to Principal Act.
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42.—The Third Schedule to the Principal Act is hereby amended by—
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(a) the insertion in subparagraph (b) of paragraph 2 after “on such date but” of “, other than for the purposes of section 48,”,
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(b) the insertion in subparagraph (b) (ii) of paragraph 3 after “prior to the effective date of the certificate” of the following:
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“together with any other benefits payable on the death of the member entitled to long service benefit in respect of such period of reckonable service,”,
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(c) the insertion in subparagraph (b) of paragraph 3 after “has terminated on the effective date of the certificate but” of “, other than for the purposes of section 48,”, and
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(d) the substitution for subparagraph (b) (i) (II) of paragraph 4 of the following subparagraph:
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“(II) the long service benefits payable under the rules of the scheme in respect of reckonable service completed before the 1st day of January, 1991, together with any other benefits payable on the death of the member entitled to long service benefit in respect of such period of reckonable service calculated as if the member's service in relevant employment had terminated on the effective date of the certificate but disregarding any provision which may prevent the member concerned from acquiring an entitlement to benefit on termination of relevant employment, less, where under paragraph 3 the amount of benefits calculated in accordance with subparagraph (b) (i) of that paragraph exceeds the amount calculated in accordance with subparagraph (b) (ii) of that paragraph, the difference between these two amounts.”.
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