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7. In paragraph 9 of the Schedule (Benefit Limits) –
(a)after “K” where it first occurs there shall be inserted “, KK”;
(b)in the definition of “K” the word “and” at the end of that paragraph shall be deleted;
(c)after the definition of “K” there shall be inserted the following definition –
“KK is an amount calculated in accordance with paragraph 8 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; and”.
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