Clause 5

by deleting the definition of “reckonable service” in section 2(1) and substituting the following definition:“ “reckonable service” means —

in relation to service as a Member — service in Parliament as a Member of Parliament on and after 3rd June 1959 but not after 20th May 2011; and

in relation to service in any office — service in that office on and after 3rd June 1959 but not after 20th May 2011.”;

by deleting the words “, including any period which may be counted as such service by virtue of section 6” in section 2A(1);

by inserting, immediately after the words “by virtue of” in section 2A(2)(b), the words “the repealed”;

by deleting the words “and has attained the age of 50 years” in section 3(1);

by inserting, immediately after the words “period of his” in section 3(4), the word “reckonable”;

by deleting the word “has —” in section 4(1) and substituting the words “has not less than 8 years’ reckonable service as an office-holding Member (whether continuously or not).”;

by deleting paragraphs (a) and (b) of section 4(1);

by inserting, immediately after the words “with the addition of that period” in section 4(3), the words “comprising reckonable service”;

by inserting, immediately after the words “is increased” in section 4(5), the words “before 21st May 2011”;

by deleting subsection (2) of section 5 and substituting the following subsections:“(1A) Subsection (1) shall not apply to an office-holding Member who attains the age of 55 years on or after 21st May 2011.(2) Subject to sections 13 and 15, where any pension is granted before 21st May 2011 to any office-holding Member under section 4 by virtue of subsection (1), payment of that pension as a full or reduced pension shall stop on or after 21st May 2011 and cease to be payable to that office-holding Member for the period that he remains an office-holding Member and any such pension paid in contravention of this subsection shall be immediately refunded to the Pension Fund; except that at the end of that period when he so ceases to hold office —

all that full or reduced pension which would have been payable, if not for this subsection, between 21st May 2011 and the date he so ceases to hold office (both dates inclusive) shall then be payable in a lump sum (without interest); and

his pension under section 4 shall be re-computed by adding the period of reckonable service between the date the pension was granted and 20th May 2011 (both dates inclusive) to the period of his former reckonable service which had been used in computing his pension.”;

by inserting, immediately after the words “a person has been granted” in section 5(3), the words “before 21st May 2011”;

by deleting the words “, notwithstanding subsection (3) of that section, continue to be payable to him and shall, at the end of his further period as an office-holding Member, be re‑computed with the addition of that further period to the period of his former reckonable service as an office-holding Member.” in section 5(3) and substituting the words “stop on or after 21st May 2011 and cease to be payable to that person for the period that he remains an office-holding Member and any pension paid in contravention of this subsection shall be immediately refunded to the Pension Fund; except that at the end of that period when he so ceases to hold office —

all that pension which would have been payable, if not for this subsection, between 21st May 2011 and the date he so ceases to hold office (both dates inclusive) shall then be payable in a lump sum (without interest); and

his pension under section 4 shall be re-computed by adding the period of reckonable service between the date the pension was granted and 20th May 2011 (both dates inclusive) to the period of his former reckonable service which had been used in computing his pension.”;

by repealing sections 6, 9, 10 and 11;

by inserting, immediately after the words “adding his further” in section 7(5), the word “reckonable”; and

by deleting subsection (4) of section 18.