32. Preserved pension

Where a uniformed service officer in the pensionable service exercises an option to convert to the INVEST Plan, the Board shall cause to be credited to his Retirement Account an amount determined in accordance with the formulawhere: PE is the pensionable officer’s last drawn pensionable emoluments as of 30th September 2001; and PS is the total length of pensionable service rendered by the officer immediately before 1st October 2001.