33. Preserved allowance

Where a uniformed service officer who joined the non-pensionable service on or before 6th December 1984 and is eligible for an Annual Allowance under the Pensions Act 1956, exercises an option to convert to the INVEST Plan, the Board shall cause to be credited to this Retirement Account an amount determined with the formula:where PE is the non-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.