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(1) Regulation 4 of the Schedule to the Pensions Ordinance (Cap. 30) (as inserted by the Pensions (Amendment) Decree, 1972, (N. R.C.D. 74)) is hereby amended by the substitution for the words "one-six hundredth" occurring therein of the words "one-four hundred and eightieth".

(2) Regulation 4 of the First Schedule to the Teachers' Pensions Ordinance, 1955 (as inserted by the Pensions (Amendment) Decree, 1972 (N.R.C.D. 74)) is hereby amended by the substitution for the words "one-six hundredth" occurring therein of the words "one-four hundred and eightieth".

(3) The amendments made by this section shall come into force on the first day of January, 1976.