Principal Regulationsmeans the Parliamentary Pensions (Consolidation and Amendment) Regulations 1993.
the appropriate fractionmeans— a in the case of a participating Member in service on or after 1st April 1995 who has not exercised an option under regulation D1(3), i in the case of a year or part of a year ending before 15th July 2002, one-fiftieth, or, ii in the case of a year or part of a year commencing on or after 15th July 2002, one-fortieth;