23.— Section 178 of the Principal Act is amended by inserting the following subsections after subsection (6):

“(7) Notwithstanding the provisions of Part V of the Act of 1996, for the purposes of a relevant payment referred to in subsection (1)(b) or (c), means shall be calculated in accordance with Part 5 of Schedule 3.

(8) A person shall not be entitled to a relevant payment referred to in subsection (1)(b) or (c) where that person has attained pensionable age.”.