(1) The Act of 2010 is amended by -

(a) in section 1, the substitution of the following definition for the definition of "aggregation of public service pensions":

"'aggregation of public service pensions' means the aggregation under subsection (3) of section 2 or subsection (5) of section 2A of two or more public service pensions payable to a pensioner for the purposes of the application of subsection (1) or (2) of section 2 or subsection (3) of section 2A, as the case may be, in relation to the pensioner;", and

(b) the substitution of the following section for section 2:

"2. Reduction in public service pension

(1) The annualised amount of a public service pension payable in accordance with his or her entitlement to a person who -

(a) is a pensioner, or

(b) becomes a pensioner on or at any time before the relevant date or, in the case of a pensioner falling under paragraph (c) of the definition of "pensioner" in section 1, at any time after that date,

where the annualised amount payable is not more than €34,132 shall be reduced -

(i) with effect on and from 1 January 2016 and subject to subparagraphs (ii) and (iii), in accordance with Table A to this subsection,