(1) In this section "public service pension" has the meaning it has in the Act of 2010.

(2) In subsection (3) "relevant pensioner" means a pensioner (within the meaning of the Act of 2010), the annual public service pension of whom exceeds €32,500, and this reference to the pensioner's annual public service pension is a reference to his or her annual public service pension as it stands reduced by virtue of the operation of the Act of 2010 before the passing of this Act.

(3) [deleted]

(4) Where the application to a pensioner of the amendment effected by subsection (3) would result in the annualised amount of his or her public service pension being reduced to less than €32,500, then the amendment effected by that subsection shall only operate to reduce the annualised amount of his or her public service pension to €32,500.

(5) The Act of 2010 is amended by inserting the following section after section 2:

"2A. Persons becoming pensioners after 29 February 2012: reduction in public service pension.