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(2) Regulations for the purposes of this section shall provide that old age (contributory) pension payable by virtue thereof shall be payable at a rate less than that specified in the Third Schedule to this Act, and the rate specified by the regulations may vary with the extent to which the contribution conditions are satisfied, but any increase of benefit payable under subsection (2) of section 26 of this Act shall be the same as if the relevant contribution conditions had been fully satisfied.”
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