(1) Notwithstanding anything in Part 6 of the principal Act, where any person has, at any time in the period beginning on the 1st day of April 1987 and ending with the passing of this Act, made an election under Part 6 of the principal Act as it stood at the time of that election, that person may, in accordance with this section,—
is made under subsection (1) of this section, that revocation, amendment, or election shall be made in writing and delivered to the Superintendent not later than the 31st day of March 1988.
(3) Where any person who has received a payment pursuant to an election made by that person under Part 6 of the principal Act at any time in the period beginning on the 1st day of April 1987 and ending with the passing of this Act exercises the right conferred on that person by subsection (1) of this section and, as a consequence of the exercise of that right, ceases to be entitled to receive that payment, the exercise of that right shall be subject to the condition that that person pay into the Parliamentary Superannuation Account, within such time and in such manner as the Minister of Finance may allow in that behalf, the amount of the payment so received.
(4) Any person who, pursuant to subsection (3) of this section, has paid, or is required to pay, into the Parliamentary Superannuation Account—
shall be deemed, for the purposes of section 85(3) of the principal Act, not to have received that payment or refund.