2.—(1) Unless otherwise provided, these Regulations shall apply to all members of the Fund who have attained or will attain the age of 55 years on or after 1st July 1995.
(2) Where a provision in these Regulations applies to a member who has attained the age of 55 years before 1st July 1995, the minimum sum applicable to that member shall be the minimum sum specified in the First Schedule.
(3) Where a provision in these Regulations applies to a member who has attained or will attain the age of 55 years on or after 1st July 1995, the minimum sum applicable to that member shall be the minimum sum specified in the Second Schedule.