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This Act may be cited as the Public Service Pensions (Amendment and Validation) Act, 2021.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 3 of the Public Service Pensions Act (2021 Revision) - definitions 2. The Public Service Pensions Act (2021 Revision) is amended in section 3 in the definition of the words \u201ccredited rate of return\u201d as follows \u2014 (a) in paragraph (a), by deleting the words \u201csuch date as the Cabinet may for this purpose in writing appoint\u201d and substituting the words \u201cand including 31st December, 2018\u201d; and (b) in paragraph (c), by repealing subparagraph (i) and substituting the following subparagraph \u2014 I Assent, Martyn Roper Governor Date: 15th day of December, 2021 Public Service Pensions (Amendment and Validation) Act, 2021 \u201c(i) where on or after 31st December, 2018 an account adjustment date is the last day of the calendar quarter, the credited rate of return shall be the average rate of investment return on Fund investments for that calendar quarter and the eleven quarters immediately preceding that calendar quarter; and\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Validation 3. 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