(1) Pensions paid on account of a pension entitlement arising for the first time in the period January 1^st 1997 to December 31^st 2001 shall be calculated according to section 110 or section 111 in such a way that pensions paid on account of a pension entitlement arising in the period January 1^st to December 31^st 1997 shall be calculated at one-sixth of the increase specified in the second sentence of section 126a(2) or including a personal allowance which on January 1^st 1997 constitutes five-sixths of the allowance specified in the first sentence of section 126a(2). Pensions paid on account of a pension entitlement arising for the first time in the period January 1^st to December 31^st in each of the years 1998 to 2001 shall be calculated according to section 110 or section 11, with increases distributed according to the second sentence of section 126a(2) or including personal allowances, which for pensioner years 1998, 1999, 2000 and 2001 constitute four-sixth, three-sixth, two-sixth and one-sixth of the allowance specified in the first sentence of section 126a(2). A reduction in the level of personal allowances shall however take effect by at least DKK 1,200 as of January 1^st 1997 and by at least DKK 1,200 as of January 1^st in each of the subsequent years.