Proposed resolution:

This wording is relative to N4892.

1. Modify [common.iter.access] as indicated:

   decltype(auto) operator->() const
     requires see below;
   

   -3- […]

   -4- […]

   -5- Effects:

   1. (5.1) — […]

   2. (5.2) — […]

   3. (5.3) — Otherwise, equivalent to: return proxy(*get<I>(v_)); where proxy is the exposition-only class:

      class proxy {
        iter_value_t<I> keep_;
        constexpr proxy(iter_reference_t<I>&& x)
          : keep_(std::move(x)) {}
      public:
        constexpr const iter_value_t<I>* operator->() const noexcept {
          return addressof(keep_);
        }
      };
      

2. Modify [common.iter.nav] as indicated:

   decltype(auto) operator++(int);
   

   -4- […]

   -5- Effects: If I models forward_iterator, equivalent to:

   […]

   Otherwise, if […]

   […]

   Otherwise, equivalent to:

   postfix-proxy p(**this);
   ++*this;
   return p;
   

   where postfix-proxy is the exposition-only class:

   class postfix-proxy {
     iter_value_t<I> keep_;
     constexpr postfix-proxy(iter_reference_t<I>&& x)
       : keep_(std::forward<iter_reference_t<I>>(x)) {}
   public:
     constexpr const iter_value_t<I>& operator*() const noexcept {
       return keep_;
     }
   };