Regulation 39 Determination of “in-service late payment supplement”I1

This regulation applies for any period an active member remains in service subsequent to the scheme year in which the member reaches normal pension age.

The scheme manager, having regard to the guidance from the scheme actuary, must determine the in-service late payment supplement for each amount of accrued pension specified in the pensioner member’s account.

In these Regulations, “in-service late payment supplement” means an additional amount of pension determined by reference to the period in service after an active member has reached normal pension age.