Regulation 40 Account to specify amount of retirement pensionI1
United Kingdom
The pensioner member’s account must specify, for each description of pension, the amount of the relevant retirement pension.
The retirement earned pension is the sum of the amount of accrued earned pension and the retirement index adjustment for that amount.
The retirement club transfer earned pension is the sum of the amount of accrued club transfer pension and the retirement index adjustment for that amount.
The retirement added pension (member) is the sum of the amount of accrued added pension (member) and the retirement index adjustment for that amount.
The retirement added pension (member and dependants) is the sum of the amount of accrued added pension (member and dependants) and the retirement index adjustment for that amount.
The pension member’s account must specify for each amount of retirement pension—
the early payment reduction (if any) specified in that account in relation to the relevant accrued pension;
the in-service late payment supplement (if any);
the late payment supplement (if any);
the commutation amount (if any); and
the allocation amount (if any).
When a pensioner member re-enters pensionable service—
the pensioner member’s account must remain open; and
an active member’s account must be established for the new period of service.