Regulation 48 Annual rate of pension credit member’s pensionI1
United Kingdom
The annual rate of the pension credit member’s pension is determined by—
(a)
taking the amount of credited pension specified in the pension credit member’s account;
(b)
adding the late payment supplement (if any) specified in that account in relation to that amount;
(c)
subtracting the early payment reduction (if any) specified in that account in relation to that amount; and
(d)
subtracting the commutation amount (if any) specified in that account in relation to that amount.