{
  "url": "https://openlegislation.uk/armed-forces-pension-scheme-order-2005/schedule-3/paragraph-33",
  "json_url": "https://openlegislation.uk/armed-forces-pension-scheme-order-2005/schedule-3/paragraph-33.json",
  "legislation": "uksi/2005/438",
  "legislation_title": "The Armed Forces Pension Scheme Order 2005",
  "legislation_url": "https://openlegislation.uk/armed-forces-pension-scheme-order-2005",
  "path": "schedule/3/paragraph/33",
  "kind": "paragraph",
  "number": "33",
  "heading": "Information provided on or after 1st October 2023: calculation of pension credits",
  "text": "(1) This paragraph applies where the Scheme manager must determine an appropriate amount for the purposes of section 29 of WRPA 1999.\n(2) For the purpose of calculating the appropriate amount, the Scheme manager must determine—\n(a) the cash equivalent of D’s remediable relevant benefits on the valuation day as if those remediable relevant benefits were in this Scheme (“the legacy scheme cash equivalent”), and\n(b) the cash equivalent of those benefits on the valuation day as if they were in the reformed scheme (“the reformed scheme cash equivalent”).\n(3) For the purpose of calculating the pension credit, the Scheme manager must use the greater of—\n(a) the legacy scheme cash equivalent;\n(b) the reformed scheme cash equivalent.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 3 inserted (1.10.2023) by The Armed Forces Pensions (Remediable Service) Regulations 2023 (S.I. 2023/998), reg. 1(b), Sch. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/438/schedule/3/paragraph/33",
    "retrieved_at": "2026-10-29T05:08:49.366834+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}