Regulation 109 Valuation of benefits for retired FPJAYS members

Any pension credits in the form of added years that have been purchased by a retired FPJAYS member (“R”) are to be treated for the purposes of paragraph (2) as if they were periods of reckonable service.

If the addition of the years of reckonable service mentioned in paragraph (1) would, were they to be years of reckonable service accrued other than by the purchase of pension credits, lead to the payment of additional payments under the principal scheme, then benefits of an equivalent nature to those that would have been so payable under that scheme are to be paid under the FPJAYS instead.

If the reckonable service which R accrued in the period between the assumed contribution date and the date on which R retired otherwise than by the purchase of pension credits (“R’s existing reckonable service”) includes reckonable service in two or more eligible judicial offices which R held simultaneously, the pension credits purchased by R shall be divided between the eligible fee paid offices held by R in that period in the same proportion as R’s existing reckonable service.