Regulation 120 Cost of added surviving adult’s pension for retired JASAPS members

(1)

If the date on which a retired JASAPS member (“R”) retired fell on R’s birthday, the contribution payable by R for each unit of £1,000 of added surviving adult’s pension is to be determined in accordance with the formula $A \times 12$ where A is determined by taking the following steps—

Step 1

In Table 2 treat—
1. (i)
  
  the reference to the age last birthday at the date of commencement of contributions as a reference to R’s age last birthday on the assumed contribution commencement date, and
2. (ii)
  
  the reference to the assumed retirement age as a reference to R’s age on the date R retired.

Step 2

Use Table 2 to work out A by reference to R’s age last birthday at the assumed contribution commencement date and R’s age on the date R retired.

(2)

If R’s retirement date did not fall on R’s birthday, A is determined in accordance with the formula—

X + Z (\frac{Y - X}{12})

where—

(a)

X is determined by taking the following steps—

Step 1

In Table 2 treat the reference to age last birthday at the date of commencement of contributions as a reference to R’s age last birthday at the assumed contribution commencement date.

Step 2

In Table 2 treat the reference to the assumed retirement age as a reference to R’s age on R’s last birthday before R retired.

Step 3

Use Table 2 to work out X by reference to R’s age last birthday at the assumed contributions commencement date and R’s age last birthday before R retired; and

(b)

Y is determined as follows—

Step 1

In Table 2 treat the reference to age last birthday at the date of commencement of contributions as a reference to R’s age last birthday at the assumed contribution commencement date.

Step 2

In Table 2 treat the reference to the assumed retirement age as a reference to R’s age on R’s next birthday after R’s actual retirement date.

Step 3

Use Table 2 to work out Y by reference to R’s age last birthday at the assumed contribution commencement date and R’s age on R’s next birthday after R’s actual retirement date; and

(c)

Z is the number of complete months between R’s last birthday before R retired and the date on which R retired.

(3)

The contribution payable by R for each part unit of added surviving adult’s pension is to be the amount calculated in accordance with the preceding paragraphs multiplied by the appropriate decimal fraction.