Regulation 124 Cost of added surviving adult’s pension by active JASAPS members

(1)

The contribution payable by an active JASAPS member (“M”) for each unit of £1,000 of added surviving adult’s pension is to be determined in accordance with the formula $A \times 12$ .

(2)

If M’s assumed retirement date fall’s on M’s birthday, A is determined as follows—

Step 1

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

Step 2

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

(3)

If M’s assumed retirement date does not fall on M’s birthday, A is determined in accordance with the formula—

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

where—

(a)

X is determined as follows—

Step 1

In Table 2 treat the reference to the age last birthday at the date of commencement of contributions as a reference to M’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 M’s age last birthday before M’s assumed retirement date,

Step 3

Use Table 2 to work out X by reference to M’s age last birthday at the assumed contribution commencement date and M’s age last birthday before M’s assumed retirement date.

(b)

Y is determined as follows—

Step 1

In Table 2 treat the reference to the age last birthday at the date of commencement of contributions as a reference to the 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 M’s age next birthday after M’s assumed retirement date,

Step 3

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

(c)

Z is the number of complete months between M’s last birthday before M’s assumed retirement date and M’s assumed retirement date.

(4)

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