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Regulation 101 Reduction in pensions in cases of wide age disparity

Original text. Later amendments are not shown.

(1)

This regulation applies if, on the death of a member of this scheme, a surviving adult’s pension is payable to a person (“the dependant”) who is more than 12 years younger than the member.

(2)

The annual rate of the surviving adult’s pension is reduced by the lower of—

(a)

50% of the amount of the annual rate of the pension so calculated under regulation 98, 99 or 100 as applicable; and

(b)

2.5 x (N –12)% of the amount of the annual rate of the pension so calculated,

where N is the number of whole years by which the dependant is younger than the member.