Paragraph 5 Actuarial reductionF1

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 2A para. 7(1)(b) words inserted by Pension Schemes Act 2026 s. 111(7)
Sch. 2A para. 9(2) words inserted by Pension Schemes Act 2026 s. 111(9)(a)
Sch. 2A para. 9(2) words inserted by Pension Schemes Act 2026 s. 111(9)(b)
Sch. 2A para. 9(2) words inserted by Pension Schemes Act 2026 s. 111(9)(c)
Sch. 2A para. 9(2) word omitted by Pension Schemes Act 2026 s. 111(9)(d)(i)
Sch. 2A para. 9(2) words inserted by Pension Schemes Act 2026 s. 111(9)(d)(ii)
Sch. 2A para. 9(2A)-(2D) inserted by Pension Schemes Act 2026 s. 111(10)
Sch. 2A para. 9(3) words inserted by Pension Schemes Act 2026 s. 111(11)(a)
Sch. 2A para. 9(3) words substituted by Pension Schemes Act 2026 s. 111(11)(b)

The actuarial factor to be applied in F2paragraphs 2 to 3A shall be determined F3..., having regard to—

(a)

the age of the qualifying member;

(b)

the normal retirement age of the qualifying member; and

(c)

such other matters as the F4person determining the factor considers relevant.

Annotations

F1: Sch. 2A inserted (17.7.2008) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903), regs. 1, 15
F2: Words in Sch. 2A para. 5 substituted (2.4.2010) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149), regs. 1, 17(f)
F3: Words in Sch. 2A para. 5 omitted (10.7.2009) by virtue of The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 31(f)(i) (with reg. 37)
F4: Words in Sch. 2A para. 5(c) substituted (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 31(f)(ii) (with reg. 37)