Paragraph 2 Qualifying membersF1
Where this Schedule applies, the annual payment payable to a qualifying member shall be the sum of—
(a)
the notional pension determined in respect of the qualifying member; and
(b)
the total amount of any annual increases which the scheme manager has determined under regulation 27 could be paid on the notional pension from the relevant date until the day on which the transfer notice is given,
less any amount by which the scheme manager determines a payment is to be reduced under paragraph 1(2), (5) or (7).
Annotations
Textual amendments
- F1
Sch. 4 added (2.4.2010) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149), regs. 1, 18(b), Sch. 2