# The Firefighters’ Pension Scheme (England) Regulations 2014, Regulation 40: Account to specify opening balance and PIA index adjustment

Extent: E+W+S+N.I.

(1) This regulation applies in relation to every scheme year in which an added pension account is open other than the scheme year in which the account is established.
(2) The account must specify—
(a) the opening balance of added pension for the scheme year and the PIA index adjustment for that opening balance;
(b) if applicable, the age addition awarded at the beginning of the scheme year.
(3) The “opening balance” of added pension—
(a) for the scheme year immediately following the scheme year in which the added pension account is established, means the amount of added pension specified in the account as at the end of the previous scheme year; and
(b) for any subsequent scheme year, means the sum of the following amounts—
(i) the opening balance of added pension for the previous scheme year,
(ii) the PIA index adjustment (if any) for that opening balance,
(iii) if applicable, the age addition awarded at the beginning of the previous scheme year, and
(iv) the amount of added pension for the previous scheme year as at the end of the previous scheme year.

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Source: https://www.legislation.gov.uk/uksi/2014/2848/regulation/40 (the official version)
Page: https://openlegislation.uk/firefighters-pension-scheme-england-regulations-2014/regulation-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.