Paragraph 2 I1

Northern Ireland

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

Sch. 2 Pt. 5 para. 1(1) substituted by Firefighters’ Pension Scheme 2014 Sch. para. 16
Sch. 2 Pt. 2A inserted by Firefighters’ Pension Scheme (Transitional and Consequential Provisions) 2015 Sch. 3 para. 9(a)
Sch. 2 Pt. 2A words substituted by Firefighters’ Pension Schemes and Compensation Scheme 2024 reg. 2(9)

(1)

The amount of a deferred pension is the lesser of—

(40 x A) / 60

and—

(B x C) / D

where—

B is the amount of the person’s notional retirement pension,
C is the period in years of his pensionable service, and
D is the period in years of his notional service.

(2)

A person’s notional retirement pension is—

((A x E) / 60) + (2 x (A x F) / 60)

where—

E is the period in years of his notional service up to 20 years, and
F is the period in years by which his notional service exceeds 20 years.

(3)

A person’s notional service is the period in years that he would have been entitled to reckon as pensionable service if he had continued to serve until—

(a)

he could retire with a maximum ordinary pension (disregarding article 13(2)); or

(b)

he reached normal pension age,

whichever is the earlier.

Annotations

Commencement

I1: Sch. 2 Pt. 5 para. 2 in operation at 1.4.2006, see art. 1(2)