OpenLegislation

Paragraph 2 I1

Northern Ireland

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

Sch. 6 para. 2(1) words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(1)
Sch. 6 para. 2(2) omitted by Firefighters’ Pension Scheme 2014 Sch. para. 20(2)
Sch. 6 Pt. 2 words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(3)
Sch. 6 Pt. 3 words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(3)
Sch. 6 Pt. 4 words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(3)

The basic element is (A x B) - (C x D), where—

A is the annual amount of the deferred pension to which the person would have been entitled had he become entitled to one on retiring from the first fire and rescue service (“the notional pension”),
B is the pension factor,
C is any annual amount by which such a deferred pension would have been reduced at state pensionable age under paragraphs 1 to 3 of Part VI of Schedule 2, and
D is the National Insurance factor.

Annotations

Commencement

I1: Sch. 6 Pt. 3 para. 2 in operation at 1.4.2006, see art. 1(2)