Paragraph 74 Pension credit member’s entitlement to pensionI1
Northern Ireland
(1)
Subject to article 75, a pension credit member is entitled to a pension for life which becomes payable -
(a)
when he attains normal benefit age, or
(b)
if it is later, when the pension sharing order under which he is entitled to the pension credit takes effect.
(2)
The pension must be of such an amount that its actuarial value is equal to the member’s pension credit, as calculated from tables prepared by the Government Actuary and in accordance with regulations made under paragraph 5(b) of Schedule 5 to the 1999 Order.
Annotations
Commencement
- I1
ANNEX Scheme Pt. J art. 74 in operation at 1.4.2006, see art. 1(2)