# The Firefighters' Pension Scheme Regulations (Northern Ireland) 2015, Regulation 69A: Early payment reduction


(1) This regulation applies when an actuarial reduction is to be applied when calculating the annual rate of pension to be payable to a deferred member who has not reached deferred pension age.
(2) A deferred member (D) may claim a retirement pension to be paid after D has reached normal pension age and before D has reached deferred pension age.
(3) The actuarial reduction to be applied in a case falling in paragraph (2) is in accordance with actuarial guidance which reduces the pension on the basis that D had not reached deferred pension age. The actuarial guidance must have regard to actuarial neutrality compared to the present value of a pension payable at deferred pension age, with future increases between the date of D’s early retirement and deferred pension age being in line with increases under the 1971 Act.

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Source: https://www.legislation.gov.uk/nisr/2015/78/regulation/69A (the official version)
Page: https://openlegislation.uk/firefighters-pension-scheme-regulations-northern-ireland-2015/regulation-69A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.