Paragraph 44 Meaning of “final salary benefit”F1

In this Part, “final salary benefit” means benefit accrued under a final salary scheme, subject to sub-paragraph (2).

Where only part of the pension entitlement payable under a final salary scheme in respect of that person which is based on the pensionable service of that person is or may be determined by reference to the person’s final salary, “final salary benefit” means the benefit in respect of which the pension entitlement is so determined.