Regulation 41 Amendment of Schedule 2
In Schedule 2—
after Part 2 (short service pension), insert—
“PART 2A
Continuous service pension
Subject to Parts 6A and 8 of this Schedule, the amount of a continuous service pension of a member of this Scheme to whom paragraph (7) of rule A3 applies, or has applied, is—
Where—
APP is the person’s average pensionable pay,
B is the period in years of the person’s pensionable service until the day before his transition date,
C is the period in years of his pensionable service and of his 2015 pensionable service (subject to a maximum of pensionable service of 40 years),
A is the sum of E + (F x 2) and must not exceed 40 years
Where—
E is the period in years of his pensionable service and of his 2015 pensionable service up to 20 years,
F is the period in years by which his pensionable service and his 2015 pensionable service exceeds 20 years.”; and
in Part 6A—
in paragraph 1, after sub-paragraph (b) insert—
“(ba)continuous service pension under Part 2A,”; and
after paragraph 2, insert—
“3.Where the award listed in paragraph 1 is a continuous service pension, the reference to “pensionable service” in paragraphs 1 and 2 includes 2015 pensionable service.”.