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Regulation 41 Amendment of Schedule 2

Original text. Later amendments are not shown.

In Schedule 2—

(a)

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—

A/60 × B/C × APP

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

(b)

in Part 6A—

(i)

in paragraph 1, after sub-paragraph (b) insert—

“(ba)

continuous service pension under Part 2A,”; and

(ii)

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.”.