# The Judicial Pensions (Additional Voluntary Contributions) Regulations 1995, Regulation 2.7: Maximum benefits for members falling within regulation 2.2(1)(a)


(1) The aggregated retirement benefit shall not exceed the figure equal to the lesser of —
(a) the amount referred to in paragraph (2)(a), (b) or (c) as appropriate; and
(b) the greater of —
(i) 2/3rds of the member’s pensionable pay less retained benefits; and
(ii) 1/60th of the member’s pensionable pay for each year of service up to a maximum of 40 years.
(2) The amount referred to in paragraph (1)(a) shall be —
(a) where the member retires between the ages of 50 and 75 (except where he retires before the age of 65 on the ground of ill health), 1/30th of the member’s pensionable pay for each year of service up to a maximum of 20 years;
(b) where the member retires before the age of 65 on the ground of ill health, 1/30th of the member’s pensionable pay for each year of service that would have been completed had the member worked until the age of 65 up to a maximum of 20 years;
(c) where the member leaves the scheme before the age of 65 on any other grounds, an amount calculated in accordance with the formula
M×NNS where —
(i) M is the maximum pension which would have been available to the member at age 65;
(ii) N is the number of years and days of service (expressed in years and fractions of years as appropriate) in the Part 1 scheme completed at the date the member leaves the scheme; and
(iii) NS is the number of years and days of service (expressed in years and fractions of years as appropriate) in the Part 1 scheme which the member would have completed had he remained in service until the age of 65.

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Source: https://www.legislation.gov.uk/uksi/1995/639/regulation/2.7 (the official version)
Page: https://openlegislation.uk/judicial-pensions-additional-voluntary-contributions-regulations-1995/regulation-2.7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.