# The Judicial Pensions (Implementation of Pension Credits) Regulations 2000, Regulation 4: Implementation of pension credits


(1) The appropriate rights in a case to which these Regulations apply shall consist of a pension of an annual rate calculated in accordance with the following paragraphs of this regulation, payable from the later of —
(a) the day on which the transferee attains the age of 65, or
(b) the end of the implementation period as determined in accordance with section 34 of the 1999 Act.
(2) Where the transferor has not received a lump sum under section 4 of the 1993 Act before the pension sharing order was made, the appropriate rights shall also include a lump sum of an amount equal to two and one-quarter times the annual rate of the pension referred to in paragraph (1) above, payable on the day on which the pension begins to be payable.
(3) The annual rate shall be calculated—
(a) in such manner as may be approved by the Government Actuary or by an actuary authorised by the Government Actuary to act on his behalf for that purpose; and
(b) so as to ensure that the value of the rights, when calculated in accordance with regulations made by the Secretary of State under paragraph 5(b) of Schedule 5 to the 1999 Act, equals the amount of the pension credit.

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Source: https://www.legislation.gov.uk/uksi/2000/2983/regulation/4 (the official version)
Page: https://openlegislation.uk/judicial-pensions-implementation-of-pension-credits-regulations-2000/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.