# The Judicial Pensions Regulations 2022, Regulation 21: Calculation of “retirement index adjustment”

Extent: E+W+S+N.I.

(1) The retirement index adjustment for an amount of accrued pension is—
amount of accrued pension×retirement index percentagewhere—
“amount of accrued pension” means an amount of any description of accrued pension;
“retirement index percentage” means the retirement index percentage calculated under paragraph (2).
(2) The retirement index percentage is—
A×B12where—
A means the in-service revaluation index that applies in relation to this scheme for the leaving year;
B is the number of complete months in the period between the beginning of the leaving year and the end of the relevant last day; and
“complete month” includes an incomplete month that consists of at least 16 days.
(3) In paragraph (2), “in-service revaluation index”, in relation to a pension scheme, means the percentage increase or decrease by which the pensionable earnings of a person, or a proportion of those earnings accrued as a pension, are revalued whilst the person is in pensionable service in that pension scheme.

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Source: https://www.legislation.gov.uk/uksi/2022/319/regulation/21 (the official version)
Page: https://openlegislation.uk/judicial-pensions-regulations-2022/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.