Regulation 24 Calculation of amount of accrued standard earned pension for purpose of deferment or full retirementI1
United Kingdom
For the purpose of calculating the amount of full retirement pension or the provisional amount of deferred pension, the amount of accrued pension is an amount calculated in accordance with this regulation.
The amount of accrued standard earned pension is the total of the following amounts specified in the active member’s account as at the end of the relevant last day—
the sum of the opening balance of standard earned pension for the last active scheme year and the F1... index adjustment for that opening balance;
the amount of standard earned pension for the last active scheme year.
Annotations
Textual amendments
- F1
Word in reg. 24(2)(a) omitted (with effect from 1.4.2022) by virtue of The Judicial Pensions (Remediable Service etc.) Regulations 2023 (S.I. 2023/766), reg. 1(b), Sch. para. 8(1)(3)
Commencement
- I1
Reg. 24 in force at 1.4.2022, see reg. 1(4)