Regulation 25 Calculation of amount of accrued standard earned pension for purpose of partial retirementI1
United Kingdom
(1)
For the purpose of calculating the amount of partial retirement pension, the amount of accrued pension is an amount calculated in accordance with this regulation.
(2)
The amount of accrued standard earned pension is the option proportion of the total of the following amounts specified in the active member’s account as at the end of the relevant last day—
(a)
the sum of the opening balance of standard earned pension for the leaving year and the retirement index adjustment for that opening balance;
(b)
the amount of standard earned pension for the leaving year.
Annotations
Commencement
- I1
Reg. 25 in force at 1.4.2022, see reg. 1(4)