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Regulation 39 Amount of full retirement pensionI1

United Kingdom

(1)

A full retirement account under regulation 38(4) must specify the amount of full retirement pension.

(2)

The amount of full retirement pension is the sum of—

(a)

the amount of the accrued standard earned pension calculated under regulation 24 (“accrued amount”); F1...

(b)

the assumed age addition (if any) for the accrued amount F2; and

(c)

the retirement index adjustment for the accrued amount.

(3)

The full retirement account must specify—

(a)

the early payment reduction (if any);

(b)

the commutation amount (if any); and

(c)

the total allocation amount (if any).

Annotations

Textual amendments

F1

Word in reg. 39(2) 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)(4)(a)

F2

Reg. 39(2)(c) and word inserted (with effect from 1.4.2022) by The Judicial Pensions (Remediable Service etc.) Regulations 2023 (S.I. 2023/766), reg. 1(b), Sch. para. 8(1)(4)(b)

Commencement

I1

Reg. 39 in force at 1.4.2022, see reg. 1(4)