# The Judicial Pensions Regulations 2022, Regulation 47: Annual rate of full retirement pension (active members)

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

(1) This regulation applies when an active member of this scheme becomes entitled to the immediate payment of a full retirement pension in respect of a particular office.
(2) The annual rate of a full retirement pension payable to the member is calculated by—
(a) taking the amount of that full retirement pension specified in the full retirement account;
(b) subtracting the early payment reduction (if any) specified in that account in relation to that amount;
(c) subtracting the commutation amount (if any) specified in that account in relation to that amount; and
(d) subtracting the total allocation amount (if any) specified in that account in relation to that amount.
(3) Where a member holds multiple accounts in respect of multiple assignments within the First-tier Tribunal or the Upper Tribunal, paragraph (2) applies in respect of each account held.

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Source: https://www.legislation.gov.uk/uksi/2022/319/regulation/47 (the official version)
Page: https://openlegislation.uk/judicial-pensions-regulations-2022/regulation-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.