Regulation 53 Annual rate of full retirement pension when taking partial retirementI1

This regulation applies if an active member of this scheme (P) exercises the partial retirement option in respect of the whole of P’s accrued pensions in the office for which P is taking partial retirement.

The annual rate of full retirement pension is calculated under regulation 47 (annual rate of full retirement pension (active members)) by reference to the amount of full retirement pension specified in the full retirement account.

Regulation 47 applies as if the last day of pensionable service were the day before the day on which the member exercised the partial retirement option.