Regulation 71 Annual rate of pension credit member’s pensionI1

United Kingdom

The annual rate of a pension credit member’s pension is calculated by—

(a)

taking the amount of credited pension specified in the pension credit member’s account;

(b)

subtracting the early payment reduction (if any) specified in that account in relation to that amount; and

(c)

subtracting the commutation amount (if any) specified in that account in relation to that amount.

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