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Regulation 4 Service multiplier

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

For the purposes of regulations 5(1)(b) and 6(1)(b), the service multiplier appropriate to the member in respect of the last existing scheme or any former scheme shall be—

(a)

in relation to a 15 year scheme: 1.25;

(b)

in relation to a 20 year scheme: 1;

(c)

in relation to a 30 year scheme: 0.67;

(d)

in relation to a 40 year scheme: 0.5.