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Regulation 2.H.8 Employed pensioners with more than one pension

England and Wales

(1)

This regulation provides for the application of this Chapter where a person is entitled to more than one old service pension falling within regulation 2.H.1(1)(c) in any F1financial year.

(2)

In regulation 2.H.3—

(a)

for paragraphs (1) to (2) substitute—

“(1)

If the condition in paragraph (2) is met, the amount of the old service pensions for any financial year are reduced.

(2)

The condition is that the employed pensioner’s relevant income for the financial year exceeds the employed pensioner’s previous pay for all the old employments.

(3)

The amount of the reduction under paragraph (1) in the case of each on the pensions is equal to the same proportion of that excess as the amount of the pension for the financial year before the reduction bears to the sum of the pensions for that year before the reduction”.

(3)

In regulation 2.H.4(1)(b) for “the old service pension” substitute “all the old service pensions”.

(4)

Regulation 2.H.9 applies as if references to the old service pensions were references to all those pensions.

Annotations

Textual amendments

F1

Words in reg. 2.H.8 substituted (1.4.2013) by The National Health Service Pension Scheme, Additional Voluntary Contributions and Injury Benefits (Amendment) Regulations 2013 (S.I. 2013/413), regs. 1(2), 46