Regulation 92 Annual rate of ill-health pension

England and Wales

(1)

The annual rate of Tier 1 IHP payable to a member (M) is found by—

(a)

taking the amount of full retirement earned pension specified in M's pensioner member's account;

(b)

subtracting the conversion amount (if any) specified in that account in relation to that amount; and

(c)

adding the amount of accrued additional pension (if any) calculated in accordance with regulation 70(3)(b) less the conversion amount (if any) specified in the account in relation to the additional pension.

(2)

The annual rate of Tier 2 IHP payable to M is the sum of—

(a)

the annual rate of Tier 1 IHP; and

(b)

the Tier 2 addition.

(3)

The Tier 2 addition is found by applying the following formula:

\frac{A \times (C + E)}{C} - A

where—

A is the aggregate of the amounts of all of M's pensions from pensionable service on the day after M's last day of pensionable service (L+1)—

(i)
disregarding any additional pension; and
(ii)
including any increases applied by virtue of the Pensions (Increase) Act 1971 M1;

C is the total period of pensionable service counted in days over which the pensions aggregated to find A were accrued; and

E is the period counted in days equal to 50% of the length of the period starting on L+1 and ending on F1the day before M reaches prospective normal pension age, and any part of a day must be taken to be a whole day.

Annotations

Textual amendments

F1: Words in reg. 92(3) substituted (1.4.2015) by The National Health Service Pension Scheme, Injury Benefits and Additional Voluntary Contributions (Amendment) Regulations 2016 (S.I. 2016/245), regs. 1(8), 66 (with reg. 105)

Marginal citations

M1: 1971 c.56.