{
  "url": "https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/schedule-13/paragraph-6",
  "json_url": "https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/schedule-13/paragraph-6.json",
  "legislation": "uksi/2015/94",
  "legislation_title": "The National Health Service Pension Scheme Regulations 2015",
  "legislation_url": "https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015",
  "path": "schedule/13/paragraph/6",
  "kind": "paragraph",
  "number": "6",
  "heading": "Calculation of amount of early retirement pension",
  "text": "(1) The annual rate of early retirement pension payable to the member (M) is found by—\n(a) taking the amount of full retirement earned pension specified in M's pensioner member's account;\n(b) applying the actuarial reduction (if any) specified in that account in relation to that amount;\n(c) subtracting the conversion amount (if any) specified in that account in relation to that amount;\n(d) subtracting the allocation amount (if any) specified in that account in relation to that amount;\n(e) adding the amount of full retirement additional pension (if any) specified in that account;\n(f) applying the actuarial reduction (if any) specified in that account in relation to that amount; and\n(g) subtracting the conversion amount (if any) specified in that account in relation to that amount.\n(2) For the purposes of sub-paragraph (1)(b), the actuarial reduction must take account of—\n(a) any buy-out election under Chapter 3 of Part 4;\n(b) the scheme years that fall within the buy-out period (see regulation 45(6)); and\n(c) in relation to each such scheme year, the number of years in respect of which the actuarial reduction is bought out.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/94/schedule/13/paragraph/6",
    "retrieved_at": "2026-10-28T23:49:26.680467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}