# The National Health Service Pension Scheme Regulations 2015, Paragraph 15: Actuarial reduction buy-out

Extent: E+W

In relation to a scheme year which falls within a buy-out period (see regulation 45(4) and (5)) the entry in the account relating to the standard earned pension must note—
(a) that a buy-out election has effect (unless it is revoked); and
(b) the number of years in respect of which the actuarial reduction is to be bought out.

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Source: https://www.legislation.gov.uk/uksi/2015/94/schedule/9/paragraph/15 (the official version)
Page: https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/schedule-9/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.