# The National Health Service Pension Scheme Regulations 2015, Paragraph 9: Meaning of “actuarial reduction”


(1) In these Regulations, “actuarial reduction” means the actuarial reduction that is applied (after obtaining the advice of the scheme actuary) when calculating the annual rate of pension payable to a member who, on the entitlement day for a pension other than a pension specified in sub-paragraph (2) has not reached normal pension age.
(2) The pensions are—
(a) an age retirement pension;
(b) a premature retirement pension unless the additional contribution option applies (see regulation 32(7);
(c) an ill-health pension.

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