Regulation 12 Amendment of regulation 2.D.5

(1)

Regulation 2.D.5 (partial retirement (members aged at least 55))^f1 is amended as follows.

(2)

In paragraph (1)—

(a)

in sub-paragraph (a), for “or a non-contributing member”, substitute “of the 2015 Scheme”.

(b)

in sub-paragraph (d), after “is reduced”, insert “(disregarding any reduction in pensionable pay resulting from the member entering into a salary sacrifice arrangement)”.

(3)

In paragraph (2), after each occurrence of “active member”, insert “of the 2015 Scheme”.

(4)

In paragraph (6)(a)(ii), for “lifetime allowance”, substitute “lump sum and death benefit allowance”.

(5)

In paragraph (9)(b), after “service”, insert “in the 2015 Scheme”.

(6)

After paragraph (9), insert—

“(9A)

For the purposes of this regulation, in the case of a non-contributing member, “pensionable pay” means the member’s pensionable earnings for the purposes of the 2015 Scheme.”.

Annotations

Footnotes

f1: Regulation 2.D.5 was amended by S.I. 2009/381, 2009/2446, 2010/492 and 2021/631.