Paragraph 15 Pension on member-initiated early retirementI1
Northern Ireland
This article applies to a firefighter member F1other than a special firefighter member who—
satisfies an eligibility condition; and
before reaching normal benefit age is awarded a deferred pension.
A person to whom this article applies may, on or after his 55th birthday, by notice in writing to the Board request early payment of his deferred pension.
The Board may refuse a request under paragraph (2) if the rate of the pension (after the actuarial reduction mentioned in paragraph (4)(b) or, as the case may be, paragraph (5)(b)), is likely to be less than the guaranteed minimum pension that would be payable from state pensionable age.
A deferred pension paid before normal benefit age to a firefighter member whose service is as a regular firefighter shall be calculated by—
multiplying his pensionable service by his final pensionable pay and dividing the resultant amount by 60; and
applying to the amount ascertained in accordance with sub-paragraph (a) the appropriate actuarial reduction factor notified by the Scheme Actuary.
A deferred pension paid before normal benefit age to a firefighter member whose service is as a retained or volunteer firefighter shall be calculated by—
multiplying his pensionable retained service by his final F2reference pay as in article 62(6) and dividing the resultant amount by 60; and
applying to the amount ascertained in accordance with sub-paragraph (a) the appropriate actuarial reduction factor notified by the Scheme Actuary.
Annotations
Textual amendments
- F1
Words in Annex Scheme art. 15(1) inserted (1.4.2015) by The New Firefighters' Pension Scheme (Amendment) Order (Northern Ireland) 2015 (S.R. 2015/9), art. 1(2), Sch. para. 3(7)
- F2
Words in Annex Scheme Pt. 3 art. 15(5)(a) substituted (with effect in accordance with art. 1(3) of the amending Rule) by The New Firefighters’ Pension Scheme (Amendment) Order (Northern Ireland) 2008 (S.R. 2008/381), art. 1(3), Sch. para. 4(c)