# Occupational Pension Schemes (Contracting-out) Regulations 1996, Regulation 38: Adjustment of the amount of the age-related payment.


Where the amount of the age-related payment payable in respect of an earner would otherwise not be a whole number of pence, it shall be adjusted to the nearest whole number of pence, and any amount of half a penny or less shall be disregarded.

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Source: https://www.legislation.gov.uk/uksi/1996/1172/regulation/38 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-contracting-out-regulations-1996/regulation-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.