Paragraph 17 F1
In this Schedule—
“accrual rate” means the rate at which, under the scheme rules, rights to the pension accrue over time by reference to periods of service in any description of employment to which the scheme applies;
“death in deferment pension” means a pension payable in respect of an earner who dies—
- (a)
otherwise than in pensionable service under the scheme, and
- (b)
before their own entitlements to pensions under the scheme have commenced;
- (a)
“death in retirement pension” means a pension payable in respect of an earner who dies after their own entitlements to pensions under the scheme have commenced;
“death in service pension” means a pension payable in respect of an earner who dies in pensionable service under the scheme;
“earner” means an earner in employed earner’s employment;
“effective date” has the meaning given in paragraph 2(b);
“normal pension age” means the earliest age at which an earner may be entitled to payment of an unreduced pension;
“unreduced pension” means a pension which—
- (a)
has not been actuarially reduced as a result of early payment of the pension, and
- (b)
does not include any discretionary benefits.
- (a)
Annotations
Textual amendments
- F1
Sch. 3 added (1.10.2011) by The Occupational Pension Schemes (Contracting-out) Amendment Regulations 2011 (S.I. 2011/1294), regs. 1(2), 2(3), Schs.