Regulation 16 Computation of benefit-uniform accrual

This regulation applies where short service benefit is computed on the basis of uniform accrual, in accordance with F1section 74(6) of the Act.

Where this regulation applies long service benefit at the time when the member’s pensionable service terminates is to be calculated on the assumption that the member’s earnings would have remained constant from the time when pensionable service terminates until normal pension age.

For the purpose of computing a member’s short service benefit, the trustees or managers of the scheme may make such assumptions as F2they consider reasonable as to—