# The Occupational Pension Schemes (Revaluation) Regulations 1991, Regulation 10: Rounding


(1) This regulation applies where the final salary method, within the meaning of paragraph 1 of Schedule 3 to the Act applies to a benefit under the scheme and the scheme provides that, in calculating the amount of that benefit, a member’s pensionable service is to be calculated in whole months.
(2) Paragraph 1 of Schedule 3 to the Act is modified so that the scheme may provide for the pensionable service referred to in sub-paragraph (1) of that paragraph to be calculated to the nearest, next highest or next lowest whole month. Where a scheme provides for rounding as described in this paragraph it must provide for all pensionable service there referred to to be rounded in the same way.

---
Source: https://www.legislation.gov.uk/uksi/1991/168/regulation/10 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-revaluation-regulations-1991/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.