Regulation 9 Retirement benefits varied at pensionable age

(1)

This regulation applies where—

(a)

a scheme provides that the pension or other retirement benefit payable under the scheme to a member at normal pension age is to be varied at pensionable age, and

(b)

that benefit is subject to revaluation by F1the final salary method, within the meaning of paragraph 1 of Schedule 3 to the Act.

(2)

F2Paragraph 1 of Schedule 3 to the Act is modified so that, when the pension or other retirement benefit payable under the scheme is varied, there is a corresponding variation in the ...amount to be added to the benefit.

Annotations

Textual amendments

F1: Words in reg. 9(1)(b) substituted (12.5.1994) by The Occupational and Personal Pension Schemes (Consequential Amendments) Regulations 1994 (S.I. 1994/1062), reg. 1(2), Sch. 2 para. 31(9)(a)
F2: Words in reg. 9(2) substituted and omitted (12.5.1994) by virtue of The Occupational and Personal Pension Schemes (Consequential Amendments) Regulations 1994 (S.I. 1994/1062), reg. 1(2), Sch. 2 para. 31(9)(b)