# The Overseas Service (Pensions Supplement) Regulations 1995, Regulation 20: Current sterling value of increasable rate of pension


The current sterling value of the increasable rate of a pension payable in a currency other than sterling shall be calculated for the purposes of regulation 19(b) on the 15th day of each month of payment of supplement using—
(a) the middle rate of exchange in the official exchange market or, if there is no official exchange market, the prevailing foreign exchange rate for current payments; or
(b) if different, the rate of exchange applied to the pension.

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Source: https://www.legislation.gov.uk/uksi/1995/238/regulation/20 (the official version)
Page: https://openlegislation.uk/overseas-service-pensions-supplement-regulations-1995/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.