Regulation F2 Amount payable to pensioner Members

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg F2 am and rev in pt (1.1.2010) (retrosp to 1.4.2008) by Parliamentary Pensions (No 2) 2009 reg 6
reg F2 am (retrosp) (to 1.12.2000) by Parliamentary Pensions (Pension Sharing) 2001 reg 2(1), Sch 1, para 4
reg.F2(2) amended by Parliamentary Pensions 1996 reg.4(1)
reg.F2(2A) added by Parliamentary Pensions 1996 reg.4(1)
reg.F2(3A) added (retrosp,) by Parliamentary Pensions 1996 reg.5(1)
reg.F2(3) amended by Parliamentary Pensions 1995 reg.4
reg.F2(3A) added by Parliamentary Pensions 1995 reg.4
reg F2 am by Parliamentary Pensions 2002 reg 3(1)–(3)

(1)

Subject to regulations F5, F6 and F7, G1 (Commutation), H1 (Early retirement) and J1 and J3 (Ill health pensions) and to paragraph (5) below, the annual amount of the pension payable to a person under regulation F1 shall be a sum equal to the aggregate of the amounts produced, in relation to each year or fraction of a year comprised in his aggregate period of reckonable service as a participating Member, by multiplying the relevant terminal salary by the appropriate fraction.

(2)

In this regulation “the relevant terminal salary”—

(a)

in relation to a person who has been a participating Member for a period of twelve months or more, or for two or more periods amounting in the aggregate to more than twelve months, means the amount of a Member’s ordinary salary for the last twelve months (whether continuous or discontinuous) during which that person was a participating Member; and

(b)

in relation to a person who has been a participating Member, but whose actual period of service as a participating Member was less than twelve months, means an amount calculated by taking the aggregate amount of a Member’s ordinary salary for the period (whether continuous or discontinuous) for which he was a participating Member and multiplying it by the appropriate figure;

and in sub-paragraph (b) of this paragraph “the appropriate figure” in relation to a person, means the figure (whether being a whole number or not) by which the number of days comprised in his period of service as a Member of the House of Commons must be multiplied in order to be equal to a year.

(3)

In paragraph (1) of this regulation “the appropriate fraction”, in relation to a year or part of a year comprised in a person’s aggregate period of reckonable service as a participating Member, means—

(a)

in the case of a year ending before 20th July 1983, one-sixtieth, or, if the period before that date includes a part of a year, a proportionate fraction of one-sixtieth; and

(b)

in the case of a year beginning on or after 20th July 1983, one-fiftieth, or, if the period on or after that date includes a part of a year, a proportionate fraction of one-fiftieth.

(4)

For the purposes of paragraph (4) of this regulation, where a year or part of a year comprised in a person’s aggregate period of reckonable service as a participating Member began before, but ended on or after, 20th July 1983—

(a)

so much of that year or part of a year as ended with 19th July 1983 shall be treated as a part of a year in relation to which sub-paragraph (a) of that paragraph applies; and

(b)

the remainder of that year or part of a year shall be treated as part of a year in relation to which sub-paragraph (b) of that paragraph applies.

(5)

The annual amount of the pension payable under regulation F1 to a person who has been Prime Minister and First Lord of the Treasury or Speaker of the House of Commons shall be calculated in accordance with the provisions of regulation F4, but where regulation F4 applies in relation to such a pension—

(a)

every reference to a “participating office holder” shall be construed as a reference to a “participating Member”; and

(b)

the reference to regulation D2 in paragraph (2)(a) of that regulation shall be construed as a reference to regulation D1.