Regulation F6 Permitted maximum pensions: pensioners who joined after 1st June 1989
The annual amount of the pension payable under regulation F1 or regulation F3 to a person who became a participant on or after 1st June 1989 shall not exceed whichever is the less of—
the amount equal to two-thirds of the multiple; or
such maximum pension as is calculated in respect of that person in accordance with the provisions of Schedule 2; or
the amount equal to two-thirds of the permitted maximum.
In the case of a person who became a participant on or after 1st June 1989 and who is entitled to a pension both under regulation F1 and under regulations F3, the amount of the two pensions together shall not exceed two-thirds of the permitted maximum and, if they do, the pension payable under regulation F3 shall be reduced before the pension payable under regulation F1.